Following the recent US elections, the expected changes in US crypto regulation are changing the crypto landscape. Investors are giving precedence to innovative projects that focus on utility. Among these, BlockDAG and Cutoshi have surprised analysts with their wildly successful presales.
BlockDAG Unique Technology Nets it $160.73M In Presales
Ever since Bitcoin, there has been relatively little innovation in proof of work (PoW) technology. Instead, most crypto assets opted for an alternative model. Most recently, however, BlockDAG broke this trend with its unique take on PoW technology.
This unique approach was successful, as so far, BlockDAG secured $160.73 million in its presale. The team is not stopping there and is aiming for a total of $600 million in investments. While the goal is ambitious, BlockDAG is on track to break new presale milestones soon.
The key to its success is the Directed Acyclic Graph (DAG) technology, BlockDAG’s unique take on PoW. Unlike most blockchains, DAG technology enables the creation of multiple blocks at the same time. This makes BlockDAG much more scalable than most blockchains.
What is more, BlockDAG has the added advantage of PoW chains, which is higher security and decentralization. Unlike PoS chains, which are typically controlled by a small number of validators, PoS chains rely on miners. This creates a more decentralized validation infrastructure, protecting the network from attacks.
The technical sophistication is not the only reason why investors are looking into BlockDAG. Namely, the project also offers tiered rewards to presale investors. The goal of these rewards is to incentivize those that support it early on.
Cutoshi Blends Memes With DeFi
Just like BlockDAG, memeFi token Cutoshi (CUTO) is also attracting attention thanks to its unique vision. In just weeks after starting its presale, Cutoshi raised $1 million in investments, gaining viral status. Now, the project is on track to sell out all its presale tokens.
As of December 12, Cutoshi raised a total of $1,363 million in presale investments. The reason why traders are excited is its unique blend of memes and DeFi.
Cutoshi is both a meme coin and a DeFi token. It is based on the famous lucky cat, a symbol believed to bring luck and prosperity. At the same time, it is also a utility token for a DeFi ecosystem run by its users. Its ecosystem will feature a multichain DEX, a learning platform and various essential DeFi utilities. All of these are designed to make DeFi more accessible to average users.
Cutoshi’s use of memes broadens its appeal to regular users and traders. While BlockDAG appeals to a section of tech-savvy investors, Cutoshi appeals to both meme coin traders and DeFi enthusiasts. Its focus on memes is also in line with its ability to attract regular users to DeFi.
This is particularly important now that the crypto industry is increasingly focusing on end users and consumer applications. By bringing regular users to DeFi, Cutoshi has the potential to grow the entire DeFi ecosystem.
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