We are excited to announce Dogecoin (DOGE) will be available to trade on our decentralized P2P trading platform. DOGE, the cryptocurrency that started as a joke has become a poster child of the entire industry. Now our users will be able to take advantage of Dogecoin’s bullish market trend.
This is part of our ongoing effort to offer the very best P2P trading experience to our customers and there is no better way than by offering one of the hottest cryptocurrencies out in the market today.
Why list Dogecoin on CryptoLocally?
Our relentless effort to bring the best P2P trading experience to our customers has led us to continually innovate and evolve. GIVernance, our governance platform, is one of the fruits of this labor. It empowers our community to take a more active role in steering the development of our platform.
This shared-governance model gave a powerful voice to our users, using GIV to support proposals that bring more value to CryptoLocally’s ecosystem. In fact, the listing of Dogecoin on our platform is a community-driven initiative led and approved by GIVernance participants.
The listing of Dogecoin by the community is a fitting example of the workings of a truly decentralized P2P trading venue. In CryptoLocally, we give traders what they want when they want it.
What is Dogecoin?
Dogecoin was created in 2013 by Jackson Palmer and Billy Markus as a light-hearted and fun crypto project. It was meant to be a satirical take on cryptocurrencies with no particular purpose other than a reward mechanism for online content.
The crypto project was based on the popular “Doge” Internet meme and features Shibu Inu as its logo. It was officially launched by Jackson Palmer on December 6, 2013 with the release of its official website. Surpassing all expectations, the website had over 1 million views within one month of launching.
At the time, Doge briefly surpassed all trading volumes of all cryptocurrencies combined; even that of Bitcoin. It owes its success to the fun-loving Dogecoin community which has grown tremendously throughout the years.
What is DOGE’s unique value proposition?
However, Dogecoin offers faster transactions and confirmations than Litecoin as it has a block time of only 1 minute compared to the latter’s 2.5 minutes. The transaction fee of Dogecoin is also comparable to that of Litecoin’s, making DOGE a very good alternative to Litecoin as a payment network.
Despite its apparent advantages, DOGE never positioned itself as a payment network nor as an investment vehicle. There is no clear logical reason why people love promoting, holding, and using DOGE. Its unique charisma allowed it to quickly develop a vibrant and strong online community.
It consistently got the attention of business magnate, Elon Musk, and more recently, legendary music artists Snoop Dogg and Gene Simmons. Snoop put an online mock album with an image caption “Snoop Doge,” while Gene Simmons of rock band KISS called himself the “God of Dogecoin.”
According to Elon Musk, the project’s simplicity is its genius and indeed the simple yet powerful project which started out as a parody is now worth more than a billion dollars.
How to trade DOGE on CryptoLocally?
Trading DOGE on CryptoLocally is simple. If you are a returning user, you just need to change the currency to DOGE on our fast, easy-to-use P2P platform. New users can start trading on our platform by simply registering with their email address and phone number.
You do not have to go through the trouble of buying BTC or ETH before getting DOGE anymore. You can directly do DOGE-Fiat trades, which means low transaction fees and a faster way to get or cash out DOGE. We provide a wide range of fiat payment options such as bank transfers, local cash transactions, cash deposits, PayPal, Mobile Money, Cash App, TransferWise, and many more to provide you the safest and easiest way to trade DOGE at low cost.
Like all cryptos available on CryptoLocally, DOGE transactions between users are protected by a unique escrow service until the end of each trade. All DOGE traders can enjoy the same level of convenience, security, and privacy provided by CryptoLocally. For new users, no prior experience is required and all they have to do is to follow the simple instructions on how to create an offer and how to trade DOGE on CryptoLocally by reading our guide.
To learn more about our platform and Dogecoin and their latest news, developments, and announcements you may visit the following links:
From Built in Africa archives – MainOne: 10 years building West Africa’s internet infrastructure
On March 25, 2021, Techpoint Africa will be hosting the brightest minds in decentralised finance/crypto at the Digital Currency Summit tagged “Building the money of the future” Click here for more details, registration and sponsorship. Location: Fourpoint by Sheraton, V.I. Lagos.