Wallet activities, airdrops, and strategic burns of coins are now critical in engaging users in the cryptocurrency realm. While Pi Network made it simple to mine on mobile devices and initially saw a price surge, it later faced significant declines.
Conversely, GateToken utilized its role in the trading platform to use deflationary strategies for user benefit, enhancing financial returns. BlockDAG has taken a different path by transforming the user wallet from a mere storage space to an active part of its Beta Testnet, emphasizing interaction, mining, reward tracking, and participation in developmental testing.
BlockDAG (BDAG) has prioritized wallet functionality and real performance metrics during its Beta Testnet, putting user experience at the center of blockchain development tests.
Pi Network: Advancements in Mobile Mining
Pi Network allows its users to generate digital currency through a mobile app, leveraging the Stellar Consensus Protocol to authenticate transactions efficiently without excessive battery drain. Originally, Pi coins were generated via this app and stayed within its ecosystem.
The Mainnet, launched on February 20, 2025, transitioned Pi Coin to being tradeable on various exchanges. At its peak, the coin reached $3.0 but fell to $0.51, marking a huge 82% decrease.
Despite these market shifts, Pi Network significantly grew its user base, increasing from 12 million KYC-verified users in June 2024 to 18 million by December 2024.
GateToken (GT): Role in Exchanges and Market Trends
GateToken, the core coin of the Gate.io exchange, enables users to enjoy reduced transaction fees and participate in special token sales among other benefits. Introduced in April 2019 at $0.40 per GT, it provided impressive returns, currently trading at an ROI of around 58.09 times against the dollar. Initially trading at $5.127 in early 2024, it climbed to $17.167 by year-end, a 300% rise.
As of March 2025, GT’s valuation exceeded $2.6 billion, positioning it among the top 50 cryptocurrencies globally. This growth is attributed to Gate.io’s strategy of periodic coin burns, reducing the total supply and thereby increasing the coin’s value. By the end of 2024, more than 31 million GTs were burned, worth about $190 million, reducing the circulating supply to less than 100 million tokens.
BlockDAG Beta Testnet: Elevating Wallets to Central Hubs
The “Primordial” Beta Testnet of BlockDAG centers on making the user’s wallet the main interface for all key actions— from receiving airdrops and tracking mining rewards to testing smart contracts and managing token allocation. In the initial 30 days, over 100 active wallets were scrutinized to assess usability, transaction smoothness, and real-time balance and testnet progress tracking.
Every participant in the presale automatically got 10,000 testnet coins, which are allocated over a three-week period seamlessly. The user-friendly dApp interface allows for easy monitoring of both unlocked and locked balances, simplifying the process for regular users and providing developers with valuable insights into changes triggered by smart contracts.
Moreover, incentives are tied to wallet activities. The top 10 wallets by transaction count, mined coins, and holdings each receive rewards worth $2,000 in BDAG coins—not testnet coins but real assets valued at the $0.05 initial offering price.
Significantly, this focus on the wallet is supported by substantial financial backing. BlockDAG has garnered $210.5 million from 27 presale rounds, with a current surge of 2380% since its first offering, and over 19 billion BDAG coins sold.
Ultimately, the wallet is not just for storing digital assets; it’s a comprehensive tool for navigating the entirety of BlockDAG’s Beta Testnet, designed for ease of use for novices and sufficient depth for tech-savvy users.
Wallets Reflect Genuine Value
While Pi Network emphasized mobile access and GateToken focused on exchange incentives, both platforms demonstrate that growth alone doesn’t ensure lasting value for users. In contrast, BlockDAG tests the essential aspects—how users interact, monitor, and directly benefit from their wallets.
By evolving the wallet into a visible, active layer of the network, BlockDAG not only moves beyond mere hype and passive holding but also sets a new standard in real-time engagement, usability, and transparency in blockchain networks. As these technologies progress, networks that position the wallet as a central functional element are likely to redefine user expectations going forward.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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