BlockDAG is promoting the sale of BDAG tokens to the public at $0.0005 through its website, just weeks after it launched the token on exchanges at $0.05.
At the time of writing, the $BDAG price is $0.40 on the P2B exchange, which accounts for around 90% of the total $BDAG trading volume, according to CoinMarketCap.
This means BlockDAG is selling tokens to the public at a 99% discount from the listing price, and 99.87% discount from the current price on the leading exchange.
According to the promotion, buyers will be able to purchase the token until April 8th and begin trading the same day, although the team has not confirmed this through any other official channels.
BlockDAG Asks CoinMarketCap to Remove Lower-Priced BDAG Markets From Aggregation
Shortly after trading began in early March, BlockDAG posted a public request on X directed at CoinMarketCap, asking for the removal of BDAG/USDT trading pairs from Webot (formerly Pionex.US) and Coinstore.
In the post, the team wrote that these markets were showing “inaccurate pricing and inconsistent liquidity” and could mislead users. Both exchanges displayed lower $BDAG prices than those on other listed markets at the time.
Removing trading pairs from aggregators directly affects how price data is presented to users. When lower-priced markets are excluded, the average visible price across platforms increases, even if those lower trades are still taking place.
Parallel Pricing Between Exchange Markets and Direct Sales Continues After Launch
While exchange prices are currently trading at significantly higher levels, BlockDAG continues selling $BDAG directly through its website at $0.0005. This creates two parallel pricing systems for the same asset, with a wide gap between direct sale pricing and exchange markets.
In a typical post-launch market, price discovery converges across platforms. Here, it remains fragmented.
Additionally, users buying through the BlockDAG website are entering at a fraction of the exchange price, giving them a significantly lower cost compared to earlier buyers who purchased $BDAG at higher prices and, in some cases, under less favorable terms such as aggressive vesting schedules.
Read the full interview with a former BlockDAG employee discussing internal mismanagement.
Restricted Deposits, Aggregator Changes, and Discount Sales Show Tight Control Over $BDAG Market Conditions
All centralized exchanges that listed $BDAG, besides Webot, have restricted user deposits of the token. Limiting deposits reduces the amount of tokens that can reach exchanges, which in turn reduces selling pressure. At the same time, removing lower-priced markets from aggregators shifts visible pricing upward.
The combination of restricted deposits, delayed listings, and attempts to remove lower-priced markets has led to claims from investors that the BlockDAG team manipulates the $BDAG price, so the project can sell more tokens through a direct channel to the public.
While this is happening, the project continues to sell tokens directly at a steep discount.
Together, these actions can influence how the $BDAG price appears to the public, limit open-market activity, and create uneven access to pricing between buyers. In regulated markets, similar conditions are examined under market manipulation rules, disclosure requirements, and fair access standards.
Legal and Market Structure Questions Around $BDAG Pricing, Disclosure, Fair Access, and Exchange Role
This setup, where a crypto project concludes the presale stage with a token launch, yet continues selling tokens directly to the public in parallel to exchange trading at a fraction of the price, while restricting deposits of tokens into exchanges and attempting to influence how prices are displayed on aggregators, is highly unusual and raises serious concerns.
In traditional financial markets, a structure like this could easily be examined under rules related to market manipulation, misleading conduct, disclosure obligations, and fair access to trading conditions. These frameworks are designed to ensure that pricing reflects genuine market activity, that participants have equal ability to trade, and that all material information is clearly and fairly presented to the public.
In this context, the role of exchanges also comes into question. By enabling trading of $BDAG while restricting user deposits, some exchanges may be facilitating a market where price formation occurs under limited supply conditions, while the issuer continues to take advantage of this structure by selling tokens at significantly lower prices through a separate channel.
This raises questions about the potential liability of exchanges under such conditions, as they may not provide a fair and open trading environment and may enable a structure in which pricing, liquidity, and access are unevenly distributed, potentially exposing participants to misleading market signals and distorted price discovery.
Given that exchange listings often involve commercial agreements or listing fees paid by the issuer, this also raises potential concerns around conflicts of interest, where exchanges may have financial incentives that align with the issuer’s strategy.
