Up-and-coming NASCAR driver Josh Wise needed a sponsor; the Dogecoin reddit community took notice, teamed up with the NASCAR subreddit and started a campaign to raise over 67 million Dogecoin ($50,000), Most Awesome. After eight days, enough Dogecoins were donated and now Wise will be racing in the Aarons 499 Sprint Series Cup race on May 4 at Talladega Superspeedway in a Dogecoin-themed vehicle. Much Wow!
“I can’t thank the Dogecoin and reddit community enough for the support,” said Wise, who drives for Phil Parsons Racing. “To the moon!”
From the Dogecoin press release:
Previous Dogecoin campaigns have helped send the Jamaican bobsled team to the Sochi Olympics, raised $20,000 to train service dogs for children with disabilities, and collected $30,000 to build clean water wells in Kenya.
Introduced by creators Jackson Palmer and Billy Markus in December 2013, Dogecoin is an online currency created as a friendly, light-hearted version of Bitcoin. Dogecoin is now the second most popular online currency; only Bitcoin sees more transactions each day. Dogecoin is primarily used to buy and sell digital goods and to tip people on social media for the content they create. Tipping services on Twitter, Reddit and other sites allow social media users to easily send digital cash to each other without fees or hassle.