Dogecoin Group Works to Give Currency Greater Purpose

8/19/2021

Markets

0 min read

“Do Only Good Every Day” – Guiding Purpose of Doge Manifesto

Does your crypto have ambassadors? New leadership decided not to let the long-sleeping Dogecoin Foundation lie. It just announced a new team of leaders, including some big names in the space that have signed a manifesto designed to give the digital coin greater purpose.

What is the Dogecoin
Foundation?

The original Dogecoin Foundation (DF), was a nonprofit founded in 2014 with the goal of supporting the cryptocurrency by providing advocacy and trademark protections. It was dissolved years ago — A new incarnation was announced this week (8/17), and it has very lofty objectives for the brand and Doge movement. In the announcement, it was stated DF would be reestablishing itself to support the Dogecoin community and promote the future of blockchain. It mentioned new projects in the coming weeks to encourage the adoption and usefulness of DOGE “that increase Dogecoin uptake at a grassroots level.”

In order to allay fears, DF also made this clear: “The Foundation holds the Dogecoin mark and the Dogecoin Logo and will maintain them for the community,” “…this will mean the foundation can continue to protect the Dogecoin Brand and allow (under a very liberal license) the ability to use it for Dogecoin-related memes, projects, and fun. — We’ve got your back on this one.”

The foundation members, have all signed a Dogecoin Manifesto and welcome others to add their “signature” of acceptance as well. The manifesto relays four objectives against which to make decisions, they are:

Source: The Dogecoin Manifesto

Dogecoin Ecosystem Growth

The DF says it is also looking to the future of the broader Dogecoin ecosystem. In the coming weeks, it expects to be announcing new projects designed to complement the current Core Wallet and enable faster integration and easier APIs for Financial, Social and Charitable projects wishing to use Dogecoin. The announcement reads, “We believe that the success of Dogecoin is through broad global adoption and utility, and intend to focus on projects that increase Dogecoin uptake at a grassroots level.”

Participating in the foundation at various levels is the sometimes Doge-loving Elon Musk, also co-creator of the currency Billy Markus, Vitalik Buterin from Ethereum, and the financial advisor to Elon Musk, Jare Bitchall. The new Foundation trustees consist of five current Dogecoin developers and digital-community veterans, Jens Wiechers, Gary Lachance, Michi Lumin, Ross Nicoll, and Timothy Stebbing.

Take-Away

The cryptocurrency that began the year below a penny, usually grabbing most of its attention through memes and even some Elon Musk tweets, has a foundation driving a more solid purpose for the currency. Currently exchanged at $0.305 many speculators have watched their gamble transform from an awkward little puppy to having much greater teeth. It would seem with the support and direction provided by this new foundation, that Dogecoin may become one of the stronger survivors over time.

Suggested Reading: