- Summary:
- BlockDAG price has a 90% discount for a limited period during the 27th batch of its presale, but are you aware of the potential risks?
BlockDAG has entered the final stretch of its presale, with its presale having raised $220.28 million. The massive raise points to strong investor sentiment around the project, although critics doubt that it could be another case of overpromising and underdelivering.
Pi Network Coin’s underperformance has certainly spooked many investors, who are crossing their fingers that BDAG price will stick to the trajectory promised during the presale.
BlockDAG’s Key Milestones And Potential Risks
BlockDAG’s presale is in its 27th batch, with the price having been discounted by a massive 90% to $0.0025, from the previous stage’s $0.0245 for a limited period. According to a countdown timer on the project’s official website, the special discount will come to an end in under 10 hours as of this writing. In addition there’s a 25% bonus on referrals.
A screengrab of BDAG promotion on its official website
While the massive discount looks like an attractive proposition to new investors, early BDAG buyers might feel slighted. In addition, it technically means that their current holdings are in loss.
However, the project’s founders have promised that BDAG price will launch at $0.05. While that is another attractive proposition, the underlying risk is that the current BDAG holders could embark on a massive selloff once the coin starts trading.
For instance, an investor who buys when BDAG price is at its current presale discount of $0.0025 will be in 1,900% profit on listing day. There may not be enough incentive to dissuade such an investor from dumping the coin and taking the substantial profit in the first few hours of launch.
That said, BlockDAG has undertaken to go through three significant audits to assure its community of safety and transparency. The first was an internal audit which was done to identify vulnerabilities. That was followed by an external audit done by Halborn, which validated the findings of the project’s self-audit. The project is currently undergoing the third audit, which is being undertaken by renown firm, Certik to certify its smart contract security.
Another key risk factor for BDAG investors is the project’s lack of regulatory licensing and unclear corporate registration .That means there would likely be no easy recourse pathway in case the project fails to keep its end of the bargain. According to the official website BDAG will list in 10 centralised exchanges this year.