Fundraising Schedule

Date Raise Coins Sold FDV (19.9 M coins) Use of funds
2022 - Sept/Oct $ 3 million 150 / 550 kc $ 418 M ; (21 $/c) Create great software, solve crypto’s biggest problems (scale, privacy, etc). Test, optimize, debug. Refine UX. Hire great devs and organize hackathons.
2025 - Oct/Nov $ 5 million 300 / 550 kc $ 597 M ; (30 $/c) Influencer education round. Teach influencers and give them skin-in-the-game. Use $ raised here, for: domain names, ads, promotion, and building momentum into the crowdsale round.
2025 - Dec $ 8 million 550 / 550 kc $ 637 M ; (32 $/c) TokenSoft* Crowdsale. Goal: get the coin into as many hands as possible – we target $8 M, but will settle for whatever $ the market will bear.
2026 - March none none Market Price Project launches – all 19.9 M coins become liquid. (We wait from Dec to March, in order to catch last minute bugs and build awareness via worth-of-mouth.)

Past Timeline

Date Event & Significance
2015 - Nov Drivechain blog post first published by Paul Sztorc.
2016 - Sept Paul’s huge 9 hour presentations “Sidechain Privatization” and “Sidechain Risks”
2016 - Oct Paul Sztorc presents “sidechain scaling” at Scaling Bitcoin III in Milan.
2017 - Jan Paul publishes “Blind Merged Mining” and launches drivechain.info.
2017 - June Luke Dashjr writes to the “bitcoin-discuss” mailing list, theymos stickies this post to the top of /r/bitcoin for two weeks.
2018 - Feb Drivechains formally introduced as BIP drafts.
2019 - Jan Launch of DriveNet—an experimental Bitcoin Core fork with GUI to activate and use sidechains.
2019 - Sept Official BIP numbers assigned: BIP 300 / BIP 301.
2020 - Sept DriveNet v34.01 released, perfecting the withdrawal logic (and thus “finishing” the protocol).
2021 - June zSide (a zcash-based Drivechain sidechain) and the Melt/Cast UX GUI are released.
2022 - Oct Paul clones Ethereum alongside zSide.
2022 - Dec Paul founds LayerTwo Labs to accelerate Drivechain and related Bitcoin layer-2 projects.
2023 - Aug Luke Dashjr submits a BIP 300 implementation PR to Bitcoin Core, reigniting debate.
2023 - Sept Widespread debate and increased discussion.
2024 - June Paul publishes “CUSF” - a way of doing softforks without changing Bitcoin Core.
2025 - May L2L releases “Drivechain Launcher”, “BitWindow”, and a custom private SigNet to test Cusf-Bip300.
2025 - Sept Mainnet test (920,000 Bitcoin Core blocks) of Cusf-Bip300.