Unveiling BlockDAG's 72nd Developer Update: Clearing Up X1 Miner App Doubts
Community Enthralled as BlockDAG’s Dev Release 72 Clarifies X1 Miner App Questions; Sales Top 12B Coins
BlockDAG's most recent Developer Release 72 rolls out essential updates that resolve queries and boost functionality within the X1 miner app. This update aims to clarify the referral system and mining rates. Moreover, BlockDAG’s commendable tokenomics plan highlights its dedication to value and rarity, with a total coin supply of 150 billion and more than 12 billion coins already sold during the presale. This strategy has successfully rallied community support, as evident from the $58.3 million raised in the presale and an additional $3.7 million from miner sales.
Exploring BlockDAG’s Strong Tokenomics
BlockDAG stands out with a total coin supply of 150 billion BDAG coins, emphasizing its focus on maintaining scarcity and value. The BlockDAG network features a halving event every 12 months, reinforcing this strategy. By limiting the total coin supply, BlockDAG provides a controlled setting that reduces inflation risks and ensures stability for users and investors.
To manage growth prudently, 33% of the total supply, amounting to 50 billion coins, is earmarked for the presale. This stage allows early supporters to invest at favorable rates and focuses on strategic marketing to enhance BlockDAG's visibility in the cryptocurrency market. The rest, 66%, is allocated to the community, with 80% of that portion designated for miners, thereby securing the platform and rewarding both current and future miners.
Furthermore, 15% of the community coins are set aside for initiatives like educational programs, hackathons, seminars, and conferences. Additionally, 5% of the BDAG coins contribute to a liquidity pool to facilitate smooth trading and mitigate price fluctuations, while 1% is reserved for the team, aligning their objectives with BlockDAG’s long-term prosperity.
BlockDAG’s presale has progressed swiftly, beginning with Batch 1 priced at $0.001 per coin. Now at Batch 19, priced at $0.014 and nearly sold out, with only 25 million BDAG coins left, Batch 20 is set to launch at $0.015. To date, BlockDAG has raised $58.3 million from the presale of over 12.1 billion BDAG coins and $3.7 million from the sale of 9,000+ miners. These numbers highlight BlockDAG’s effective tokenomics and strategic expansion.
Dev Release 72 Clears Up User Concerns & Improves Functionality
In Dev Release 72, the BlockDAG team has concentrated on resolving user concerns about the referral system and mining rates to promote a hassle-free experience. Users had been puzzled by the status symbols in the Groups module.
The revised status symbols now feature “Active,” signifying that the user is registered and actively mining; “Inactive,” indicating registration without mining commencement; and “Pending,” for those awaiting registration. This distinction aids users in better comprehending their referral statuses, with the new "Inactive" status distinguishing between registered non-miners and active miners. These changes will appear in the next update.
Moreover, there was confusion regarding the mining rate. The fundamental mining rate is 0.8 BDAG coins per hour. An active referral adds an additional 0.2 BDAG coins per hour to the mining rate. For instance, if a user has 10 referrals, with 5 active, the mining rate would be 1.8 BDAG coins per hour. This clear explanation enables users to optimize their mining efficiency using the X1 app.
Additionally, a recent developer update rectified a technical issue with the OTP system following a disruption caused by a third-party service. The BlockDAG team has expressed gratitude for users’ patience and remains committed to delivering a seamless and transparent user experience.
Final Alert!
BlockDAG's Developer Release 72 highlights the network’s commitment to resolving user inquiries and boosting app functionality. By elucidating referral statuses and mining rates, it ensures a smoother user experience. The strategic tokenomics, emphasizing scarcity and managed growth, has resonated well within the community, as demonstrated by impressive presale successes. With over 12 billion coins already distributed and ongoing enhancements, BlockDAG is primed for enduring success in the cryptocurrency market, promising a stable and thriving future for both investors and users.
Invest in the BlockDAG Presale Now:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
[Sponsored]
Source: Legit.ng
