Dogecoin Backer Launches New 5,000,000 DOGE Development Fund To Support Ecosystem

The Dogecoin (DOGE) Foundation is stepping up its efforts to support the growth and development of the Meme Token ecosystem.

foundation To tell Establishing a new Dogecoin Core development fund managed by the developers and signatories of the Board of Directors of the Dogecoin Foundation.

The Foundation has transferred 5,000,000 DOGE to the Dogecoin Core Development Fund.

“This is a new decoupled multi-signature wallet designed to transparently manage a total of 5,000,000 DOGE. We will pay you a reward for all your contributions.”

Dogecoin is trading at $0.0720 at the time of writing, making the grant worth approximately $360,000.

According to the foundation, developers participating in Dogecoin updates will be rewarded once the updates are published.

“At every major or minor release of Dogecoin Core, 500,000 DOGE will be distributed exclusively to all contributors listed in the release notes since the last major or minor release.

To qualify as a major or minor release, a release must meet the pull request threshold of 25+ non-blank/comment only pull requests.

These are the only transfers allowed from this wallet. “

Dogecoin development comes weeks after being organized by the foundation behind Memecoin first hackathon As part of our efforts to grow the ecosystem. A hackathon was held in Australia in mid-November.

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