With the rise of crypto popularity there came a flood of bad actors who now continue to take advantage of investors in one form or another. This is especially common in “new” masternode projects that exit scam, underdeliver and remain anonymous throughout the inevitable short lifespan of the coin.
A conservative estimate of 500 masternode projects launched with a BTC Talk ANN since the start of 2018. Of these, an overwhelming majority have gone silent, do not show any sign of ongoing development, and simply lack the level of quality a top caliber project should demand. Moreover, most projects fail to give their communities any decision making ability over the future direction and development of the project.
A group of crypto developers, experts, and investors recognized the aforementioned shortcomings and designed a concept that aims to set fundamental standards for launching projects.
DogeCash is building a Masternode/PoS cryptocurrency ecosystem whose components and decision making will be voted on by private key holders. DOGEC will act as the crypto of choice within the different platforms built within the ecosystem.
There is an extreme oversaturation of cryptocurrencies that serve as the primary coin utilized within a single platform. DogeCash aims to eliminate the need for multiple coins among different projects. One coin will be utilized to make masternode hosting payments, reduce exchange fees, tip content creators, and what ever else the community decides to build. Furthermore, we have decided on non-negotiable project values we will base our project upon: transparency, quality, community and charity.
These are traits we believe will set the standard in the masternode space, urging new projects to do things “The DogeCash Way.”
DogeCash will launch the DOGEC blockchain mainnet at 3:00 AM UTC on October 1st, 2018. A limited number of masternodes will be deployed by the team and early project supporters to ensure network stability and security before a presale of twenty masternodes is conducted. Funds raised by the presale (30*0.4 BTC = ~75k USD) will enable the project to kickstart a marketing campaign with the purpose of growing a robust community which will provide DogeCash with a strong foundation. Additionally, five percent of the maximum supply will be premined to fund the development of community voted platforms and necessary project tasks such as community moderation, wallet UI upgrades, partnerships and more.
The Bitcoin presale and DOGEC premine addresses will both be made public at launch. Please refer to the Bitcoin Talk Announcement or the project website (dogec.io) for all technical specification details.
Dogecash