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What is Dodge Coin and What Problems Does It Solve?

Dodge Coin

By RAJE BLOGSPublished 2 years ago 5 min read
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What is Dodge Coin and What Problems Does It Solve?
Photo by Quantitatives.io on Unsplash

Dodge Coin has been gaining popularity recently, and for good reason. What exactly is Dodge Coin, though? Here’s what you need to know to decide whether it’s right for you or not.

Introduction
With so many cryptocurrencies now available on global markets, it can be difficult to determine which projects have real potential. This has been even more complicated as of late, with hundreds of new tokens being created through initial coin offerings (ICOs). DodgeCoin wants to disrupt that space by offering an anonymous token that offers users true financial freedom. But how does it work, what problems does it solve, and how will it grow over time? To answer these questions, we’ll need to examine each aspect of its design.

Concept
First, let’s clarify what we mean by Dodge Coin. Dodge coin isn’t an actual product; rather, it is a way to describe a certain group of cryptocurrency investors. Let’s look at an example: If you purchased 10 Litecoin back in February 2017 when LTC was priced around $4 per coin, then sold those 10 LTC for $400 (at a price peak) later that year when LTC peaked at about $37 per coin, then you would have made $360 on your initial investment of $40 USD total. Those coins would also be worth more today (about $100). This return represents a gain of 360% over 6 months or 60% monthly gains!

Problem with traditional currencies
Governments print more money when they need it, leading to inflation. Only Governments can create currency, making it impossible for small countries to have their own currency. Banks charge high transaction fees on international payments, making small amounts of money expensive to send. Merchants struggle with high processing fees and long payment settlement times due to fraud prevention measures (credit card chargebacks). In developing countries like India or Mexico, many consumers do not have bank accounts or credit cards that let them make online purchases - so they are left behind in today's global marketplace.

How Dodge Coin solves the problem
The way that most people are earning cryptocurrency, such as Bitcoin or Ethereum, is through mining. This requires a significant upfront investment of both time and money. The team behind Dodge Coin has put together a system that allows anyone with an internet connection to participate in their proof-of-stake system at almost no cost whatsoever. They’re even paying out dividends!

Final words
Like Bitcoin, Ethereum and other cryptocurrencies, DodgeCoin uses a decentralized digital ledger to track transactions. But unlike Bitcoin, users can purchase assets directly from their mobile device using a credit card. This has massive implications for mobile payments in emerging markets. Through their partnership with UltraPlay, they’re taking blockchain technology mainstream by incorporating it into an existing ecosystem: online gambling. Their idea takes advantage of an untapped market that few have even begun to explore—mobile payments in developing countries; a $2 trillion industry growing three times faster than developed economies (think India). Furthermore, given that there are 2 billion unbanked people around the world—many of them are under 30—the potential is huge.

What are Dodge coins?
The idea behind dodge coins is to allow users to remain anonymous while paying for a variety of goods and services. The digital currency helps facilitate payments online. Its primary purpose isn’t to be used as an investment vehicle, but rather it functions as a vehicle for anonymous purchases online. With dodge coin , payments are secure, transfers are rapid, and fees are extremely low or non-existent. This makes Dodge coin ideal for micro-transactions which otherwise wouldn’t be possible with other forms of payment .

How much does DOGE get for $1?
As of early 2017, one DOGE was worth $0.0009 USD or about 0.00000012 BTC, which at that time was roughly 1/150th of a penny or 3μBTC (millibitcoin). However, as of late January 2018, one DOGE has risen to a value above $0.01 USD but fluctuates between $0.005 and $0.02 depending on market demand.

Will Dogecoin go up to $1?
Though Dogecoin (DOGE) isn’t a new name in cryptocurrency markets, most of us still have some doubts about it. As much as we love Shiba Inus, we cannot deny that the currency doesn’t have a good reputation. With dozens of scams, one or two hacks, and a lot of price corrections going around in its history, you can only ask – will Dogecoin go up to $1?, maybe even more? Well ... yes it can! If you don’t believe us read on to find out why. Keep reading to learn how will Dogecoin go up to $1?! And perhaps even more!

What are Dodge coins worth?
Unlike most crypto-currencies, dodge coins are intended to have a fixed supply of 21 million. At today’s price of $2.56 per coin, that means each individual coin would be worth $54 USD (total market cap at present). With such a low total value and such a small supply of coins available, it’s very likely that dodge coin will never reach Bitcoin levels of success. However, if you compare it to other coins with similar use cases like dogecoin or reddcoin, you can see there’s still plenty of room for growth! #p#副标题#e#

What is the future of the Dodge Coin?
Cryptocurrencies are more future than they are right now, but that doesn’t mean you can’t use them. If you want to know more about what they are, what problems they solve and how they work, read on. Keep in mind that as a new technology in its early days, cryptocurrency might fail or it might succeed; either way, there will be lessons learned from trying it out. Regardless of whether it succeeds or fails, cryptocurrencies like Dodge Coin have forced people to take a hard look at how payments are made over long distances using money orders (which actually kind of suck). We may yet see Bitcoin go down in flames, but cryptocurrencies like it—and now many others like Dodge Coin—are forcing us to reconsider cash entirely.

What is Dodge token?
Dodge token is a utility token, which will be required to access certain features of dApp, including exchange services. As such, it will have real world value. All payments within dApp will use DODGE token as a mode of payment thereby increasing its demand. Further, in order to increase utility of DODGE tokens for third party developers we are considering to develop or implement integrations with major blockchains like Bitcoin , Ethereum or Stellar . For example, integration with bitcoin blockchain could allow users to trade using BTC on their mobile wallets when they are not connected to internet or use BTC as base currency instead of USDT (Tether) when they want stability without transaction costs associated with centralised exchanges.

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