Connect with us

Blogs

The origin of the Doge: Everything a Shiba should know about the meme that made billions

Published

on

Doge

Although Dogecoin started off as a joke, the Shiba Inu based cryptocurrency has grown into a fully fledged peer to peer digital currency with a worldwide fan base of Shiba Inus. According to knowyourmeme.com, Doge is actually a slang for “dog” and its use of a misspelled word (d-o-g-e) actually dates way back even before Bitcoin came to fruition.

Where did the word Doge come from?

The first time the word ‘doge’ was used online was in June 2005 after it was mentioned in an episode of Homestar Runners (a long-running web-based puppet show based on a children’s book). In the episode, ‘Biz Cas’ distracts ‘Strong Bad’ from completing his third-quarter projection analysis spreadsheet project when he comes into the room and calls him his “Doge”.

Later in 2010, a Japanese kindergarten teacher posted a photo of a Shiba Inu dog she had rescued and adopted. The same photo was identified as the origin of the Dogecoin meme that later got popular online to become the mascot for the Dogecoin.

Dogecoin: focusing on charity and community

As you can see, Dogecoin was mostly created as a shits and giggles cryptocurrency that was meant to attract any lighthearted individual looking to have fun while donating to charity projects using cryptocurrency. However, in 2013, Dogecoin’s vision became pretty clear and what started out as a silly endeavor has over time turned into a serious project that is being used as internet money.

Dogecoin was built to be a community-driven cryptocurrency and the meme really helped spread the word about what Dogecoin was all about. In fact, it is this popularity that enabled the Dogecoin community to fund some worthy charity projects. These included a donation to Kenya’s water crisis back in 2014 and another partnership with a charity organization dubbed “Shibes for socks” to mention but a few.

Beware of scammers

Basically, even though some crypto enthusiasts have criticized Dogecoin for its lack of a clear technological standpoint, the coin has been the friendliest altcoin for beginners as it’s easy to use and requires zero technical know-how to understand its purpose. Plus the Dogecoin community is made up of individuals whose main purpose is to only do good as indicated on the Dogecoin Reddit page.

But let’s face it, Dogecoin’s journey has not all been smooth sailing. The coin has seen its own fair share of controversy. For instance, as more and more good intentional people have thrown money towards charity projects using the parody coin, the value of  Dogecoin ( in the hundreds of millions) now has become like a drop of blood in the ocean that has attracted sharks in the form of a bunch of scammers. There have been constant reports of scammers taking advantage of the Dogecoin community sometimes even getting away with millions. The good news is that the Dogecoin community (especially on Reddit) has been really supportive of its members, to extent of donating some Dogecoin to those who had fallen victim to the scammers.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of iamhenry via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

Continue Reading

Trending