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Dogecoin introduces new platform to fight against FUDs

John KumiBy 0Edited by John Kiguru 28. July 20223 Mins Read
  • Dogecoin developers have launched a new platform (Dogepedia) to wage war against Doge FUDs.
  • Dogepedia is considered the Wikipedia of Dogecoin and contains guides, Frequently Asked Questions, answers, and other information concerning the Dogecoin industry.

The crypto market has been very unstable in the past few months following new highs reported in the US inflation data. Interestingly, the Terra crash and the Celcius withdrawal problems made things worse. One crypto that was heavily affected by Fear, Uncertainty, and Doubt (FUD) is Dogecoin.

This meme coin is still 90 percent down from its all-time high of $0.73 recorded on May 8, 2021. In response, asset developers have launched a new platform (Dogepedia) to wage war against Doge FUDs.  This was announced by Timothy Stebbing, the Director of Dogecoin Foundation. 

Hey, Dogecoin, there’s a new weapon in the war against dogecoin FUD; we call it the Dogepedia!

Dogepedia is considered the Wikipedia of Dogecoin and contains guides, Frequently Asked Questions, answers, and other information concerning the Dogecoin industry. Also, the community members have been referred to several articles on the platform that address certain issues including how to mine the asset, how to buy the meme coin, how to set up a wallet, and how to run nodes on the Blockchain.

The developers have also uploaded articles on the platform that addresses the FUDs surrounding Doge. One aspect of the FUD is that the asset has no utility. This was addressed in the Question and Answers section of the site.

The simple fact is that money has utility – and Dogecoin is money! Indeed, Dogecoin is one of the few cryptocurrencies that has been used for this main purpose from day one.

Dogecoin community members can interact with personalities

The articles are not only contributed by developers. Members of the Dogecoin community have been asked to publish related articles and also interact with personalities. 

You can contribute articles to Dogepedia! chat with @inevitable360 @mishaboar and many others. We know it’s not perfect (yet!), but we’re hoping this will be a resource the whole community can BUIDL and use. Good luck out there shibies.

Almost all cryptos have been a victim of FUD, but the asset, being a meme coin, has been largely criticized to have been launched out of a joke. Also, its uncapped supply has been attacked by critics. 

Regardless of this, Tesla’s Elon Musk, Robinhood’s Vladimir Tenev, and Dallas Mavericks CEO Mark Cuban have found interest in the asset. Musk announced last year that he would take Dogecoin to the moon. Both have also added Doge as a payment option to be used to purchase different products. Tenev also confirmed that Dogecoin has what it takes to become the currency of the internet. Last year, it was the most searched crypto on the internet by Americans according to reports. 

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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

John is a seasoned cryptocurrency and blockchain writer and researcher, boasting an extensive track record of years immersed in the ever-evolving digital frontier. With a profound interest in the dynamic landscape of emerging startups, tokens, and the intricate interplay of demand and supply within the crypto realm, John brings a wealth of knowledge to the table. His academic background is marked by a Bachelor's degree in Geography and Economics, a unique blend that has equipped him with a multifaceted perspective. This diverse educational foundation allows John to dissect the geographical and economic factors influencing the cryptocurrency market, offering insights that go beyond the surface. John's dedication to the crypto and blockchain space is not merely professional but also personal, as he possesses a genuine passion for the technologies that underpin this revolutionary industry. With his astute research skills and commitment to staying at the forefront of industry trends, John is a trusted voice in the world of cryptocurrencies, helping readers navigate the complex and rapidly changing terrain of digital assets and blockchain innovation. John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

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