We first got to know BlockDAG Network a few months ago through a flashy advertisement that appeared while watching a video on YouTube. It featured someone in a luxury racing car on a track, talking about how they made their wealth through a crypto presale, before speeding off. Clicking the link in the advertisement took us to a crypto website with a launchpad where the BlockDAG crypto presale was conducted. It left us wondering how a wealthy person in a racing car was connected to a blockchain Layer-1 presale project.
BlockDAG Network, launched in March 2024, is a cryptocurrency project currently in its presale phase for the $BDAG token, led by CEO Antony Turner, a veteran in the tech industry with experience across sectors like fintech and crypto. The project has raised $112.5 million so far and promotes a unique hybrid structure combining blockchain with Directed Acyclic Graph (DAG) technology, claiming to enhance transaction speed, expand capacity, and enable scalability by allowing thousands of transactions to occur at once without compromising decentralization.
BlockDAG Network and its $BDAG token have stirred up discussions within the crypto community. Numerous cryptocurrency investors have voiced concerns about its legitimacy, with some even labeling it a potential scam. In this article, we aim to bring clarity to whether BlockDAG Network is indeed legitimate by closely examining the aspects that may raise questions as well as those that might lend credibility to the project. Let’s dive in.
The CEO - Antony Turner

If we’re being completely transparent, at first, we thought Antony Turner might be a fictional character. Initially, there wasn’t enough information supporting his LinkedIn profile, and his keynote appearances came off as somewhat theatrical. However, as we researched further, we found several older sources that backed his previous roles as CEO of SwissOne Capital and COO of SPIRIT Blockchain Capital, which eased our doubts that he’s indeed a professional potentially fit to lead BlockDAG Network.
Aggressive Marketing
The BlockDAG project has undertaken extensive marketing through sponsored articles, press releases, professional—and likely expensive—video productions, paid ads, and promotions on social networks like Facebook and Instagram, along with endorsements from crypto influencers on YouTube.
They also claim to have sponsored major European soccer teams and a well-known boxer, spending millions on these partnerships. In addition, the project has offered promotional presale bonuses, such as a 50% bonus in September and a 100% bonus in November, as well as various giveaways.
Altogether, this ongoing marketing push to promote the project and the $BDAG token feels somewhat excessive. Why would a crypto presale project dedicate so much budget and effort to marketing instead of focusing more on research and development?
Certain claims in the BlockDAG Network marketing materials feel questionable. For instance, in a June 2024 keynote, a speaker referenced endorsements from CoinTelegraph, Forbes, and Bloomberg. However, these “endorsements” appear to be merely sponsored articles, with no real backing from these media outlets and no supporting evidence provided.
Cryptocurrency investors prefer their money to go toward product research and development, as this is what gives a project an edge at such an early stage. Excessive marketing spending, like what we’re seeing with BlockDAG Network, may prompt some investors to wonder if the goal is merely to attract new investors—a tactic that could resemble a Ponzi-style scheme.
Whitepaper Similarities to Kaspa’s Whitepaper

We came across this concern on Reddit, where a user alleged that BlockDAG’s whitepaper is overly similar to Kaspa’s whitepaper. Given that both projects are DAG-based Layer-1 blockchain networks, we initially thought such similarities might be plausible. However, we decided to investigate, comparing the two documents ourselves and even using AI for support.
What we found was a significant amount of similarity between the two, with Kaspa’s whitepaper predating BlockDAG’s document. Although the structures are slightly different, certain sections of BlockDAG’s whitepaper closely mirror Kaspa’s, containing similar text, concepts, and formulas—some even appearing as direct screenshots from the Kaspa whitepaper.
While we can’t definitively say if BlockDAG Network copied from Kaspa, and with no partnership or collaboration announced between the two companies, this resemblance raises doubts about whether BlockDAG’s whitepaper is entirely original.
Partnerships with Sports Teams and Celebrities
According to BlockDAG’s website, they claim partnerships with Borussia Dortmund, Inter Milan, and a famous boxer named Alex Pereira. These soccer partnerships briefly appeared on the teams’ websites but were later removed. When we reached out to the teams, we received no response.
BlockDAG Network continues to list these partnerships on its website, which raises questions about their authenticity. Additionally, it’s unclear why a Layer-1 blockchain presale would prioritize partnerships with sports teams and a boxer over forming partnerships with blockchain companies that could actually support the development of the BlockDAG Network.
This approach is reminiscent of a previous presale project we reviewed, LuckyBlock, which took a similar path by securing high-profile yet irrelevant partnerships with boxers before even having a working product. This again brings up concerns about why millions are spent on marketing before development.
Presale Fundraising Strategy
BlockDAG’s fundraising method is atypical for a Layer-1 blockchain project. Most Layer-1 projects secure funding from venture capital or major investors rather than a lengthy presale. For instance, Solana raised $20 million in a round led by Multicoin Capital, while Avalanche received backing from Initialized Capital and Galaxy Digital, and Algorand was funded by Union Square Ventures. Given Antony Turner’s finance and crypto background, it seems plausible that raising funds for a legitimate Layer-1 blockchain project through conventional methods would have been feasible. So, why opt for a prolonged presale? This decision raises questions, and we find it challenging to justify.
Testnet Development – Explorer and Faucet

