Is BlockDAG Legit or a Scam? A Detailed Review
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BlockDAG is most likely a legitimate project, but it has shown some concerns. Despite claiming to raise over $435M in presale, its launch has been repeatedly delayed — initially promised for June, then August, and now pushed further to February 2026.
The shifting dates mixed with the lengthy presale phase raise doubts about its legitimacy, making a lot of investors question the genuineness of the project.
BlockDAG is a crypto project that combines DAG technology with Proof-of-Work to boost scalability and speed. In this guide, we explain what BlockDAG is, some of the developments that have drawn concerns, and analyze whether it may be a scam or not.
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Key Takeaways: Is BlockDAG Legit or a Scam?
Here’s the main information about the BlockDAG presale:
- The project combines DAG technology with Proof of Work, offering a unique hybrid model.
- Nearly 60% of the user reviews on Trustpilot are negative, so caution is wise.
- Raised over $435 million, among 2025’s largest crypto presales.
- Official partnership with the BWT Alpine F1® Team was announced in late September 2025.
- Despite marketing claims of an August 2025 launch, the mainnet has been delayed again to late 2025 or early 2026.
- No confirmed exchange listings yet, despite promoting a “Binance road” to listing.
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How to Decide Whether BlockDAG is Legit
When checking if a project is legitimate, you have to consider a couple of factors, including:
- Tokenomics: How are the tokens allocated? Are there lock-up periods to protect investors?
- Team & Activity: Who builds it? Do they have relevant experience, and is development steady?
- Use Case Viability: Does BlockDAG address a real need that people will actually use?
- Smart Contract Auditing: Have independent firms checked the code for security?
- Amount Raised: How much has BlockDAG raised so far, and how is that money being used?
- Real Community: Is there an active community that’s reactive to the project, or is it just bots and hype?
- Coverage: Are there any real mentions in trusted crypto news sites? Or just ads?
Who is Behind the BlockDAG Crypto Project?
Is BlockDAG anonymous? Not really. The BlockDAG team is very visible, which helps boost its credibility. The project is led by Antony Turner, a fintech entrepreneur who co-founded Switzerland’s first equally weighted crypto index fund.
Jeremy Harkness, the CTO, has a background in blockchain and AI. Finally, Dr. Prof. Youssef Khaoulaj, a security expert who oversees smart contract audits, is also part of the team. Overall, the team is well-documented and seems experienced.
The website mentions that it was started in early 2023, making it a relatively new project belonging to DAG Systems Ltd. It is registered in Seychelles, and this kind of jurisdiction is pretty common in crypto, thanks to the flexible regulations of the location.
Being based in Seychelles, not having a clear roadmap, and the launch date being delayed multiple times, currently set to February 2026, don’t necessarily mean the project is a scam, but it’s worth noting.
BlockDAG Tokenomics
The BlockDAG presale has been open for over a year and has reportedly raised more than $435 million. The whitepaper is quite detailed and easy to find on the presale website.
It claims the DAG structure will be used alongside PoW mining to reach more than 10,000 transactions per second. That’s a big promise, but the team claims they are on track to deliver.
As for the tokenomics, this is how they are broken down:
- 50.0% allocated for miners (75 billion coins)
- 33.3% allocated for presale participants (50 billion coins)
- 12.7% allocated for community and ecosystem growth (19 billion coins)
- 3.0% allocated for liquidity (4.5 billion coins)
- 1.0% allocated for the team (1.5 billion coins)
- Total supply: 150 billion coins
The whitepaper also claims that lock-up periods will occur after the presale ends to prevent quick sell-offs. Halborn and Certik have audited the project’s smart contracts and said any issues were fixed. However, it’s worth mentioning that the two reputable security platforms reviewed only the vesting contracts, rather than the mainnet itself.
So, is the BlockDAG presale scam or legit? It’s hard to say for sure, as they have done some things right: clear tokenomics, third-party audits, and a detailed explanation of their goals in their whitepaper.
⚠️ BlockDAG Has Used Misleading Marketing Tactics
BlockDAG has repeatedly used a pattern of marketing a supposed launch date for their project, only to postpone it once again. This could be an intentional tactic to create a last-minute buying rush, even if they did not intend to launch the project on that date.
Considering the huge amount the presale has already raised, it appears the development team is hesitant to launch the project while it is still attracting large investments; therefore, we suggest you treat any of their announcements with caution.
