Founders: B. Markus and J. Palmer
Cryptocurrency symbol: DOGE
Coin limit: Over 130 billion with a rate of 5 billion per year
Consensus mechanism: Proof-of-Work
Purpose: The fun cryptocurrency
Other: Based on Luckycoin and Litecoin blockchain. Can be used in DeFi by wrapping DOGE into a token through the Ren Project
Financial Products: No.
Dogecoin is what happens when you’re having fun messing around with crypto. DOGE could be called a satire coin. DOGE was founded in 2013 by Markus and Palmer by forking LTC. The cryptocurrency was based on a dog, a Shiba Inu, which is their logo.
DOGE is the native token on the Dogecoin blockchain. It has over 130 billion coins in circulation, with new issuance of 5 billion coins a year.
You can buy Dallas Mavericks tickets with DOGE, thanks to Mark Cuban’s open-mindedness about crypto. Elon is even going to send DOGE to Mars.
Dogecoin is considered a commodity by Canadian regulators. Any exchange of DOGE for products, services or other cryptocurrencies is considered a barter transaction by the CRA.
You can buy Dogecoin in Canada at Bitvo by clicking the orange Create a Bitvo Account button below. Or if you’re on Reddit or Twitter you can receive DOGE as a tip.
And DOGE can be wrapped into a token at the Ren Project so you can use it in select DeFi projects.
Click the button below and fill out the form and your KYC.
You can add funds in several ways, including Interac e-transfer
Once the funds are confirmed, open your trading screen and get started!
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