I'm happy for any shibe to copy-paste these answers, and I think they resolve 99% of queries about supply. This amounts to 3.9% supply inflation in 2021, and every year it gets lower, but it never gets to literally 0%. It looks like we have broken through the 9 cents resistance level. Doge's new supply is fixed eternally at 10k per block. Dogecoin is about to hit 0.1, what do you think 115. It is not like fiat which lacks a cap because the supply can be adjusted at any point. We are trending on Twitter AGAIN, with a massive 5.97M mentions This time, Floki is sharing the stage with Binance, Altseason, KuCoin, and Dogecoin. I dont have a passport or drivers license. May I know, what type of Id is accepted for verification Ive already tried my Philhealth ID and TIN ID but no success. Therefore Dogecoin is a deflationary coin.Įlon Musk expressed this point succinctly when he wrote: "Doge appears to be inflationary, but is not meaningfully so (fixed # of coins per unit time), whereas BTC is arguably deflationary to a fault."Īnswer: Dogecoin has a cap, and that cap is 10k per block. I just created my binance account and I want to verify it but it always fails with a message of 'Invalid document type'. At some point (and maybe already) these lost coins will outweigh the new supply. There are always coins lost due to abandoned dust and lost keys.Over time new supply eventually would fall to an arbitrarily low value (0.0000000000001% per year, etc) but can never reach exactly 0%. Hello I just used my margin account on Coinbase to borrow more Dogecoin at 0.35 (I had 5200doge I borrowed 9000doge), my question is : When I want to repay my debt to Coinbase I will have to give back the 9000dogecoin lets say at 1.Dogecoin supply inflation is currently 3.9% per year, and it falls every year.I provide an explanation which is a little simplified and geared toward newcomers.įor people who say Dogecoin is "unlimited" or "permanently inflationary" Perhaps it can help if we reframe things a little and have a simplified and clear explanation that doesn't provoke counter-questions. I'm keen to try to help find a way to help Patrick and others get more sleep and not need to explain obvious stuff to people. DOGE price is updated and available in real time on Binance.Here is the explanation by u/CEO_OF_DOGECOIN that you should read: Primarily designed to provide a light-hearted means of communicating the basic function of cryptocurrency to mainstream audiences, Dogecoin is based on the “Doge” Shiba Inu meme. Dogecoin, however, offers no specific use cases - DOGE was a collaborative effort by the crypto community and is now listed on most major exchange platforms.ĭogecoin was originally based on Litecoin and was launched in 2013. The launch of Bitcoin in 2009 catalyzed the creation and launch of many different cryptocurrencies, each offering different use cases and functionality. She defended Binance's compliance efforts and suggested that if Binance is deemed non-compliant, then most other global trading platforms would also be non-compliant. Dogecoin was envisioned as an entry for the less experienced to become involved in the crypto industry. TL DR: Binance co-founder Yi He believes that regulation in the crypto industry is inevitable and mostly positive. This was because of limited resources as well as technological experience. It was expressed by the founders that the oversaturation and difficulty in mining Bitcoin from the time of its creation to the start of Dogecoin, made it difficult for the common person to participate in the mining process. So I guess its just a risk for everyone once it comes time to cash in the when I sell my doge into btc, I just have to hope there isnt a sudden crash in btc worth between the time I sold DOGE to BTC and then converted the BTC to CAD. Co-founders, Jackson Palmer and Billy Markus, two software engineers by professional background and experience, wanted to make cryptocurrency accessible to individuals outside of Bitcoin. Yeah I used shakepay to buy bitcoin and then sent to binance to buy DOGE with the BTC. There is also a serious basis and reason for the creation and development of Dogecoin. I hope someone could guide me in the right direction, thanks P.s. Im using Binance as my marketplace and I dont have a Wallet besides on Binance just yet. I got a small question I hope some of you can help me with. Over time, however, Dogecoin has grown into a large blockchain network and is one of the most popular altcoins available in the market. DOGECOIN as donations on Twitch (Binance) Question. Dogecoin (DOGE) is a novelty cryptocurrency originally launched as a “memecoin” within the cryptocurrency community.
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