Fundraising Schedule
| Date |
Raise |
Coins Sold (of 500k) |
FDV (@ 20m coins) |
Use of funds |
| Oct 2022 |
$ 3 million |
140 kc (140/500) |
$ 420m (21 $/c) |
Create great software, solve crypto’s biggest problems (scale, privacy, etc). Test, optimize, debug. Refine UX. Hire great devs and organize hackathons. |
| Jan 2026 |
$ 5 million |
160 kc (300/500) |
$ 600m (30 $/c) |
Build initial community. Use $ raised here, for: ads, promotion, and building momentum. |
| Jun 2026 |
$ 6 million |
160 kc (460/500) |
$ 720m (36 $/c) |
Continue to build community, pre-launch. We may not fill this round, by August. |
| Aug 2026 |
n/a |
n/a |
n/a |
Project launches – all 20 M coins become liquid. (We wait from March to August, in order to build awareness via word-of-mouth.) |
So far, we are on schedule to launch in late August 2026. However, if necessary, there may be a one-time delay of 3 additional months, to late November 2026.
Past Timeline
| Date |
Event & Significance |
| 2015 - Nov |
Drivechain blog post first published by Paul Sztorc. |
| 2016 - Sept |
Paul’s huge 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, allowing ETH-contracts to run on top of BTC. |
| 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 - these were some of the most popular X spaces on crypto twitter (before it started dying). |
| 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. |