House of Doge, Arm of Dogcoin Foundation recently launched the “Dogoin” official reserve. This strategic initiative aims to enhance the Meme Coin benefit and its adoption as a viable currency.
The reserve was launched through a preliminary purchase of 10 million Dogecoin (Doge), which is currently estimated at $ 1.8 million.
Dogecoin Reserve: A step towards the future of payments?
In the latest press release, Beit Duj explained that one of its basic goals with the reserve is to process a long -term barrier of encrypted currencies: times of confirmation of slow transactions. Speed and efficiency have always been concerned about digital currencies, and often make them impractical for daily use.
“By maintaining a reserve, we can bridge the gap between the times of processing of transactions and ease of use in the real world, making Dogecoin very practical for daily purchases,” a member of the Board of Directors of Duj, Michael Galuro, He said.
The organization seeks to facilitate the instant and smooth Dogecoin transactions. This, in turn, will enable traders to handle payments quickly and reliably similar to traditional financial systems. It is worth noting that the average time for processing transactions in DogCoin is already about one minute, which makes it a competitive option for daily transactions.
The reserve is an important step to make Duji a more attractive option for companies, especially given the low transaction fees compared to traditional payment methods. according to bitinfochartsThe average transaction fee is currently 0.341 duches ($ 0.063). This makes it more expensive than the traditional banking and credit services fees.
House of Doge also emphasized the currency inflationary model as a feature of its benefit as a currency currency. Unlike the fixed Bitcoin (BTC) supplies of 21 million coins, Dogecoin adds about 5.2 billion new trading coins annually, ensuring a fixed flow of liquidity.
This continuous offer supports the use of Dogecoin in daily transactions instead of working as a purely investment asset.
“Through a strategic reserve, House of Dogy sets the basis for an ecosystem for payments that guarantee liquidity, stability and reliability.”
The initiative is in line with the House of Doga vision to make “Dogcoin the People’s Coin!” – It is affordable to everyone as a really decentralized currency. To go forward, House of Doga plans to announce its opening strategic partnerships.
This will focus on displaying expansion applications in the distinctive symbol and the real world’s payment applications. In addition, the organization intends to provide reward programs such as money recovery incentives and merchant benefits to increase adoption and participation.
Meanwhile, the market has already responded positively to the advertisement. Dog’s price increased by 8.2 %, reaching $ 0.19 at the time of the press. In addition, the trading volume witnessed a sharp increase of 142.8 %, with a highlight of the increase in trading activity.
Disintegration
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