The Dallas Mavericks not too long ago launched a cash-back rewards program to encourage followers to purchase tickets and staff gear utilizing Dogecoin.
Mavs Cryptomania offers clients who spend greater than $150 price of Dogecoin in a single transaction a $25 eGift card that they will use for on-line purchases within the Dallas Mavericks store by means of Sept. 30.
The Mavericks have accepted Dogecoin since March and had been among the many first NBA groups to permit followers to purchase tickets and merchandise with Bitcoin in 2019. Mavericks proprietor Mark Cuban has been a staunch advocate of Dogecoin, saying in April it’s “turning into a digital forex” due to its rising adoption price.
Cuban has additionally backed Ethereum-based scaling answer Polygon, nonfungible token (NFT) platform Alethea AI and NFT market suppliers Genius, amongst different tasks and endeavors with cryptocurrency ties.
“Consider them as decentralized, safe, networked platforms with options that permit for the event of apps that may have distinctive utility for people and companies,” he stated not too long ago.
Associated: Billonaire Mark Cuban Shares His Dogecoin Possession
Cuban stated final month he owns $494 price of Dogecoin, Fortune journal reported.
He stated the coin is greatest used for transactions for purchasing items or companies, and he stated the Dogecoin neighborhood is the strongest crypto neighborhood when “it involves utilizing it as a medium of trade,” based on the report.
Cuban stated in Could that he owned 3,250 Dogecoin together with his son, the report acknowledged. Whereas Cuban got here below fireplace on Twitter for supporting Dogecoin, he stated he has by no means hidden something about his holdings, based on the report.
“I’ve stated all alongside what I’ve purchased or owned,” he stated, per Fortune. “Simply take note of my timeline.”
Total, he owns lower than $15,000 in Doge between the Mavericks and his private account, the report acknowledged.
Cuban’s praised the communal facet of Dogecoin this spring, saying that would make it a powerful cryptocurrency. That invited a reply from fellow billionaire and Tesla CEO Elon Musk, who stated he had additionally been saying the identical factor.