$DOGE
native asset
Layer 1 Meme Coin with Community-Driven Utility ÔÇö $DOGE
$DOGE is the native token of Dogecoin, a peer-to-peer, open-source cryptocurrency created in December 2013 by Billy Markus and Jackson Palmer as a satirical play on the hype around Bitcoin. Initially a joke based on the “Doge” memeÔÇöa Shiba Inu named KabosuÔÇö$DOGE quickly built a devoted community. It operates on a lightweight Scrypt-based Proof of Work chain with 1-minute block times and an uncapped annual inflation of 5 billion coins.
Use Case: $DOGE is widely used for tipping content creators, micropayments, charitable causes, and as a cultural bridge between social media and the broader crypto ecosystem.
Key Concepts:
- Meme Coin ÔÇö Born from internet culture, rooted in humor and community.
- Community Fundraising ÔÇö Powered charitable campaigns and viral support causes.
- Low Fees ÔÇö Fast, cheap transactions ideal for micro-payments and social tipping.
- Inflationary Supply ÔÇö Uncapped supply with 5B DOGE added yearly.
- Scrypt PoW ÔÇö Uses the Scrypt mining algorithm for validation.
Summary: $DOGE represents a rare blend of memetic value, grassroots enthusiasm, and functional peer-to-peer utility. While it began as a parody, Dogecoin has endured as a cultural icon and transactional currencyÔÇöbridging crypto with social media virality and retail adoption.
| Feature | Details |
|---|---|
| Launch Date | December 6, 2013 |
| Consensus | Scrypt-based Proof of Work |
| Block Time | 1 minute |
| Supply Model | Inflationary ÔÇö 5 billion DOGE/year |
| Core Utility | Tipping, payments, viral campaigns |