Announcement on Matrixport Launches Dogecoin ( DOGE ) Dual-Currency Product
Dear Matrixport Users,
Matrixport Dual Currency products now support Dogecoin (DOGE). Users can log in to the Matrixport APP and visit the Dual Currency section to explore.
DOGE dual-currency investment products allow DOGE holders to obtain premium income by selling DOGE at high prices and reducing costs by purchasing DOGE at low prices. It can assist users to optimize their position strategies and obtain higher returns. Please note that DOGE is a popular crypto asset recently and its price fluctuations may become more severe. Please understand the investment risks and conduct a risk assessment before investing.
Details of the DOGE Dual Currency Product:
Minimum Investment
DOGE-U:80 USDT
DOGE:160 DOGE
Investment Period: 1 - 209 days (subject to the latest investment period shown on the APP)
Reference APY: 3.09%~213.08% (Data as of December 3, 2024; for reference only and not investment advice)
Note: *DOGE is a trending cryptocurrency. The investment period is subject to updates in the app. The above reference APY reflects rates as of December 3, 2024; the latest APY can be found in the app.
About DOGE
Dogecoin (DOGE) is a novelty cryptocurrency originally launched as a “memecoin” within the cryptocurrency community. Over time, however, Dogecoin has grown into a large blockchain network and is one of the most popular altcoins available in the market.
There is also a serious basis and reason for the creation and development of Dogecoin. Co-founders, Jackson Palmer and Billy Markus, two software engineers by professional background and experience, wanted to make cryptocurrency accessible to individuals outside of Bitcoin.
It was expressed by the founders that the oversaturation and difficulty in mining Bitcoin from the time of its creation to the start of Dogecoin, made it difficult for the common person to participate in the mining process. This was because of limited resources as well as technological experience. Dogecoin was envisioned as an entry for the less experienced to become involved in the crypto industry.
The launch of Bitcoin in 2009 catalyzed the creation and launch of many different cryptocurrencies, each offering different use cases and functionality. Dogecoin, however, offers no specific use cases — DOGE was a collaborative effort by the crypto community and is now listed on most major exchange platforms.
Dogecoin was originally based on Litecoin and was launched in 2013. Primarily designed to provide a light-hearted means of communicating the basic function of cryptocurrency to mainstream audiences, Dogecoin is based on the “Doge” Shiba Inu meme.
Dogecoin Official Website
About Dual-Currency Product
Dual-currency product(DCP) is an innovative structured product ideal for users seeking additional returns from market fluctuations or optimizing their portfolios. Currently, Matrixport's DCP products support 14 cryptocurrencies, including BTC, ETH, BNB, and DOGE.
Thank you for your continued support of Matrixport. We wish you a rewarding journey in the world of crypto investments!
Matrixport Team
December 3, 2024