BlockDAG Network has introduced a blockchain explorer and faucet on its testnet, which allows users to interact with some components. However, this limited functionality provides little evidence of the underlying technology. For a project that claims to have raised over $100 million, we would expect something more robust.
As far as we can tell, this setup may be nothing more than a basic interface storing data without true blockchain integration. It hardly signals technical development worthy of a large-scale Layer-1 blockchain project.
Team’s Late Introduction
Initially, BlockDAG’s team was not publicly disclosed. Only in late July 2024 did the project introduce key team members, including Antony Turner as CEO, Jeremy Harkness as CTO, Prof. Dr. Eng. Youssef Khaoulaj as CSO, and Steven Clarke-Martin as an advisor. While Turner started with BlockDAG Network in June 2023, according to his LinkedIn profile, the rest of the team joined much later—the CSO and advisor came on board in May 2024, while the CTO joined only in October. This leaves us questioning who handled BlockDAG’s whitepaper, tokenomics, marketing, and early development before these key figures joined.
Unrealistic Roadmap
According to BlockDAG’s roadmap, development of the blockchain Layer-1 network began in January 2024, with the mainnet scheduled for completion by November 2024. This timeline seems overly ambitious. Completing a Layer-1 blockchain in just 11 months is nearly unheard of.
For comparison, BlockDAG’s "older sister," Kaspa, took eight years from inception to launch. Research, design, planning, development, testing across various environments, quality assurance, and bug fixing are all crucial steps. Even with an agile approach, the complex process required for a stable, scalable Layer-1 blockchain cannot realistically be achieved in such a short timeframe.
As much as we would like to believe it, the rapid timeline claimed by BlockDAG Network is hard for us to accept as realistic.
Our Conclusion: Is BlockDAG Legit?
In our view, BlockDAG Network presents a mixed picture. While the team is now doxxed and appears to have relevant and legitimate credentials, too many questionable signs surround this project. The aggressive marketing campaigns, lack of relevant partnerships, questionable sponsorships with sports teams and a boxer, and the rapid development timeline, among other concerns, all raise concerns.
Although we cannot definitively determine if a project is a scam, we can make an informed estimate based on available information. For us, the number of questionable signs means it’s best to stay away from the BlockDAG blockchain. What does this mean for you? We think that crypto investors should be cautious, do their own research, and make the decision that feels right for them.
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#blockDAG #Presale

BlockDAG (BDAG) is emerging as one of the most talked-about altcoins for 2024, drawing significant attention in the decentralized finance (DeFi) space due to its innovative Proof of Work (PoW) consensus and strong presale performance. Inspired by the efficiency of the Kaspa protocol, BlockDAG offers a blend of scalability, security, and efficiency, making it a formidable contender against other Layer 1 blockchain solutions.
Key Milestones and Roadmap
BlockDAG has already achieved substantial success with its presales. The project raised over $24.6 million, selling a staggering 8.8 billion coins, far exceeding initial expectations. With its projected launch price set at $0.05 per coin, early investors could see an impressive return of up to 5000%. Furthermore, BlockDAG has set ambitious targets, aiming to raise $600 million by the end of 2024.
The platform’s roadmap showcases a carefully planned launch, including the development of mining hardware, a mobile app, and strategic alliances with tech providers. The Mainnet, anticipated by many, is currently in the refinement phase, with plans for extensive testing to ensure reliability and security. Once launched, BlockDAG is expected to offer one of the most efficient and secure environments for miners and users.
Strategic Developments and Future Outlook
BlockDAG is not only capitalizing on its technical prowess but is also making investments accessible to a broader audience by expanding its payment options. Investors can now purchase BDAG using major cryptocurrencies like Bitcoin (BTC), USDT, Dogecoin, Shiba Inu, and more, enhancing its market reach. This increased accessibility, combined with the project’s transparent communication and consistent progress updates, is helping build trust and drive momentum.
Analysts are particularly bullish about BlockDAG's long-term potential, predicting a price surge to $10 by 2025-2030. As more investors flock to the project, BlockDAG’s unique approach to handling decentralized networks could reshape how we view blockchain scalability and security.
In summary, BlockDAG’s combination of strong technical foundations, impressive presale achievements, and future growth potential make it one of the most exciting blockchain projects to watch in 2024. Keep an eye on BDAG as it continues to disrupt the crypto landscape with its innovative solutions.#blockDAG

