Decentralized lending protocol Aave (AAVE) has launched a new program called Merit. Within its framework, the most dedicated users of the project will be rewarded, Simultaneously, the cryptocurrency market is in shock with BlockDAG (BDAG) massive presale achievement, setting a new benchmark in the blockchain domain.
Aave: What is the Merit program?
During the Merit program, the decentralized autonomous organization (DAO) Aave will distribute free tokens based on the actual contribution that the user has made to the development of the project. The protocol team is focused on real benefits rather than artificial incentives, it said in a statement.
Yesterday, as part of Merit, Aave developers gave away 280 Wrapped Ethereum (WETH), or $762 thousand, to select lenders. Lenders and stakers of the protocol’s stablecoin GHO (GHO) will receive an airdrop next week.
Aave DAO initially scheduled the program for 90 days. So far, $2.1 million in Ethereum (ETH) and $2.9 million in GHO have been allocated for the initiative. In April, members of the project’s decentralized organization will vote on expanding Merit, possibly making the program permanent, with an annual budget of $20 million.
How Aave reacted?
According to analysts, the native token of the Aave ecosystem practically did not react to the news of the token distribution. Over the past 24 hours, the asset rate has increased by a slight 0.7% and at the time of writing is $113.43. In total, AAVE rose in price by 17% over the past month.
Aave remains one of the largest Ethereum-based protocols. According to DappRadar, the project ranks fourth in the ranking, behind only Lido Finance (LDO), EigenLayer and Maker DAO (MKR). Aave’s total value locked (TVL) is $6.4 billion.
Record-breaking $6 Million in Presale
BlockDAG’s unprecedented presale achievements have thrust it into the spotlight, firmly establishing it as a major player in the cryptocurrency arena. With a staggering $6 million raised and a quick transition to its third batch, BlockDAG (BDAG) reflects soaring investor confidence, showcasing the inherent value and potential of BDAG. Currently priced at an accessible $0.002, predictions suggest an impressive ascent to $10 by 2025, highlighting the bright prospects for BlockDAG’s growth.
Features of BlockDAG
This upward trajectory is backed by advanced hybrid consensus technology, the BlockDAG X1 App, and specialized ASIC miners like BlockDAG X10, X30, and X100. BlockDAG (BDAG) ecosystem includes cloud mining. Dedicated mining units and a compelling opportunity for early investors to realize 50x returns at launch.
BlockDAG (BDAG) offers a more comprehensive investment strategy that appeals to diverse investor interests. Furthermore, while the recent launch of Rebel Satoshi shows the potential for swift growth in the market, BlockDAG distinguishes itself with a robust roadmap, community engagement strategies including a 10% referral bonus, and a commitment to environmental sustainability. This is exemplified in its energy-efficient Proof-of-Work consensus mechanism, positioning BDAG as a well-rounded and sustainable investment choice.
Is BDAG a good investment?
Amidst a crypto market brimming with fleeting fascinations like the Shiba Inu community and InQubeta presale, each driven by particular strategies or launches, BlockDAG (BDAG) distinguishes itself through a holistic approach encompassing growth, community engagement, and environmental consciousness.
As BlockDAG’s crypto presale gains momentum, it presents investors with an exceptional chance to join a venture poised for significant growth, underpinned by a commitment to long-term sustainability and a goal to lead the market. BlockDAG (BDAG) is an enticing investment opportunity with community-centric cryptocurrency initiatives.
