Created in 2013 by software engineers Billy Markus and Jackson Palmer, Dogecoin has been in the headlines for a few months. Thanks to Dogefather Elon Musk.
The CEO of SpaceX and Tesla has voiced out his liking towards Dogecoin several times on Twitter. In fact, he is the propeller behind the Dogecoin price rise.
Last month, Elon Musk announced that SpaceX would accept the cryptocurrency Dogecoin as payment for the “DOGE-1 Mission to the Moon” in the first quarter of the following year. Canada’s Geometric Energy Corporation will develop the satellite, and it will be flown onboard a Falcon 9 rocket in the first quarter of 2022.
As of writing this article, Dogecoin has a market capitalisation of $48 billion (approx £34 billion), according to CoinGecko.com. You can love or hate the Doge, but you certainly can’t ignore it.
In the latest development, Dogecoin went live on Coinbase Pro last Thursday. Coinbase is hosting a giveaway where it is giving away $1.2 million worth of Dogecoin to celebrate the listing.
To be eligible for the giveaway, you have to opt-in and then buy or sell $100 in DOGE on Coinbase by 06/10/2021 for your chance to win. It’s worth noting that, limit one entry per person.
According to Coinbase, One winner will be awarded $300,000; 10 winners will be awarded $30,000 and 6,000 winners will be awarded $100 — all in Dogecoin.
How to enter the giveaway?
Step 1: Sign in to Coinbase. If you don’t have an account, create one.
Step 2: Opt into the sweepstakes. Once you opted in, you’ll get an email confirming that you’ve successfully opted in after about 24 hours.
Step 3: Buy or sell $100 or more in DOGE on Coinbase between 3rd June to 10th June. You can trade all at once or a little at a time. But make sure you trade $100.
Step 4: Once you opt-in and trade, you’ll be automatically entered to win.
As per Coinbase, Winners will be notified around June 17 through their registered email address. You can opt-in by clicking here.
Coinbase’s previous developments
In other news, Coinbase has announced that it has integrated its Coinbase Card with both Apple Pay and Google Pay. The card added to the wallet can be used to buy everyday goods with digital currencies.
Coinbase Wallet extension
The company recently announced a new Coinbase Wallet extension to securely connect to decentralised apps (dapps) and decentralized finance (DeFi) on your desktop.
Once the user links the wallet account to the extension, they can browse all dapps with one click. This includes accessing thousands of cryptocurrencies, trading on decentralized exchanges (DEXes), earning interest, and collecting NFTs, says the company.
New Chief Policy Officer
Last month, Coinbase appointed Faryar Shirzad as Coinbase’s new Chief Policy Officer. He previously worked as Global Co-Head of the Office of Government Affairs at Goldman Sachs. As Chief Policy Officer, Faryar will engage with lawmakers, regulators, and other policy experts to realize crypto’s full potential to fuel a more equitable financial system along with job creation, GDP growth, and innovation.
For more crypto news
If you are interested in cryptocurrencies, we have created some fantastic content on how Shiba Inu is a Dogecoin killer?, how to buy the Dogecoin in the UK and some crypto tips to keep in mind before investing in Dogecoin, the eco-friendly alternative to Bitcoin — Chia, and how to buy Ethereum in the UK. Do check it out.
Editor’s note: At UKTN, we have just found out that Sweepstakes is open only to legal residents of the fifty (50) United States and the District of Columbia (excluding Hawaii). So we have also changed the headline and tweaked the story as per facts.