Mark Cuban Pushes Dogecoin Funds With New Incentives – bitcoinist.com

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Dogecoin payments remain an important part of the Dallas Mavericks payment option. Mark Cuban’s professional basketball team started accepting Dogecoin payments in March. This makes them the first NBA team to accept Doge payments. Cuban had later said that Doge payments had increased 550% after just the first month. Add that the team had no plans to sell any of the doges they received.

FYI, Mavs sales on @dogecoin are up 550 percent over the past month. We have now sold more than 122k Doge merchandise! 🚀🚀🚀 We will never sell a single doge. So keep buying @dallasmavsshop https://t.co/li32cdtcED

– Mark Cuban (@mcuban) April 14, 2021

Related reading | The majority of the Dogecoin offering is owned by just 0.01% of the owners

Get a $ 25 gift card to use to pay with Doge

To further promote the use of Dogecoin on their website, Cuban has now announced an incentive program. The program is a type of cash back program that rewards fans for purchases made in the Dallas Mavericks online store. The action is part of the Dogemania action currently being carried out by the Mavericks. This promotion runs from August 13th to September 20th.

They know you want it, https://t.co/VUydpLFzGh is ready for you. It’s #Dogemanie! pic.twitter.com/aSpraDOmCe

– Mark Cuban (@mcuban) August 27, 2021

Related reading | Cubans continue to push for Dogecoin payments, Musk nods in agreement

When participating in Dogemania, shoppers will receive a $ 25 gift card for in-store purchases over $ 150. These purchases could range from Dallas Mavericks to suite tickets to lower-tier tickets for their games. One caveat was that it did not apply to multiple purchases divided into $ 150. To be eligible, fans would have to make a single purchase worth a total of $ 150, pre-tax and shipping. The gift card will then be sent within 5 to 7 working days of purchase.

Only payments made with Dogecoin are eligible for the $ 25 gift card. Other payment methods do not have this incentive.

Show support for Dogecoin

The promotion of incentives was generally well received by the Doge Community. Cubans are being praised for being one of the high profile figures pushing for real uses of the meme coin. Earlier this month, CNBC announced that Dogecoin was a powerful medium of exchange. Something that “dog father” Elon Musk endorsed.

Related reading | Dogecoin Festival is taking place and Dionne Warwick is coming!

After the announcement of the doctorate, well-known members of the Doge community came to show their support. Doge co-founder Billy Markus, who returned to the market after a 7 year hiatus, tweeted his support for it.

If you want to support one of the first major vendors to evangelize DOGE for shopping, as @mcuban says, it’s ready for you. https://t.co/HZFcH6HB27

– Shibetoshi Nakamoto (@ BillyM2k) August 27, 2021

Doge’s unofficial CEO also took some time off to support Dogemania. He revealed that he and Doge bought a basketball for the Mavericks online store.

I just bought a doge colored @dallasmavs basketball with Dogecoin. Much wow!

Thanks @mcuban! pic.twitter.com/Y7GJD0YvSx

– greg (@ greg16676935420) August 27, 2021

Dogecoin (Doge) price chart from TradingView.com

DOGE price trends at $ 0.27 | Source: DOGEUSD on TradingView.com

Dogemania is just the beginning of what is sure to be the first of many when it comes to crypto adoption. Well-known companies like Microsoft have thrown their hats into the ring with crypto. Even Bitcoin payments will be accepted as early as 2014. The Dogecoin Festival will travel around the world. Where everything related to the festival is paid for in Doge and other cryptocurrencies.

Featured image from BBN Times, chart from TradingView.com


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