Reddit Raises $55K in Dogecoin to Sponsor ‘Underdog’ NASCAR Driver

The dogecoin community has raised $US50,000 to sponsor#98 Josh Wise’s Ford at the annual Alabama megarace.

A potential design for NASCAR racer Josh Wise’s upcoming dogecoin-sponsored car. Photo: Dogecoin/ Reddit.

The Bitcoin cryptocurrency is conquering the world, being used today in a number of businesses, and even recognized by banks worldwide. However, it’s not the only one cryptocurrency worth recognition.

Dogecoin – a rookie in the cryptofamily, however, since it’s creation on December of 2013, it has built up a strong community based on generosity and kindness, rather than looking to make money, which saw Dogecoin become the second most-tipped currency online within a week of launching.

Dogecoin is a cryptocurrency that functions similarly to Bitcoin, but it is created on the popular “Doge” Internet meme of 2013, which features pictures of Shiba Inus dogs which have been enhanced with Comic Sans text that’s supposedly represents the dog’s inner monologue. Wow. Such speed. So race. Very NASCAR.

Yes, NASCAR, you heard me. The members of /r/Dogecoin – a part of Reddit for tracking the cryptocurrency – decided to use all their resources and power to sponsor NASCAR driver Josh Wise, after he was left sponsorless. And after less that a week the group’s now hit that goal, and raised more than $44,700 in the virtual currency. The total amount also includes $3,000 raised outside of what was raised in Dogecoin, putting the total above $50,000.

“Imagine a Doge,” the original Reddit post exhorted readers. “A Doge that is going 200 MPH into victory lane. Anyone can win Dega. Underfunded or not, for example last year’s race where David Regan and the underfunded team brought home the win.

“Now imagine on TV. DOGE DOGE DOGE DOGE DOGE every time he talks about his car. ‘This Doge Ford Fusion is fast today.’ Every time they talk about the car.”

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Of course, as it always happened on Internet, one of the users (actually, the founder of payments service Moolah.io) pressed the ”0” key one time too many, and instead of giving a generous 2,000,000 Doges ($1500), he ended up giving 10 times this sum.

Later he realized his mistake and decided to challenge other contributors, even offered others who matched 10 percent of it with a pass to the Talladega Superspeedway in Alabama. Good for Josh anyway!

With the money raised, organizer Kevin Dusenberry said the Dogecoin car will run in the Aaron’s 499 on May 4 at Talladega. There is still no ultimate design of the car the will debut at Talladega Superspeedway, so there’s a still a contest open for those who wish to submit their wow-filled designs.

Dusenberry said that “Josh is an underdog in the NASCAR world. Dogecoin is an underdog in the crypto world. It was a match made in heaven.”

This isn’t the first go around the fundraising track for the Dogecoin community. Back in January, the Dogecoin family banded together to amass enough cash to send the much-loved Jamaican Bobsled Team to the Sochi Winter Olympics in Russia.

The NASCAR funding effort is not directly affiliated with the Dogecoin Foundation, a non-profit group set up to work on charitable projects, reports Verge. So far that group has raised $20,000 to provide children in need with service dogs, as well as another project for clean drinking water in Kenya.

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