Better BlockDAG Presale Alternatives
BlockDAG stands out; however, it isn’t the only game in town. So, let’s compare it with other crypto presales.
| Project | Amount Raised | Presale Start | Predicted Launch | Features |
|---|---|---|---|---|
| BlockDAG | $435 million | January 2024 | February 2026 | DAG + PoW hybrid, EVM compatibility, DeFi and mining integration |
| Bitcoin Hyper | $29.6M | May 2025 | Q4 2025 | Bitcoin’s scalable smart contract layer |
| Maxi Doge | $4.35M | July 2025 | Late October 2025 | High-yield gym meme staking coin |
| PEPENODE | $2.37M | August 2025 | TBD | Meme coin with a mining rig |
Better BlockDAG Presale Alternatives
If you decided not to invest in BlockDAG, here are some alternatives that are also on presale:
1. Bitcoin Hyper (HYPER) – Bitcoin’s Scalable Layer-2 with High-Yield Staking
Bitcoin Hyper 
HYPER +16.91% powers the first Bitcoin Layer-2 ecosystem using Solana VM and zero-knowledge rollups. Presale buyers secure exclusive HYPER token access with high staking rewards (39% APY). Also, holders gain governance rights and seamless access to Bitcoin-based DeFi, NFTs, and dApps.
This project aims to transform Bitcoin scalability for DeFi/NFT use, achieving near-instant settlements. Having raised $29.6M so far on its presale, its strengths are non-custodial bridging and audited security. Key challenges include overcoming significant competition from established Layer-2s and driving ecosystem adoption for its public release.
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Visit Bitcoin Hyper2. Maxi Doge (MAXI) – Gym-Themed Meme Coin with High-Yield Presale
Maxi Doge 
MAXI +9.60% is a BSC meme coin built around gym culture. The fixed supply is 150.24 billion tokens, with tiered presale pricing starting at $0.000274. It includes gamified staking at 71% APY and community rewards.
The project has audits from SolidProof and Coinsult and supports immediate pre-launch staking. Development phases cover the presale, exchange listings, and ecosystem growth. Strengths include clear branding, fixed supply, and added utility. The main hurdle is a crowded meme-coin market where standing out and holding attention is difficult.
👉 Learn how to buy Maxi Doge
Visit Maxi Doge3. PEPEPNODE (PEPENODE) – New Meme Coin With Its Own Mining Rig
PEPENODE 
PEPENODE +19.68% is a new meme coin still in early presale stages. It’s taking a new approach by merging meme culture with mining, as it offers a mine-to-earn game that users can try out now.
Investors can participate in building their own virtual server rooms with digital nodes to earn rewards, giving them an actual product from the start, unlike other presale projects. PEPEPNODE has a deflationary model and plans to reward users in external meme coins for added exposure.
👉 Learn how to buy PEPENODE
Visit PEPENODE👉 Take a look at other presale projects
According to the team, they have an open-door mentality, meaning they are open to answering questions and sharing roadmap updates. But, this is not enough for the investors, as the presale end date keeps getting postponed, disappointing everyone in the process. User feedback is somewhat mixed. On Trustpilot, BlockDAG averaged 2.8/5 before the platform removed its rating due to guideline breaches. It has also detected fake reviews and deleted them in return. Around 60% of the current reviews are negative, calling out the project to be a scam and urging those interested to stay away. While positive comments exist, there are very few of them. Those who believe that the project is real claim that the presale has a clear structure, with the team providing updates. There are also claims of responsive support and talk of a long-term roadmap. However, many posts online are reporting problems and submitting complaints about broken promises, withdrawal issues, and missing tokens, with many reviewers accusing the company of misleading marketing, even claiming that the project is a scam. The delayed launch is not helping its case, nor are the failed airdrops. Most comments advise people to approach the project with caution. BlockDAG has confirmed upcoming listings on MEXC, XT, LBANK, Bitmart, and Coinstore. While not yet live (as it remains in presale), exchange availability will enable easier token trading and directly boost liquidity. Some users have complained about difficulties in withdrawing funds or unclear timelines. While there’s no hard proof that BlockDAG is running an exit scam, the confusion about certain project aspects is worth keeping in mind. Also, make sure you only check official channel updates to avoid any potential crypto scam. So far, financial regulators have not received formal warnings, which is a good sign. However, it’s still smart to check if a project has real licenses before making any investment decisions. BlockDAG claims to follow know-your-customer (KYC) and anti-money laundering (AML) rules, which is good for building trust and reducing fraud. Still, the real test is how well these policies are followed when users sign up or cash out. There’s currently no indication that BlockDAG is banned anywhere. But keep in mind that crypto regulations vary country by country. Some places, like Nigeria, Bolivia, or Venezuela, have heavy restrictions on crypto activity, while others have clearer legal frameworks, like the U.S., Canada, or Brazil. BlockDAG appears to operate within the legal boundaries, but that doesn’t mean it’s risk-free. But regularity, uncertainty, and varying global laws can still cause problems down the road. Further promises of price freezes and a June 13 “GO LIVE Reveal” also failed, and no complete exchange list ever materialized. That pattern of broken dates and shifting plans has seriously eroded trust. It later pushed a new target to the end of September, which passed without launch, and on October 30 2025, the company tweeted that the launch date was again rescheduled to February 2026. 🚨 Final 4.6B BDAG Coins — Presale Ends February 10th, The VALUE ERA Begins TODAY! 🚨 💎 VALUE ERA HAS BEGUN 💎 This is the BIGGEST SHIFT in BlockDAG history –> Watch Our CEO Antony Turner's Video Message 📽️ here ‼️ The Power Era built us ➡️ The Dominance Era proved us ➡️ Now… pic.twitter.com/goXwdm4CO7 — BlockDAG Network (@blockdagnetwork) October 29, 2025Reviews and Community Sentiment About BlockDAG
BlockDAG seems to have a strong presence online, with some users admitting that they are active and open to welcoming newcomers, while others think that the team is trying to create too much hype, as their updates are not clear enough. They appear to be sharing regular updates on their social media channels (X, and Telegram), but it’s important that you look closer to see if the interactions are coming from real people and not bots.BlockDAG User Reviews: Real Investor Feedback and Complaints
How to Buy BlockDAG Crypto Safely
If you’re interested in buying BlockDAG, the official site explains how to buy with its How to Buy Guide. The project also accepts payments through credit cards and Apple Pay. However, it’s still smart to be careful and double-check everything before you hand over any money.
