What is a Dogecoin?
Dogecoin is also popular with its alternative name, DOGE. It is popular with a Shiba Inu logo and a doge Internet meme. The reason behind the launch of this coin is actually based on a joke as an alternative coin to bitcoin. The coin is significantly increasing rapidly, and at present, the value of this currency is $34 billion.
In the year 2013, this open source currency was launched by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Moreover, the creators of this cryptocurrency state that the best feature of this currency is that it is a low risk and fun crypto coin. They believe that would have higher appeal beyond the hub Bitcoin audience because it is based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his go to crypto coin.
The crypto users are using the doge currency for various uses. For instance, a crypto user can use the Dogecoin for tipping system on Reddit. Moreover, there are various other use cases of Dogecoin as well, such as a doge holder can use the coin to reward the creation or sharing of quality content on Twitter.
Furthermore, a crypto user can get rewarded with a doge coin for contributing their quality participation in a cryptocurrency community. Other than this, a crypto user can also get a Doge coin from a Dogecoin Faucet.
Now you must be thinking that what is a Doge coin faucet? Well, a Dogecoin faucet is a website that awards the participants with a small amount of free Doge coin as a starting currency. The starting currency is for promoting the crypto users to initiate transactions and interactions with the Dogecoin communities.
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A crypto user who is striving to get or buy a dogecoin can opt for any exchange that offers cryptocurrencies Such as Binance.