A popular meme coin project has donated the million-dollar token to the network’s wallet developer and is confidently moving forward to become the “people’s cryptocurrency”.
Dogecoin Foundation donates million DOGE
Dogecoin wallet developer MyDoge has recently donated a large amount of DOGE coins to the Dogecoin Foundation. The Dogecoin Foundation used the platform Twitter to announce the generous tip of approximately $140,000 it received from MyDoge. MyDoge posted the following on its official Twitter account:
Thank you @MyDogeOfficial for this incredibly generous 1,000,000 Dogecoin tip! It was incredible to see the community re-energized last year and projects like yours emerging. We love everything you do!.
According to MyDoge, donation is DOGE’s public currency was made as part of an effort to become
Can meme coin/tokens become public cryptocurrency?
Recently, Dogecoin has become the public currency after its widespread adoption in various parts of the world. The popular meme coin, which started as an internet prank, debuted in 2013 and has been adopted as a payment and investment tool. Dogecoin (DOGE) also gained the support of popular names including Tesla’s Elon Musk and current owner of NBA team Dallas Mavericks Mark Cuban.
Many people dream of the day when Dogecoin will eventually become the people’s currency While Robinhood co-founder Vladimir Tenev highlighted some key points that cryptocurrency developers need to develop to make this goal a reality. According to Tenev, Dogecoin developers need to improve the transaction block size by up to 10GB to allow DOGE to compete with the top payment network Visa. As quoted by
Kriptokoin.com, Tenev also added that crypto developers need to find a fixed aggregate supply for the cryptocurrency to increase the value of the token. Meanwhile, Tenev’s proposal did not suit the former CEO of Twitter, Jack Dorsey, and caused an exchange of words between them.
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