Regulatory Risks and Warnings of BlockDAG
While BlockDAG has a lot working for it, there are still some red flags that investors need to be wary of before committing any funds, including:Unverified Presale Fundraise
Compliance Uncertainty (KYC & AML)
Jurisdiction and Regulatory Exposure
Not Risk-Free Despite Legal Operation
BlockDAG Roadmap – Are They Delivering on Promises?
No. To date, the company hasn’t delivered on its promises. BlockDAG outlined a roadmap for upgrades, performance, and partnerships, and teased a June 13 launch. It broke those commitments repeatedly, hurting credibility. Example: a May 11 tweet said the presale would end and an exchange would be revealed in the “FINAL 48 HOURS.”
Here’s a quick breakdown of what they planned and have done so far.
| Phase | Planned Milestones | Actual Progress |
|---|---|---|
| Phase 1 (Completed) | Core blockchain and Testnet launch (Jan–Nov 2024). Explorer, Faucet, and Alpha Testnet live. | Fully completed by Nov 2024. Core blockchain, Explorer, and Testnet are all functional. |
| Early 2025 | Third-party security audits, blockchain, and Explorer improvements, Miner Visualizer. | Security audits by Halborn and CertiK were completed; performance and UX updates were released. |
| Mid 2025 | Fee customization, mining reward adjustments, wallet integrations (Trust Wallet, Plus Wallet). | Wallet interoperability and mining tools updates are in progress; some features are under testing. |
| Late 2025 | DeFi integration (stablecoins, swaps, staking, lending), low-code IDE, launchpad tools. | DeFi tools and wallet features are in development, and Testnet trials are ongoing for swaps and lending modules. |
| Mainnet Launch | Final security audits and full Mainnet launch. | It was set for June 13, 2025, but it got postponed to late February 2026. So far, it has only launched another testnet version (Awakening) in September. Other than the long-lasting presale, the team has been announcing milestones and sharing updates through AMAs and developer notes. |
Beyond the drawn-out presale, BlockDAG has publicly missed promised exchange listings and launch dates. The team still posts AMAs and dev notes without a delivery guarantee. It even posted a “Binance AMA,” but many participants were on the whole disappointed by the lack of substance.
While DeFi tools and the token launch remain in pre-mainnet development, these repeated delays have significantly weakened confidence in their execution.
Is BlockDAG’s price likely to rise?
So far, BlockDag’s price has stayed in the presale range, with early-stage tokens selling for a fraction of a cent. Its fundraising success shows strong interest but doesn’t guarantee future performance. For possible future scenarios, you can take a look at our BlockDAG price prediction page.
When the token is launched and listed on exchanges, investor sentiment, market conditions, and overall demand will play a big role in the coin’s price changes.
If we do enter a bull market, BlockDAG could benefit from increased buying pressure, but that’s very speculative, so be careful.
Final Verdict
VERDICT: BlockDAG is currently considered high-risk because of the repeated launch delays, unclear fundraising transparency, and growing concerns.
BlockDAG has a lot going for it: a visible team, a transparent whitepaper, strong audits, and a clear roadmap. These are positive signs that BlockDAG is trying to build something real.
But it’s not perfect. Negative reviews with some people calling it a scam exist. It’s also registered in a jurisdiction with less strict rules, and there has been no official exchange listing yet.
If you want a more secure project that has been following its roadmap while growing strong, we recommend Bitcoin Hyper. This L2 solution aims to enhance the Bitcoin network while keeping transaction fees. Currently available at $0.013445, HYPER offers early investors a high staking APY of up to 39%.
Frequently Asked Questions
Is BlockDAG a legitimate project?
What is the utility of the BlockDAG token?
Is BlockDAG audited by a third-party security firm?
When is BlockDAG expected to launch?
Has BlockDAG been associated with any scams or controversies?
Are BlockDAG influencers or ambassadors credible?
Is it significant that BlockDAG is postponing its launch repeatedly?
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