Mark Cuban’s NBA team has announced a store program that rewards customers for making payments using cryptos like Dogecoin, Bitcoin and Ethereum.
Mark Cuban’s NBA team “Dallas Mavericks” announces “Mavs Cryptomania”
The Dallas Mavs Shop has started a cashback promotion for users to incentivize payments using cryptocurrencies like Dogecoin, Bitcoin and Ethereum.
The landing page of the website is:
Free $ 25 e-gift card for eligible cryptocurrency purchases on DallasMavs.Shop! Must spend at least $ 150 (before taxes and shipping). Only one e-gift card per transaction. The e-gift card will be emailed 5-7 working days after ordering and will expire on December 31st.
The NBA team, owned by Mark Cuban, started accepting Bitcoin in its fan shop back in 2019. While customers were able to pay with Dogecoin from this March.
The Dallas Mavericks store uses Bitpay to process payments in crypto. A list of eligible tokens includes BTC, ETH, DOGE, BCH, BUSD, USDC, GUSD and PAX.
Related reading | Top DOGE: Premier League Soccer Club Watford shows Dogecoin on shirt sleeve
Mark Cuban is a well-known supporter of Dogecoin, and so it comes as no surprise that he was recently added to the store. Apparently the Dallas Mavericks DOGE, as the billionaire explains:
FYI, Mavs sales in Dogecoin are up 550 percent over the past month. We have now sold more than 122,000 Doges in merchandise. We will never sell a single doge. So keep buying Dallasmavs.shop.
Related reading | Dogecoin community amazed at the Cuban’s claims he only holds $ 500 in DOGE
The crypto influencer has said in the past that Dogecoin has a few days when it moves more sales than Bitcoin or Ethereum in an entire year.
“The point about DOGE that people miss is that the imperfections and simplicity of DOGE are its greatest strengths,” Cuban said in a tweet. “You can only use it for 2 things: Spend It or HODL It. Both are easy to understand. And it’s cheap to buy. That makes it a community that anyone can join and enjoy. “
At the time of writing, the price of Dogecoin is hovering around $ k, up% over the past five days. In the last month the coin has gained% in value.
Here is a chart showing the price evolution of the coin over the past three months:
DOGE seems a little down | Source: DOGEUSD on TradingView
Dogecoin has seen a strong upward move in the past few days, but the coin has fallen a bit today and has broken the sharp uptrend.
Bitcoin and Ethereum have also seen very sharp price increases in the past few days as the coins re-tested the crucial price ranges at USD 50,000 (for BTC) and USD 4,000 (for ETH).
Featured image from Unsplash.com, chart from TradingView.com