StarkWare, the developer firm supporting the Ethereum Layer-2 protocol Starknet, has updated its token unlock schedule in response to community feedback. This comes as interest in Bitcoin Dogs, a new crypto project, continues to grow, making it one of the most highly anticipated ICOs in the market.
Bitcoin Dogs’ token $0DOG is the first BRC-20 ICO on the Bitcoin blockchain, and its presale is nearing the $4 million milestone, with significant investor interest.
StarkWare Adjusts Token Unlock
On Thursday, StarkWare announced an update to the unlocking schedule for the Starknet (STRK) token, which led to a sharp rise in the token’s price. This change was made after receiving criticism for the initial schedule that would have seen a large number of tokens unlocked in April.
The new schedule reduces the number of tokens to be unlocked and spreads out the release over the next few years. Under the revised schedule, only 64 million STRK tokens, or 0.64% of the initial 10 billion supply, will be unlocked on April 15. The remaining tokens will be unlocked gradually, with 6.4% being released every month until March 15, 2025.
This new schedule ensures that only 580 million STRK tokens will be allocated to early contributors and investors in 2024, compared to the 2 billion earmarked under the previous schedule. The remaining tokens will be unlocked in 2025, 2026, and 2027.
Additionally, Starknet airdropped over 700 million STRK tokens to early users and eligible wallets earlier this week.
Bitcoin Dogs Presale is Flying
Bitcoin Dogs launched as the first-ever ICO on the Bitcoin blockchain on February 14, 2024. In less than a week, the project’s presale for the native $0DOG token has raised almost $4 million from early investors.
Bitcoin Dogs is not just a new BRC-20 token; it offers a whole range of features, including a metaverse environment where $0DOG holders can raise, trade, and earn from their virtual dogs through tournaments. This project is a combination of the best of Tamagotchi, Axie Infinity, and BAYC or Cryptopunks, making it a highly sought-after project in the crypto investment space.
The presale will last for 30 days, with 810 million of the 900 million $0DOG supply being sold by March 15, 2024, leaving only the remaining tokens for the official trading on exchanges.
What’s Next for Bitcoin Dogs?
According to the project’s whitepaper, any $0DOG left unsold after the presale will be burned. After the presale, the $0DOG will officially start trading, and product development will continue with the launch of GameFi on Bitcoin, an NFT debut, beta launch, and play-to-earn partners in Q2 2024.
In Q3 2024, the official game launch is planned, followed by multi-chain support and DAO governance in Q4 2024. The current presale price of $0.0198 has already brought gains for early buyers, with a potential increase to $0.0404 during the ICO phase, indicating a 169% advantage for stage 1 participants.
While the presale is currently in its second stage, there is still an opportunity to participate and take advantage of the increasing price. To learn more, click here.