Monday, 27 October 2014

Dogecoin Makes Friends With League Of Legends - From The CoinFront

Dogecoin has gotten involved with the popular online game League of Legends with their latest drive, Doge4esports.


The initiative is designed as a contest to raise awareness of Dogecoin with high school-aged people, as well as to stimulate the Dogecoin economy.


And due to the popular video game streaming site Twitch’s decision to accept Dogecoin as a payment method, Doge4esports just became a bit more interesting.


MIT is giving $100 of Bitcoin to all undergrads this fall,” their website reads. “Let’s consider this initiative junior varsity to their varsity.”


The tournament, which began at the end of September and is being held over nine weeks, had “literally millions of Dogecoin” for the final four contestants, as well as a physical dogecoin for the winner.


Dogecoin Finds Its Niche?


Dogecoin is worth far less than Bitcoin, so it doesn’t work well as a store of value. And it isn’t being used as a secondary trading market, at least not on the large scale Litecoin is.


As a result, it has long been viewed as the tipping crypto. And so far this has been useful on the Dogecoin subreddit, and an occasionally-used Twitter tip bot, but it hasn’t spread much outside of that.


Dogecoin having spread to Twitch, though, could drive up its value and demand. After all, League of Legends is one of the most popular video games in the world currently, with over ten million active users.


It remains to be seen, though, whether or not the League of Legends community will be receptive to Dogecoin.



Dogecoin Makes Friends With League Of Legends

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