1. Dogecoin Started as a Joke, but the Code Wasn't
DogeCoin was originally created in 2013 by software engineers Billy Markus and Jackson Palmer as a joke to poke fun at Bitcoin and the wild speculation in cryptocurrencies. However, while the branding was humorous, the underlying code was based on Litecoin, making it a legitimate and functional cryptocurrency.
2. Dogecoin Once Sponsored a NASCAR Driver
In 2014, the Dogecoin community raised $55,000 worth of DOGE to sponsor Josh Wise, a NASCAR driver. As a result, his car featured a Doge-themed wrap in Talladega Superspeedway's race, making it one of the most unique sponsorships in motorsports history.
3. It Has No Maximum Supply
Unlike Bitcoin, which has a hard cap of 21 million coins, Dogecoin has an unlimited supply. This means that over 10,000 new DOGE are mined every minute, leading to inflation that prevents hoarding and encourages spending.
4. The Dogecoin Foundation Was Revived With Elon Musk's Advisor
After being inactive for years, the Dogecoin Foundation was re-established in 2021 with key figures including Vitalik Buterin (Ethereum co-founder) as an advisor and Jared Birchall, a representative of Elon Musk, suggesting Musk's indirect influence on Dogecoin’s future.
5. Dogecoin Was Used for Charitable Donations & Space Missions
The Dogecoin community has raised funds for various charitable causes, including:
$30,000 worth of DOGE to send the Jamaican bobsled team to the 2014 Winter Olympics.
$50,000 in DOGE to build wells in Kenya for clean drinking water.
In 2021, SpaceX announced a Dogecoin-funded lunar mission called DOGE-1, making DOGE the first crypto to fund a space project. #Dogecoin #MemeWatch2024