BlockDAG's latest Keynote 2 event has ignited significant investor interest, with forecasts seeing its coin reach $10 by 2025 and escalate to $30 by 2030. Amid a pricing decline in Super Trump (STRUMP) and the ascent of JasmyCoin, BlockDAG differentiates itself with pioneering advancements and a promising growth path. With over $49.5 million raised through its 18th presale batch and a current price of $0.0122, BlockDAG is gearing up to deliver stellar returns. Featuring innovations like the X1 Miner App and a low-code/no-code platform, BlockDAG is on track to revolutionize the crypto market and deliver substantial investor value.
Super Trump Experiences a Dip Amid AI Meme Coin Frenzy
Super Trump (STRUMP) has experienced a 9% decline, now trading at $0.02315, with its trading volume falling by 29% to $6.7 million. After a period of consolidation in April and May, STRUMP peaked briefly at $0.023 before retracting to $0.010. Nevertheless, it remains 394% higher over the past two weeks, suggesting bullish potential above both 50-day and 200-day SMAs. The RSI suggests a growing interest among investors.

JasmyCoin Anticipates Major Gains
JasmyCoin (JASMY) is at the forefront of the crypto rally, registering an 18% rise to $0.041 after a robust 61% increase over seven days. Having broken out of an ascending triangle, the price could potentially reach $0.064. Although there might be a retracement to fill fair value gaps at $0.032 and $0.028, JASMY maintains a strong bullish stance. This momentum is partly driven by the burgeoning decentralized Physical Infrastructure Network (DePIN) sector, now valued at $29 billion. Investors are buoyed by JASMY's strategic position in the DePIN sector and its potential future partnerships, predicting that JASMY could reach new heights as it gains market presence.

BlockDAG's Keynote 2 Catalyzes Bold $10 Price Predictions
BlockDAG is building momentum with projections of its coin hitting $10 by 2025 and $30 by 2030, hinting at a potential 30,000x return on investment. With over $49.5 million amassed by its 18th presale batch and a current price of $0.0122, BlockDAG's growth trajectory is promising, marking it as an attractive investment option in the cryptocurrency sphere.
The recent Keynote 2 event played a crucial role, sparking increased interest in BlockDAG. Highlights included the launch of the X1 Miner App, now accessible on both Android and Apple platforms, which simplifies the mining process, enhancing user engagement and accessibility. The event also spotlighted over 45 updates relating to blockchain advancements and global marketing strategies, emphasizing the project's commitment to transparency and cutting-edge development.
BlockDAG's Directed Acyclic Graph (DAG) technology emerged as a standout, enabling concurrent operations to enhance scalability and security. This innovative approach allows for simultaneous transaction confirmations, ensuring high throughput and quick confirmation times, which sets BlockDAG apart in the crowded crypto field.
Moreover, the keynote introduced BlockDAG's low code/no-code platform, tailored to democratize decentralized application development. This feature enables non-developers to create and manage applications, expanding access to blockchain technology. With a comprehensive roadmap and ongoing enhancements, BlockDAG is poised to dominate in decentralized innovation, making it a prime choice for investors aiming for significant returns.

Key Takeaways
BlockDAG's strategic innovations and robust advancements position it as the top investment choice in the evolving crypto landscape. While Super Trump deals with a price dip and JasmyCoin continues to grow, BlockDAG's thriving presale and advanced DAG technology highlight its potential for substantial growth. Investors looking for significant returns should eye BlockDAG, poised to lead the market with scalable solutions and user-centric applications.

#blockDAG #Jasmyusdt⚠️⚠️ #jasmy #DAG #JasmyCoinJourney