Dogecoin began to burn money, reduce the total number of
As everyone knows, a rarity. This is why people would pay hundreds of thousands of dollars to buy Babe Ruth (American occupation baseball) Rookie Card, even if the printing paper value even less than 10 fen. Also, this is also true of encryption currency. In the encryption currency world, no one is more common than Dogecoin currency. In fact, by the end of 2014, there will be 100 billion dogecoin in the world, far more than any other currency. Which will cause the supply is far greater than the demand situation. This can be attributed to Dogecoin developers lack of foresight, because they did not think Dogecoin can develop so fast. But in any case, the Dogecoin community has been aware of this point. Therefore, Dogeparty came into being.
Dogeparty participants have decided to burn his hands currency. That is to say, they are to break these coins, destroy these coins fundamentally. The purpose of this is twofold. First of all, in order to reduce the supply of Dogecoin, and hope to help them get rid of the current decline. Secondly, it is to create a new currency and Dogecoin coexist, so it has more potential. In order to reward them burn their own Dogecoin, Dogeparty developers will distribute Dogeparty coins or XDP. The current interest rate for 1000 DOGE for 1 XDP, while early adopters will get 50% bonus. Burn money period from the beginning of the 08 month 12 days, 30 days. After this, will no longer accept money to burn.
The potential of Dogeparty
Dogeparty is not only a new currency, it has more significance. Content creators, event planners can use Dogeparty, in addition, charitable organizations can solicit donations to replace Dogecoin for money, thereby, we can receive a copy of their work, one to participate in their activities of tickets or other rewards, such as the crowdfunding platform. This seems to be inconsistent with the original intention of destroying Dogecoin, but Dogeparty can help Dogecoin out of the recent recession in the shadow to a great extent.