Dogecoin Foundation Launches Dogecoin Development Fund Project, DOGE Surges
The Dogecoin Foundation announces the launch of a Dogecoin Core Development Fund program to aid in the growth of the Dogecoin community. Over 5 million worth of Dogecoin was deposited to this development fund program to kickstart it.
Development Fund To Help The Community
On Saturday, the Dogecoin Founders made a new announcement to the community, announcing the launch of a Dogecoin development fund aimed at strengthening operations in the Dogecoin community.
With this new announcement came excitement in the community, which affected the token’s price surging by 2% in an hour.
A spark of hope in the community by the recent announcement of a Dogecoin Core development initiative. Additionally, 5,000,000 worth of Dogecoin was sent from the Dogecoin Foundation to this development fund.
The Dogecoin Foundation’s board of directors and the network developers have been assigned duties to work together to oversee this initiative.
The team in charge of this development fund is tasked with ensuring that the 5 million DOGE allocated to this fund gets received safely and securely.
The development of this core is particularly significant as it will serve as a stepping stone for the community to attain a new height of development and advancement.
To encourage transparency and keep the public informed of recent advances, the team will also publish its activities through blog postings and articles.
Further Developments
These developers and selected board executives will also oversee further features including wallet signature with numerous functionalities.
Developers working on these developments will also receive the DOGE tokens incentives during their supervision.
However, developers must provide the custodian signature in order to access their Dogecoin incentives; as these wallets are sealed with their respective custodians’ signatures.
These custodians have no access to these funds; their only responsibility is to safeguard these funds.
The safeguarded wallets contain over 4 million worth of Dogecoin, which is currently valued at $342,000.
Following Marshal Hayner’s donation to the development funds, Dogecoin Foundation updated the list of the Board Of executives supervising this fund—Marshal Hayner was added to the list of overseers.
Speaking favorably of Haymer, the Dogecoin Foundation stated that his dedication and perseverance to this project has motivated many young people to do the same.
DOGE has surged almost 4% in the past 24 hours and is now trading at $0.07061 as at press time.
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