Inspired by Doge, a popular internet meme focused on the Shiba Inu, a Japanese dog breed, the Dogecoin is now considered one of the top cryptocurrencies. Though it started as a joke and a parody token, according to Coinmarketcap.com, Dogecoin is ranked 34th, with a market cap of U$239,407,889 as of April 10, 2020. Established as a purely peer-to-peer type of electronic cash enabling direct online transactions from one party to another without going through a third party, its internet popularity continues to grow. This suggests that the creators' vision for Dogecoin has become real as a fun, light-hearted cryptocurrency that will have broader appeal beyond Bitcoin's core audience. The popularity and growth of Dogecoin saw key influential figures, such as Tesla's CEO, Elon Musk endorsing the coin in a tweet in 2019.
Dogecoin was primarily used on Reddit and Twitter as a tipping mechanism for rewarding the creation or sharing of quality content. Dogecoin has since been embraced as a mode of payment by online and offline retailers globally. A number of platforms offering a variety of services and products, such as online stores, web hosting, ebooks, and many others, are also currently accepting this digital currency. There are several more sites willing to endorse Dogecoin as a payment mechanism such as Primereum and embrace it.
Who Is Primereum?
Primereum is a decentralized ecosystem that is compatible with and ultimately supersedes existing financial systems. The platform provides a range of products, including payment systems, point-of-sale systems and an online marketplace. Primereum ecosystem uses Blockchain technology to include gateways and new and alternative payment methods. When it comes to its online marketplace, the company plans a future for the use of cryptocurrencies such as Dogecoin. The founders of Dogecoin and Primereum share similar values. The Dogecoin currency is seen as a community venture, similarly, the Primereum platform will be owned and guided by the people who give it its value. The Primereum team has therefore selected Dogecoin as one of the 30 other cryptocurrencies to be used on Primereum
How Can the Dogecoin Community Benefit from Using Primereum?
Apart from similar principles and massive community support, Doge's acceptance of the Primereum network provides the Dogecoin community with a strong incentive as Primereum's business model is also based on a peer-to-peer framework. Primereum’s model is based on promoting the free-flowing transfer of value to its clients by providing a transparent sharing economy that will connect buyers, sellers, affiliates, bounty hunters, business owners, partners, advertisers, using cryptocurrencies such as Dogecoin. The company’s marketplace will be powered by its secure and proof-of-concept network token, the Primereum Fuel Token (PMF) which is anchored to one gram of gold’s stable price. The Primereum ecosystem also includes a Marketplace, a new concept style Wishlist, Remittance system and a Fuelstore, plus Primereum Virtual Financial Asset (PVFA) wallets.
So how can the Dogecoin community become part of the Primereum ecosystem?
Any holder of Dogecoin currency can be part of the Primereum community by becoming a merchant by selling goods within the Marketplace to other users. As one of the preferred cryptocurrencies that will be accepted on Primereum, the Dogecoin community can use their currency to purchase items directly through the Marketplace and they can use their DOGE to buy Primereum Fuel Tokens (PMF) through the Fuel store. Then customers can buy goods on the Marketplace and exchange DOGE with others using PMF tokens. Additionally, a Primereum customer can also recommend a product they wish to buy using the Wishlist feature. A certain number of PMFs can be supplied by a customer and kept on the Escrow network of the platform until an interested party agree to purchase the requested product highlighted in the Wishlist.
The marketplace will also include competitive affiliate and bounty programs that will provide attractive incentives for the engagement and promotion of the Primereum ecosystem. PRIMEREUM is a free, simple and versatile way to use your Dogecoin and shop online.
If you’re part of the Dogecoin community, you don’t want to miss this chance.
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Cryptocurrency & Blockchain
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.