DOGE has returned 2,812 percent at the current value of $0.1280. Even if the price increases back to the all-time high levels, what are the practical uses of DOGE?
Elon Musk’s tweets praising DOGE are quickly followed by a wave of euphoria, his late-night commentaries about DOGE’s future have been driving forces in the market until now.
The DOGE community and its #Dogefather Musk have recently been working on raising the number of use cases and promoting expansion. For the digital asset to become the currency of Earth, Musk said in May that a “significant upgrade” was required.
Following up on this, Tesla CEO Elon Musk said that DOGE’s base layer transaction rate should be maximized while transaction costs are minimized.
What is the founder of DOGE saying?
Billy Markus, the co-creator of Dogecoin, says that the simplest use case of Dogecoin is tipping. He feels that this can help to spread happiness over the internet.
i'm tipping some back to the most prolific tipper in dogecoin history 🙂
— Shibetoshi Nakamoto (@BillyM2k) May 6, 2022
A Twitter bot that lets people give each other DOGE was used by Markus to tip DOGE to Kevin Rose, who is one of the most prolific DOGE tippers on Twitter. The bot allows people to give each other DOGE by using the microblogging service Twitter.
Markus proposed that to add utility to DOGE, more and more businesses should accept DOGE and it is used as a “tipping currency”.
It’s the “most pure use case that brings happiness,” according to Markus. Creating a Dogecoin/Ethereum bridge, as suggested by Markus, would allow it to be used DOGE on Web3 applications.
Musk responded to the comment stating that getting businesses to accept DOGE is “definitely” needed and that utilizing DOGE as a tipping currency is “nice.”
Musk’s contribution to cryptocurrencies
In the past, Musk has worked with cryptocurrency developers to strengthen the currency. The co-creator of DOGE has urged McDonald’s to take the meme-inspired cryptocurrency as payment, and he’s hinted that his company, SpaceX, which he also owns, may do the same in the near future.
Several of Tesla’s items, including the “cyber whistle,” “Giga Texas belt buckle,” and “cyber squad” four-wheeler for kids, accept DOGE payments on their website. Twitter may be able to accept DOGE as a form of payment, according to Tesla CEO Elon Musk.
Other adopters of DOGE
Gucci, a luxury Italian fashion house, joined Tesla last week in embracing DOGE payment methods as well. By the end of May, some of the company’s stores in the U.S. will be able to accept cryptocurrency payments. And by the end of summer, the program will be available at all of the company’s North American stores that are operated by the company. Gucci accepts both DOGE and SHIB as crypto assets.
Roger Ver who is known as “the Bitcoin Jesus. recently supported DOGE, saying it is “significantly better” than BTC itself, just last month.
The DOGE community was excited to find out if Tesla could begin mining the meme-coin, while Tesla and Elon Musk stand for environmentally responsible mining. Tesla’s rival Daymak has unveiled the prototype of Spiritus, a three-wheeled vehicle that will begin mining DOGE and other cryptos.
Dogecoin mining in a Tesla perhaps ? https://t.co/sMWXI2c18N
— DogeMan (@SporkleD) July 13, 2021
DOGE to the moon!
Geometric Energy Corporation [GEC] has announced the DOGE-1 Mission to the Moon. This mission will fly to the moon on a SpaceX Falcon 9 rocket. It will be the first commercial lunar payload mission which will be paid for by using DOGE as the financing currency. The flight is scheduled for 2022 itself