What is DogeCash (DOGEC)?

DogeCash is a community-run digital currency founded in 2018 on the simple premise of creating a limited-supply, environmentally sustainable coin that is accessible to consumers (as a form of payment), everyday investors (as a store of value), and philanthropists (as a vehicle for giving.)

Like Dogecoin, an earlier cryptocurrency based on the popular Shiba Inu internet meme, DogeCash values community as well as charity. DogeCash differs from Dogecoin because of its proof-of-stake (POS) consensus protocol, a maximum supply of 210 million coins, privacy features, and its system of governance.

DogeCash developers used PIVX, a decentralized, MIT licensed, open-source blockchain project, as the codebase for DOGEC. Like PIVX, DOGEC is a POS/masternode coin that rewards users for holding coins (staking) and running masternodes (full nodes that are always online and help secure the network.)

In contrast to proof-of-work coins like Bitcoin (that use mining rather than staking for consensus), DogeCash uses little to no energy to maintain its blockchain and mint new coins.

What makes DogeCash unique?

• DogeCash combines the best qualities of Bitcoin and Dogecoin (limited supply, community/charity focus, respectively) with an environmentally sustainable consensus mechanism (POS) and the cutting-edge privacy features of PIVX.

• DogeCash focuses on being a currency first and is cultivating a vision for an ecosystem built around DOGEC that values moving money quickly and enables both merchants and content creators to virtually eliminate transaction fees and other related costs.

• DogeCash is establishing a specialized focus on supporting animal-related charities (e.g., SPCA, humane societies, local animal shelters) and partnering with like-minded organizations and businesses worldwide.

How many DogeCash coins are in circulation?

DogeCash creates a new block every minute and emits five coins: 3.5 are rewarded to masternode owners (70%), and 1.5 go to stakers (30%). There are also periodical superblocks to generate funds for proposals created and voted on by the DogeCash community.

DogeCash has a supply cap of 210 million coins. By setting this maximum number of coins at ten times the supply of BTC, the community endeavors to find a middle ground between utility and a solid store of value for investors. As of October 2021, DogeCash has a circulating supply of ~16 million coins.

At the current emission rate of ~7,200 DOGEC per day (~2.6 million DOGEC per year), DOGEC is projected to be economically sustainable for 100+ years without any further adjustments to coin economics.