BlockDAG news continues with the project announcing that two unnamed individuals will join its leadership team ahead of its upcoming Binance Live AMA. According to a Medium blog post published on November 18, 2025, BlockDAG stated that a former Ethereum core founder and a former senior Cardano executive will take active roles in the organization’s management structure. The announcement did not include names or supporting documentation and deferred identity confirmation to the upcoming Binance Live broadcast.
The update also included a commitment that all BlockDAG X-series mining devices will be produced and delivered within 90 days, with delivery before the Token Generation Event (TGE). This follows a previously announced end to the project’s referral and bonus structure and comes as the presale enters what BlockDAG calls its final phase. The token sale has been active since March 2024 and has included over 30 pricing stages.
BlockDAG Network stated in its Medium post that a Binance Live AMA was confirmed, but the announcement did not provide any date, time, or link to the session. The post said that, during this planned AMA, the names of the two newly claimed team members would be revealed. It described the Ethereum core founder as having contributed to the platform’s early architecture and scaling model, while the Cardano executive is said to bring experience in blockchain governance. BlockDAG has not released any further information regarding their roles, history, or involvement in the project.
The company indicated that the AMA will include a roadmap update aligned with its “new direction” and a presentation of what it refers to as an upgraded leadership structure. Binance Live is a media streaming platform operated by Binance that hosts AMA sessions from third-party crypto projects. Participation in Binance Live does not indicate any endorsement, support, or listing agreement with Binance, and any project can apply to host an AMA on the platform.
BlockDAG also stated that miner shipments for its X-series hardware—X1, X10, X30, and X100—are now secured and that deliveries will be completed within 90 days. The post said that all units will be delivered before the token launch, but no information was provided on production status, supply chain partners, or delivery verification.
No launch date, token generation date, or exchange listing was confirmed in this announcement.
The announcement comes after a series of shifting timelines and unresolved previous commitments.
The project initially promoted a six-month window from the beginning of the presale to the mainnet launch. As of November 2025, the mainnet is not live, and the project remains in testnet. An earlier campaign promoted an August 11, 2025, launch date that did not occur. The project later referred to February 10, 2026, as a new target for listings, but has not published any exchange confirmations.
Unlike most crypto presales, BlockDAG has applied continuous discounting strategies that favored later investors. Throughout 2024 and 2025, the project issued multiple promotional codes and bonus campaigns, reducing the effective purchase price well below the publicized batch prices. This structure allowed later-stage participants to buy $BDAG at prices lower than those of earlier investors, creating disparities in token acquisition cost that were not made transparent in all materials.
In 2024, BlockDAG promoted a partnership with Borussia Dortmund and displayed the football club’s branding across its marketing materials. The claimed partnership was used to generate attention, build credibility, and raise funds during the presale. However, TheHolyCoins later uncovered that the partnership had not taken effect and that no agreement existed.
In October 2025, on-chain investigator ZachXBT identified UK entrepreneur Gurhan Kiziloz as the alleged undisclosed founder of BlockDAG. He cited offshore company documents, fund movements through Middle Eastern OTC brokers, and noted that Kiziloz’s name was actively censored in BlockDAG’s Telegram group. Kiziloz previously founded Lanistar, which was warned by the UK’s FCA in 2020, and has been linked to short-lived meme coins including Big Eyes, Dogetti, and Poorcoin. BlockDAG has not addressed the claims or clarified its founding structure.
BlockDAG is a Layer-1 blockchain in development that combines a Proof-of-Work consensus model with a directed acyclic graph (DAG) structure. It is designed to support EVM-compatible smart contracts and to offer higher transaction throughput than traditional blockchain models. The network is currently in testnet, with no confirmed date for the mainnet launch.
The project promotes mobile and hardware mining as part of its decentralization strategy. Users can mine through the X1 mobile app, and the company also offers a line of physical mining devices, including the X10, X30, and X100. These miners are intended to be operational before the Token Generation Event. BlockDAG also markets development tools such as a low-code smart contract builder and token launchpad, intended to support ecosystem growth after launch.
The BDAG token presale began in 2024 and has raised over $435 million, according to the project’s own reporting. The presale includes over 30 pricing stages, with the final batch priced at $0.005. Out of the total 150 billion $BDAG supply, 50% is allocated to mining rewards and 33.3% to presale buyers. The remainder is distributed between ecosystem and liquidity reserves, with 1% reserved for the team, subject to a two-year lock.
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