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Dogecoin (DOGE) is a cryptocurrency that is based on the popular “doge” Internet meme and features a Shiba Inu as its logo. Billy Markus of Portland, Oregon, and Jackson Palmer of Sydney, Australia created the open-source digital currency, which forked from Litecoin in December 2013. Dogecoin’s creators envisioned it as a fun, lighthearted cryptocurrency that would appeal to people outside of the core Bitcoin audience because it was based on a dog meme. Tesla CEO Elon Musk stated on several occasions on social media that Dogecoin is his favorite cryptocurrency.
Members of the Dogecoin team established a non-profit foundation in 2014 to provide support, advocacy, trademark protection, and governance for the cryptocurrency project. The foundation, however, dissolved over time.
After several years of inactivity, the foundation was relaunched in 2021 with a “renewed focus on supporting the Dogecoin Ecosystem, community, and promoting the future of the Dogecoin Blockchain.” The project now has some seasoned industry players on its board of advisors, in addition to some of the original core team.
Members of the foundation’s board will meet monthly to discuss Dogecoin-related issues, according to the foundation’s website.
The group’s advisors include Dogecoin founder Billy Markus, the project’s core developer Max Keller, Ethereum founder Vitalik Buterin, and Elon Musk, as represented by the Musk family office’s head, Jared Birchall.
Members of the Board of Advisors will serve in a variety of capacities. Markus will be in charge of the community and memes, while Keller will be the project’s technical advisor. Meanwhile, Buterin will serve as the foundation’s blockchain and cryptocurrency advisor, and Birchall will serve as Elon Musk’s legal and financial advisor.
As a first task, the Board of Advisors will seek three-year funding that will allow it to hire a small, dedicated team to work on Dogecoin full-time. Until now, the ecosystem’s work has been done entirely by volunteers.
If you’re wondering where to buy Dogecoin at the moment, the top cryptocurrency exchanges for trading in Dogecoin stock right now are Binance, BTCEX, OKX, Deepcoin, and Bybit.
