Dogecoin Foundation founds House of Doge: 10 million Doge reserve should enable new payment ecosystem

<p> <strong> Dogecoin Foundation founds House of Doge: 10 million Doge reserve should enable new payment ecosystem </strong> </p>

House of Doge: The new Dogecoin reserve

The Dogecoin Foundation has launched a new company arm called House of Doge and created an official Dogecoin reserve of 10 million doors. The reserve sees this company as proof of an innovative payment ecosystem.

The Doge Reserve: Guarantee for Liquidity

House of Doge made the 10 million-dog purchase, which was worth around $ 1.83 million at the time of the exhibition. In contrast to most strategic reserves, this reserve does not serve as protection, but guarantees liquidity to offer users a better experience.

Michael Galloro, a chosen board member of House of Doge, said: "By maintaining a reserve, we can bridge the gap between the transaction processing times and the real user -friendliness." He added that Dogecoin's inflation model ensures continuous liquidity and enables use as a real exchange medium.

The planned measures include incentives and cash offers for users. In the coming months, House of Dog wants to demonstrate the scalability of the Dogecoin ecosystem through strategic partnerships, while at the same time a quick settlement time is guaranteed. The organization also plans to offer advice, education and financing for research and development.

corporate interest to Doge

As early as February 2023, the Dogecoin Foundation stated in a longer post on the platform X that it rejected offers worth millions of dollars of companies that were interested in partnerships because their interest in Dogecoin did not appear enough.

In November 2022, the foundation presented people with decades of experience in private investments and corporate management who wanted to promote Doge's acceptance. Among those present were the owners and managers of Major League sports teams as well as government officials and CEOs of global companies from the food and catering industry.

In addition, Stebbing reported on the willingness of various sports teams to accept Dogecoin at their events, as well as governmental authorities who are willing to accept payments in Doge. Restaurant chains and university cafeterias should also want to use the tokens.

The result of these developments was the foundation of House of Doge as a commercialization partner under a new management. This initiative will enable the foundation to significantly expand their development team and to hold hackathons and other advertising activities.

Roger Rai, the deputy chair of the Toronto Blue Jays, joined the House of Doge board team. Sarosh Mistry, President and CEO of Sodexo North America, is now part of the board.

The Doge Community in action

House of Doge and the Dogecoin Foundation recently completed a deal with IndyCar driver Defrancesco and the Rahal Letterman Lanigan Racing Company. A car and the Defrancescos helmet is presented in a Doge design.

In addition, it is possible to pay Doge in the real estate sector. The Japanese real estate company Open House Group already accepts Dogecoin for real estate purchases.

At the time of Stebbings announcement in February 2023, House of Doge had collected millions of dollars to acquire 10,000 application -specific mining devices (ASIC). This aims to establish the largest Doge mining company in North America, and the dogen-based Doge will get into the official reserve. There will also be a mining pool to which members of the community are invited to contribute their hash power.

The structure of House of Doge could not only promote the acceptance of Dogecoin, but also strengthen the entire Dogecoin community and promote its development.