The Chinese year of the dog is 2018, and because of that we’re going to look into dogecoin, An old time is that’s still kicking.
The fun coin
The creator of dogecoin is the programmer Billy Markus from Portland, Oregon, He created it as a coin to make fun of cryptocurrencies, back in December 2013 and it was introduced at the 6th of December that year. As of January 2014 is breached market capitalisation of 60 million US dollars, And back then quickly gained a big community. Initially, dogecoin had a fast coin creation by mid-2015 there was 100 billion dogecoin created, With an additional 5.256 Billion coins created every year after that. This can be seen as one of the ways Billy Markus Intended to make fun of cryptocurrencies by showing how quickly you can create coins but it can also see in as an attempt to gain a swiftly spreading of the currency. No matter how you look at it, the coin is here now with a strong and growing community. A community that wants dogecoin to the moon and beyond right now. So it will correlate with the Chinese year of the Dog, and it might be the Year of the Dogecoin to shine.
And just as every coin has, it’s own specialisation one of the specialities of dogecoin is charity. Back in 2014, the community managed to raise $50,000 to the Jamaican bobsled team so they could participate in the winter Olympics it might sound a bit cliche to support the Jamaican bobsled team, But as someone who has seen The movie “Cool Runnings” Too many times I find it a worthy course.
And on the 25th of March dogecoin community successfully raised $55,000 for NASCAR driver Josh Wise And got him to drive with a Dogecoin/Reddit-sponsored paint scheme at the Aaron’s 499 at Talladega Superspeedway.
Inspired by the Winter Olympics fundraiser and smaller charity fundraising successes, the Dogecoin Foundation, led by Eric Nakagawa, began collecting donations to build a well in the Tana river basin in Kenya cooperating with Charity: Water. They set out to raise a total of 40,000,000 dogecoins ($30,000 at the time) before World Water Day (March 22). The campaign succeeded, collecting donations from more than 4,000 donors, including one anonymous benefactor who donated 14,000,000 Dogecoin (approx. $11,000).
And right now on Reddit, two charities are running which is #DogecoinMilkForEveryOne and #DogecoinSocksForTheHomeless The hashtags are pretty self-explaining, but that just shows that the community of dogecoin is a community that cares.
Besides being an excellent charity coin, Dogecoin has excellent uses and the fact that the currency is capable of microtransactions. Personally, I have been using the coin to support some of the content creators I like, with a microscopical amount of money but every drop counts, and that is why we have also set up a Dogecoin address for our donations so feel free to leave a little doge so we can continue creating good content. Besides that, I have found different Online retailers Accepting Dogecoin one of them is Genesis mining, and if you use our 3% discount code (9fqezM), you’ll get an even better price on your next mining purchase.
Due to the low value of individual coins the transaction fees I usually very low even for transferring a significant amount of that kind, so it’s also an excellent alternative for wire transfer bitcoin transfer between two people.