Billionaires Elon musk and Mark Cuban say the dog Decoin cryptocurrency (DOGE) is the most powerful exchange tool among digital assets.
Cuba tells CNBC that Dogecoin has cut a APR, giving it an advantage over other crypto assets.
“It is a tool that can be used to buy goods and services. For Doge, community is most powerful when used as a sharing tool.”
In response, Tesla CEO Elon musk said he has been following the same message for some time.
“I’ve been saying this for a long time.”
Cuban, who owns the Dallas Mavericks, is reporting to his 8.5 million Twitter followers that most buyers prefer to pay Dogecoin, despite the NBA team accepting cryptocurrency payments.
“I don’t do shill-Doge. I promote my companies ‘ products and services. Криптовалютой where we pay people.
95% of sales are dog. Customers choose Doge. We can discuss anything and everything about BTC, but at the moment the Doge is a payment method for people.”
The Shark Tank star also says two use cases for the dog make it easier for people to fix the cryptocurrency-the meme.
“What people decry about the Doge is that the Doge’s flaws and simplicity are his greatest strengths. You can only use it for 2 things: spend or use [hold]. Both are easy to understand. And it’s cheap to buy. This makes it a community that everyone can enjoy.”
In May, Cuba said Dogecoin could not survive without users and utilities.
“Coin memes like DOGE only work if they get a benefit and users use them for that utility. As long as you can produce the Dog, we know that the annual inflation rate is set at 5 billion coins, so the utility can gain some value as it grows. It will be like any other currency…”
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