BlockDAG Network announced a new BDAG token and a second crypto presale during its Fresh Start keynote on August 13, opening a new fundraising campaign after its previous BDAG presale.
The new presale starts at $0.002 per New BDAG and will run through 25 stages, with the final stage priced at $0.05. BlockDAG also set a $0.10 “launch reference” price, while stressing that the figure is not a guaranteed exchange price or return.
BlockDAG now refers to the existing token as Legacy BDAG, which will continue operating as a separate asset, while New BDAG will be used for network gas, mining rewards, and other core functions. Eligible buyers from BlockDAG’s original presale will also receive an allocation of New BDAG without giving up their existing tokens, although BlockDAG has not publicly disclosed a formula showing how those individual allocations are calculated.
New BDAG Presale Allocates 25 Billion Tokens
New BDAG will have a maximum supply of 150 billion tokens, according to documents BlockDAG released alongside the announcement.
Of that supply, 50 billion (33.33%) New BDAG tokens are allocated to existing users, another 50 billion (33.33%) to mining rewards, 25 billion (16.67%) to the new public presale, and 25 billion (16.67%) to ecosystem development. BlockDAG says the new structure does not contain a separate team allocation.
Stage 1 is priced at $0.002, then increases across 25 stages to the planned final-stage price of $0.05. BlockDAG has not specified how long all 25 stages will run, and when the new token will launch.
BlockDAG also said it plans to provide $100 million in launch liquidity, funded through a combination of presale proceeds and company funds. Its FAQ notes that the liquidity remains a planned commitment until the funds are actually deployed.
Legacy BDAG Holders Keep Their Tokens
BlockDAG says Legacy BDAG will remain a separate asset and can continue trading on supported markets alongside New BDAG. The project says both tokens will continue to be supported across core BlockDAG products and its wider ecosystem.
Eligible participants in BlockDAG’s original presale will receive New BDAG without making another purchase. However, the program does not apply to everyone who currently owns Legacy BDAG. BlockDAG says tokens purchased through exchanges do not qualify, with eligibility limited to purchases made through its original presale.
Although eligible users can see their New BDAG allocation in the BlockDAG dashboard, the project has not disclosed the formula used to divide the 50 billion tokens reserved for existing users. Its FAQ instead tells users to check their individual allocation in the BlockDAG dashboard, where the amount is determined from eligible tokens and verified purchase records.
New BDAG Starts With a $300 Million Implied Valuation
Based on the 150 billion maximum supply, the $0.002 Stage 1 presale price implies a fully diluted valuation (FDV) of $300 million for New BDAG.
At the final presale price of $0.05, the FDV would be $7.5 billion. BlockDAG's $0.10 “launch reference” price would correspond to a $15 billion FDV.
At the time of writing, the Legacy BDAG price is $0.00002507, giving it an FDV of $3.76 million.
The difference means BlockDAG is starting its second presale at an implied valuation nearly 80 times higher than the current market valuation of the token sold through its original presale.
