Thanks to Dogecoin enthusiasts, the Jamaican bobsledders could possibly be Sochi bound—for free. Fans of the meme-themed cryptocurrency have committed roughly $30,000 in hopes of getting the Jamaican bobsledders to the Winter Games in Sochi, Russia.
Dogecoin works in the same fashion as Bitcoin, but it’s only worth a fraction as much. It’s based on doge, the famous meme, but the coin has skyrocketed in popularity as people have used it more frequently in the form of small transactions and tips. The first big project for Dogecoin is to fund the Jamaican bobsled team, who was made famous in the Disney movie Cool Runnings. The team is only represented by two men who just qualified for the Olympics last Monday, and they’ve set up an Indiegogo campaign to reach their goal of $80,000.
However, Indiegogo doesn’t accept “dog-themed” cryptocurrencies. So Dogecoiners gave 26 million dogecoins to the Dogecoin foundation in the Jamaican bobsledders’ name. The foundation then started converting the Dogecoin to Bitcoin, which is a more stable currency. Currently, the foundation is sitting on 35 Bitcoin, currently worth about $28,850.
[via Daily Dot]