What is Dogecoin? And why it is Tesla CEO Elon Musk’s favorite cryptocurrency? Was that tweet just a late April fools joke? Everyone knows that Elon Musk is a legendary figure when it comes to Technology that includes cryptocurrency as well.
Therefore, having Dogecoin’s official twitter handle mentioning Musk in their April fool’s joke wasn’t a surprise. Whether this was a joke or not, who knows? Nevertheless, let’s take a look at what Dogecoin is and why one may name it their favorite Dogecoin.
What is Dogecoin?
There are so many cryptocurrencies coming up every single day now that it’s not even funny! Or is it? Dogecoin is a cryptocurrency that many see as a joke that came about because of the “doge” meme. However, Dogecoin is defined as a peer-to-peer blockchain-based cryptocurrency.
Dogecoin has managed to get a capitalization of one billion dollars, and it has built a very friendly community; this is something that differentiates it from other cryptocurrencies with potential (take a look at our top cryptocurrency picks for this year here ).
The Dogecoin community has been part of some charity case such as; when they helped people in Kenya by raising thirty thousand dollars for a well to be built in the Tana river basin.
They also raised fifty thousand dollars to assist in getting the Jamaican Bobsled team to the 2014 Sochi Winter Olympics. Moreover, the community has also supported some of its members that had been hacked or got into such kind of trouble.
Dogecoin Features and Benefits
1. Dogecoin is a simple decentralized platform where you can trade and exchange value with its token.
2. The coin is built and developed based on the cryptocurrency called Luckycoin which also originated from Litecoin and runs the proof of work protocol. This means that one can only mine Dogecoin using a computer and not ASICs.
3. It has faster confirmations and transactions with a block time of 1 minute compared to that of its mother crypto, LTC which has a block time of 2.5 minutes.
4. It, therefore, takes less energy to mine Dogecoin.
5. The coin has managed to develop a status as a tipping system in different categories such as; Reddit that uses the Dogetipbot to tip users in Dogecoin, and so many other apps like.
6. In 2015 the reward system was changed from random to fixed; from anyone gaining a block reward of up to 100 000 coins to 10,000 coins.
7. Because of the low value of one single coin, the charges are much lower than those of other cryptocurrencies; that normally charge you for remittance or spending and other such transactions.
The Future of Dogecoin
Dogecoin is a cryptocurrency that has some potential to grow; I mean it offers easy trading and low charges, who wouldn’t want that? Furthermore, if we look at its production rate, it was the highest rate in its initial phase; and in the years to come it is anticipated to have more value.
Moreover, to add on to these positive features, another thing that makes it more popular is the famous Doge meme. Last but not least being accepted as an official way of tipping people on social media is a big deal.
So as for the future of this coin looking at the bright side is not so bad; and if you did not see our previous article on the dogecoin price, you could check it out here.
What is Moon Dogecoin?
Do you know Moon Dogecoin is a dogecoin faucet with a difference? Mostly a mini Bitcoin all the time associated with play and win games or Bitcoin mining. It depends on you how often you claim the dogecoin faucets.
However, the majority of the faucets let you claim only once in an hour or once in a day. Moon Dogecoin, on the other hand, allows you to claim as frequent as you want. Gradually, the faucet will fill up.
Start counting from seconds to minute and minute to an hour, the faucet keeps on increasing pretty fast. So, the longer you leave the faucet, the more you will be able to claim at a high level of moon dogecoin.
Every 5 minutes, you might prefer to claim a smaller amount. On the other hand, every 1 to 5 hours, you may even claim bigger and better. The choice is all yours!
The moon dogecoin can easily be converted to Bitcoin by using the coinpot.in wallet.
How Your Earning Does Pay?
According to the 6th July 2017, all of the payments from Moon Dogecoin are made right away directly into your CoinPot account.
Why Cannot You Make a Faucet Claim?
Do you know why do you have troubles making a faucet claim?
Well, it’s true that you might have problems making a faucet claim on Moon Dogecoin for one of the following reasons;
Moon Dogecoin is dependent on the revenue from displaying adverts. If it is detected that you have blocked adverts or they are not showing in your web browser, then you will be prevented from making a faucet claim.
Here, in the image below, you can see the positions of adverts that are displaying recently. There must be something blocking if any of the adverts are not showing on your browser or device. It might be an ad-blocking browser plug-in or extension. If so, the kindly disable the ad-blocking software or extension and add the page to the exception list. After that, the Moon Dogecoin problems might be cleared.
Is it Possible to Advertise on Moon Dogecoin?
Of course, yes! Possibly, there are various advertising spaces available directly for Moon Dogecoin. Such as CPM/CPC at Mellow Ads (200px x 200px).
Although Dogecoin started as a joke, it has developed into a popular cryptocurrency on the market today.
The coin may not be aiming to significantly change the world of cryptocurrency with new technological features and so on; however, it does have a successful community that is friendly and welcomes everyone with open arms. The Dogecoin community is the most valued attribute that sets it apart from all other cryptocurrencies. And it is the dedication of its community that will drive it to the top.