Dogecoin (DOGE) is based on the famous “Doge” internet meme. Therefore, the logo represents a Shiba Inu (dog breed). The open-source digital currency was created by Billy Markus from Portland (Oregon) and Jackson Palmer from Sydney (Australia) and was spun off from Litecoin in December 2013. The creators of Dogecoin wanted to create a cryptocurrency that was fun and lighthearted and appealing beyond Bitcoin’s core audience, which is why they built Dogecoin on the dog meme. Tesla CEO Elon Musk has posted several times on social media that Dogecoin is his favorite coin.
Dogecoin is mainly used as a tip on Reddit and Twitter to reward creating or sharing high-quality content. So, you can get Dogecoin tips for participating in a community that uses the digital currency. However, you can also get your Dogecoin from a Dogecoin faucet. A Dogecoin faucet is a website that gives you a small amount of Dogecoin for free as a starter, so you can start interacting in Dogecoin communities right away.