Dogecoin Cash was created as a non-inflationary, environmentally-friendly alternative to the original Dogecoin, utilizing several important advancements in crypto since the introduction of DOGE in 2013, including:
Proof of Content
Instead of the carbon-emitting Proof of Work mining used by coins like Bitcoin and Dogecoin, Dogecoin Cash uses the innovative new Proof of Content mechanism to distribute $DOG to the community. Under the Proof of Content system, content creators can earn Dogecoin Cash by sharing links on the social platform Tipestry, where members vote to determine how much crypto each post and comment receives. Rather than encouraging energy consumption, this new system rewards people for creating and sharing content.
Designed to operate within the decentralized finance ecosystem, Dogecoin Cash exists on both Binance Smart Chain in the BEP-20 format and on the Ethereum blockchain as an ERC-20 token. It is currently tradeable on decentralized exchanges including PancakeSwap on Binance Smart Chain and Uniswap on Ethereum. Holders can also stake their Dogecoin Cash via smart contract at stake.dog, store their tokens in a wide selection of Biance Smart Chain and Ethereum wallets, and exchange them for other assets such as non-fungible tokens (NFTs).
For the first few years of Tipestry, normal Dogecoin was the main tipping currency used on the platform. In 2021, however, Dogecoin became unsuitable as a tipping coin because of dramatically increased fees and the corruption of the Dogecoin community, which went from one of the friendliest in the crypto world to one of the ugliest after certain celebrities started pumping it on Twitter. Dogecoin Cash was created to serve as a replacement, forking the original spirit of the Doge community and introducing new DeFi features made possible through smart contracts.
Is Dogecoin Cash affiliated or connected with the original Dogecoin?
How old is the Tipestry project?
Tipestry first went live in 2017. The evolution of the platform can be seen through the Wayback Machine.
Why does Tipestry share revenue with group creators and mods - don't jannies normally do it for free?
Sites like Wikipedia and Reddit are currently being ruined by unpaid mods pushing various agendas. The idea behind paying mods on Tipestry is that people will have an incentive other than acquiring power to perform moderation duties.
Token not needed? Why not pay members with Bitcoin?
Tipestry is one of the rare projects where a token is legitimately needed. For example, group owners can create their own tokens on the site, and when members withdrawal these tokens, a network fee is incurred. Since some group tokens have no market yet, it wouldn't be feasible to charge members the withdrawal fee denominated in that token. By charging them $DOG (which they earn by using the site), however, members can cover the network cost without having to deposit another currency.
Why the name Dogecoin Cash instead of something like Tipestry Coin?
Since Dogecoin Cash is both the native currency of Tipestry and a meme coin in its own right, it is less centralized than tokens that are solely tied to a single project.
What is the BSC contract address and supply of Dogecoin Cash?
Tipestry adds a meta layer to the Internet, allowing members to interact and earn cryptocurrency anywhere
online. The main component of the platform is Tipestry.com, a web portal that effectively adds a
comment section with built-in tipping to any website. Tipestry Go is an augmented reality app that lets
users leave comments at specific physical locations and search for digital coins hidden throughout the
world. A browser add-on that adds more chat and micropayment features is also in beta testing.
There are three related problems we aim to address with this project: first is that the prevailing business
model for social media platforms is to sell their users’ personal information to third parties, usually
without the users understanding what they are giving up in terms of privacy and security. Second is the
difficulty for content creators to benefit financially from their work, which is partially responsible for an
overall decline in journalistic standards and the proliferation of clickbait content. Third is the trend for
large companies to push agendas – both commercial and political – by censoring or completely disabling
user feedback on their sites.
Another goal of this project is to provide new uses for cryptocurrency and to put coins in more people’s
hands without requiring an understanding of the technical details. We believe that seamless tipping, in
particular, presents a natural introduction to digital currencies and will help spread adoption.
The Dogecoin Cash Army is hard at work day and night bringing you the freshest memes.