To All Those New to the DOGE community 🐕 The Dogecoin Values
A message from the DOGECOIN community:
Things to be aware, know of, and DOGECOIN values to have in mind to all those new to DOGE
🐕 Doge has a meme mascot and a meme loving community, but Doge itself is not a meme but a very meticulously thought out transactional currency
Doge’s biggest asset as a coin is not having a set cap but rather soft cap inflation allowing full adoption long term as a currency without infinite growth in price per coin once in full adoption (imagine having to pay .000000000000000000000069 for a big mac)
Doge is the people’s currency. It’s developed by doge fans getting paid(a small amount) in doge, thru an incentivized open-source model. It has no central authority and no coins were allotted to the creator(@BillyM2k on twitter) meaning no whales or corporations can control it.
🐕 Doge is only a strong as its community. For doge to work the mission needs to spread and doge hodlers need to demand companies allow us to pay with it and spend there when they do, so the next company sees financial incentive.
🐕 Doge is about spending not hoarding. Unlike other deflationary cryptos, Doge is meant to actually be spent. If you want this thing to work you gotta actually spend some of it and just buy more, BUT NEVER SELL! https://shopdoge.xyz/ is a good place to find places that accept doge.
🐕 For those investing in shitcoins, be wary. Doge has survived not because of the meme, but because of the mission. Coin bashing isn’t what doge is about and I’m not looking to do so, but a lot of newcomers are getting involved with hype coins many of which serve no utility and simply ride off the fact that many misunderstand what doge is and think it made to where it is simply off being a meme with a low price per coin. The coin price is just market cap divided by total supply so don’t be fooled by low coin prices. And remember even if you’re making money now a lot of these coins are pump and dumps for not only those investing but the creators holding large supply waiting to dump once the price goes up enough. Invest in what you believe in, but use caution and do careful research beforehand as I’m afraid many will get hurt by many of these coins.