DOGE FAQ — The Meme Coin That Went Mainstream

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1. What is Dogecoin?
   Dogecoin (DOGE) launched in December 2013 as a lighthearted meme-based alternative to Bitcoin. It’s an open-source, peer‑to‑peer cryptocurrency featuring the iconic Shiba Inu dog from the "Doge" meme.
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2. Who created it?
   Dogecoin was created by software engineers Jackson Palmer (Adobe) and Billy Markus (IBM), as a playful rebuttal to the crypto hype of the time.
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3. What makes DOGE different from Bitcoin?
   Unlike Bitcoin’s 21 million coin cap, Dogecoin has no supply limit. Instead, it adds about 5 billion DOGE each year, making it highly inflationary. Transactions are also faster (1-minute block time) and super low cost.
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4. What is Dogecoin used for?

   Tipping & micro-payments: Popular on Reddit and Twitter for rewarding content creators.

   Charity & promotions: The community funded causes like the Jamaican Bobsled Team and water projects in Kenya.
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   The fun "Dogecar" even raced in NASCAR.

   Recognition from celebs and companies like Tesla helped push its adoption further.
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5. Is Dogecoin serious or just a joke?
   Though it began as a joke, Dogecoin has evolved into a widely-recognized digital asset with real use cases and a passionate community behind it.
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6. What influences DOGE price?

   Elon Musk. His tweets and comments have led to massive price swings. In early 2021, a single mention from him sent DOGE soaring ~40%!
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   Experts warn that such influence makes DOGE volatile and risky long-term.
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7. Is Dogecoin a scam or regulated?
   Legally, DOGE treads a grey area. The SEC may treat it as a security, while the CFTC could consider it a commodity.
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8. How can I buy or store DOGE?
   DOGE is available on major crypto exchanges like Coinbase, Kraken, and Binance. You can hold it in any compatible crypto wallet.
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9. What are the risks?

   Infinite supply = inflation, limiting long-term value growth.

   Price-driven by hype and celebrity influence = high volatility.

   No smart contract capabilities and limited utility compared to newer blockchains.
   Investopedia
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10. Why has DOGE remained relevant?
    Because of its community-powered appeal, cultural meme status, charitable roots, and accessibility. It remains an emblem of fun, crypto culture, and surprisingly, utility.
    Wikipedia
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TL;DR:
Dogecoin — from meme to mainstream, with memes and generosity at its core. It’s quick, cute, and community-driven—but highly speculative.

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