Now, the Dogecoin Foundation is looking to raise funds as Donald Trump’s re-election as U.S. president has assembled the cryptocurrency market to record the climax. The official approach to the Dogecoin Foundation said in a recent release details that it is seeking sponsors to fund its vision for the growth of the Dogecoin ecosystem in 2025. Over the coming year, the popular Memecoin ecosystem is seeking to expand to a new service called Dogebox, which requires funding.
Dogecoin is currently trading at $0.3863 (approximately Rs 32.5 rupees) on global exchanges, and Elon Musk is known as the “People’s Cryptocurrency”, who believes Doge is with BTC and ETH and ETH and ETH and ETH. Doge has more everyday utilities than ETH and ETH’s Crypto assets.
Through Dogebox, ecosystem developers want to join the “1 million grassroots retailers accepting Dogecoin” as a payment option. This project is part of Dogecoin Foundation’s open source work for some time.
Dogecoin Foundation’s X post explains the concept of Dogebox, “Dogebox decentralized infrastructure system will enable businesses to host and comply with their own online stores every day, establish integration with existing systems and allow regular nodes – runners to participate in decentralized Payment systems, when people use Dogecoin for nearby goods and services, they will be rewarded.”
Dogecoin Foundation is a nonprofit that has been building open source projects for the Dogecoin ecosystem and currently employs many full-time developers to work on a range of projects to benefit the Dogecoin community.
Our goals since 2021…
– Dogecoin Foundation (@DogeCoInfdn) November 24, 2024
Although the foundation has asked investors to contact their proposals, the organization has not specified the amount of funds to attract the development of Dogebox.
The foundation aims to provide people with alternatives to traditional financial practices, including banks, brokers and other third parties to facilitate transactions between the two parties.
“We are currently looking for major sponsors for 2025 to benefit from building open source utilities for the future of decentralized payments: using cryptocurrencies for their intended purpose as a means of communication, not for the tyranny of all mankind” Tweets pointed out.
At present, the foundation has not disclosed a specific timetable for developing Dogebox.
In 2023, the Dogecoin Foundation launched a 5 million major token fund library to fund Memecoin’s growth.
Open interest in Dogecoin this week was reported to have exceeded US$4 billion (about Rs 337,250 crore), the highest point for Memecoins, from the perspective of futures traders’ bets.
