In the classic 1967 film The Graduate there are many memorable scenes and memorable dialogues. One scene sticks out:
Mr. McGuire: I want to say one word to you. Just one word.
Benjamin: Yes, sir.
Mr. McGuire: Are you listening?
Benjamin: Yes, I am.
Mr. McGuire: Plastics.
This week, Elon Musk, was Mr. McGuire, and we, the Benjamins, were listening. However, instead of the word plastics, Musk tweeted the word literally.
The Tesla CEO and SpaceX chief tweeted at 8:00 AM ET and within just two and a half hours, the value of Dogecoin leaped 25%.
Originally created as a joke in December 2013, Dogecoin was co-founded by IBM software engineer Billy Markus from Portland, Oregon, and Adobe software engineer Jackson Palmer, who set out to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin.
Unlike Bitcoin, there is an unlimited supply of Dogecoin. Unlike Bitcoin, Dogecoin isn’t really taken THAT seriously (except when Musk tweets about it). However, the introduction of Dogecoin Cash – https://www.dogecoincash.org/ adds an interesting twist.
What is Dogecoin Cash and Why You Need to Know About it
BOTS, Inc. (OTC: BTZI) (GERMAN EXCHANGE: M06.SG), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry announced earlier this month that BTZI’s incubation client Tipestry, together with its affiliate partner Dogecoin Cash Public Benefit Corporation, has developed the new DeFi token Dogecoin Cash.
Described as The People’s Currency, Dogecoin cash is available on the Ethereum and Binance Smart chains and combines the benefits of DeFi (decentralized finance) with the meme power of Dogecoin.
Dogecoin cash also features decentralized staking (https://www.stake.dog), allowing owners to deposit their Dogecoin Cash through Ethereum wallets like MetaMask and earn up to 20% interest per year for supporting the network.
DOG is an ERC-20 token compatible with Ethereum wallets and also available on Binance Smart Chain as a BEP-20 token. It has a fixed supply, (unlike dogecoin) with no inflation, capped at 128,275,738,389 DOG.
It is also possible to earn and tip DOG on social media platforms like Tipestry giving the coin some intrinsic value. Tipestry awards Dogecoin to its members for receiving upvotes on their posts, participating in contests, and referring friends to the platform.
As of early February 2021, over 1 million DOGE has been earned by Tipestry users worldwide. Now, with the addition of Dogecoin Cash to the platform, Tipestry can enhance its rewards offering to the community.
However, the fact that is available on DeFi apps including Uniswap gives Dogecoin cash a chance of longevity and use.
One to watch out for!
Meowcoin looks interesting