The Dogecoin Foundation is a non-profit organization created by the founders of Dogecoin for the purpose of spreading the use of the currency through goodwill and charitable endeavors.
The foundation provides incentives for developers to work on projects that will enhance the experience of using the coin as chosen and voted on by the community.
Website Link The Dogecoin Foundation is a non-profit charity medium. It works with charities to provide a method for advertising their cause and acting as a payment processor to ensure the legitimacy of donations. The Dogecoin Foundation will look at the background of the charity before allowing them as a cause. This means you can donate with confidance to the Dogecoin Foudnation knowing the supported charities are legitimate.
Please note the Doge Coin Foundation is NOT a charity, but a medium for other charities.
List of projects supportedEdit
- Doge4water Inspired by the Winter Olympics fundraiser and smaller charity fundraising successes, the Dogecoin Foundation, led by Eric Nakagawa, began collecting donations to build a well in the Tana river basin in Kenya in cooperation with Charity: Water. They set out to raise a total of 40,000,000 ($30,000 at the time) Dogecoin before World Water Day (March 22).
The campaign succeeded, collecting donations from more than 4,000 donors, including one anonymous benefactor who donated 14,000,000 Dogecoin (approx. $11,000). The official dogecoin address used for this fundraising was: DNfFHTUZ4kkXPnoYUvgt6BGVwonEFB1b2i.
- Winter OlympicsThe Dogecoin community and foundation have encouraged fundraising for charities and other notable causes. On January 19, 2014, a fundraiser was established by the Dogecoin community to raise $50,000 for the Jamaican Bobsled Team, which had qualified for, but could not afford to go to, the Sochi Winter Olympics. By the second day, $36,000 worth of Dogecoin was donated and the Dogecoin to bitcoin exchange rate rose by 50%. The Dogecoin community also raised funds for a second Sochi athlete Shiva Keshavan.
Liam Butler, a member of the Dogecoin Foundation had seen the 1993 film Cool Runnings which showed the epic story of the Jaimaican bobsleigh team's success in the 1988 olympics. Inspired by this, he setup an initiative to raise Doge Coin donations for the Jamaican athletes. The initiative was a huge success, soon raising over $25,000 worth of Doge Coins for the cause - this was the largest single donation.