In the bustling world of cryptocurrencies, DogeCash (DOGEC) stands out as a community-driven digital currency with a unique blend of features designed to promote sustainability, privacy, and accessibility. Founded in 2018, DogeCash builds upon the playful spirit of Dogecoin, embedding robust governance and advanced privacy features into its ecosystem. Unlike its predecessor, DOGEC employs a proof-of-stake (PoS) consensus protocol, significantly reducing its environmental footprint while maintaining security and efficiency. With a capped supply of 210 million coins, DogeCash not only aspires to offer a reliable store of value but also aims to serve as a medium for charitable giving—a token truly committed to making a positive impact. Read on to discover what makes DogeCash a unique contender in the crypto space.

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.

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.

The Purpose and Utility of DogeCash

The DogeCash crypto token serves as an open-source community-driven cryptocurrency with a focus on five main aspects: user data protection, masternode hosting payments, reducing exchange fees, passive income generation, and liquidity provision. The primary purpose of the DogeCash token is to eliminate the need for multiple coins among different projects by providing a single coin that can be utilized for various functions within the blockchain ecosystem.

DogeCash aims to address the issue of having multiple coins for different projects, which can lead to complexity and inefficiency in managing and utilizing these coins. By providing a unified coin that can be used for masternode hosting payments, reducing exchange fees, and generating passive income, DogeCash simplifies the process of participating in blockchain projects and transactions.

Furthermore, DogeCash offers a one-stop solution for holding, staking, and exchanging cryptocurrencies, ensuring secure storage, passive income generation, and easy exchange with good liquidity. The token's ecosystem is built on passive income at its core, allowing all stakable coins to automatically stake without any intervention, and providing a platform for running masternodes for favorite coins with just one click.

Tokenomics and Distribution Model

DogeCash (DOGEC) has a total token supply of 210,000,000 DOGEC. The circulating supply of DOGEC is approximately 16 million coins as of October 2021, with an additional 7,200 DOGEC being added daily, which amounts to 2,600,000 DOGEC per year. The maximum supply cap is set at 210,000,000 DOGEC.

The tokenomics of DogeCash are designed to create a limited-supply, environmentally sustainable coin that is accessible to consumers, everyday investors, and philanthropists. DogeCash uses a proof-of-stake (POS) consensus protocol, which rewards users for holding coins and running masternodes, in contrast to proof-of-work coins like Bitcoin that use mining for consensus. This consensus protocol allows DogeCash to maintain its blockchain and mint new coins with little to no energy consumption.

Inflation Control Mechanisms

DogeCash employs several mechanisms to control inflation and ensure long-term sustainability. One of the unique features of DogeCash is its approach to transaction fees. Instead of using the fees for any specific purpose, DogeCash burns all transaction fees, which reduces the total supply of DOGEC and makes the token deflationary. This is a significant difference from other cryptocurrencies, which often use transaction fees to incentivize network participants or fund development.

Another unique feature of DogeCash is its use of masternodes. Masternodes are highly trusted nodes in the network that can process transactions instantly before stakers. To become a masternode operator, one must lock 15,000 DOGEC, which shows their commitment to the network. Masternode operators receive rewards in DOGEC for hosting a masternode and have the right to one vote in the decentralized governance of the network.

The Team Behind DogeCash

The DogeCash crypto token is a community-run digital currency founded in 2018. The team behind DogeCash is not explicitly mentioned in the provided source. However, the source does mention that DogeCash is built on the PIVX codebase, which is a decentralized, MIT licensed, open-source blockchain project.

Regarding the development of DogeCash, the source states that the developers used PIVX as the codebase for DOGEC. PIVX 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).

As for the team behind PIVX, the source does not provide detailed information about the individual members. However, it does mention that PIVX is a decentralized project, which suggests that the team is likely composed of individuals with expertise in blockchain technology and