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Dogecoin

2011 NBA Champs Dallas Mavericks Offering Cashback Rewards On Dogecoin Purchases

by Miki 09/03/2021
by Miki 09/03/2021 0 comment

Fans can now buy official Dallas Mavericks merch using Dogecoin from the team’s online store and get a $25 e-gift card for every $150 spent in a single transaction. 

DOGE Payments Win Rewards

Dallas Mavericks owner Mark Cuban has been a long-time Dogecoin supporter. Back in March 2021, he had announced that fans would be able to use this crypto at the team’s online store to purchase merchandise. His most recent announcement of the “Mavs Cryptomania” has sweetened the deal even further for customers who spend more than $150 worth of Dogecoin in a single transaction by offering them a $25 e-gift card they can use in the Dallas Mavs online store.

Other than merchandise, purchases can also include suite tickets as well as lower-level seats at any Mavericks home game. The rewards program will run until the end of September, and users will reportedly need to outlay 505 DOGE to receive the e-gift card. 

Mark Cuban And His Love For The Doge

Cuban has always brought his crypto-enthusiasm to the Mavs’ commercial enterprises. Back in 2019, the Dallas Mavericks became one of the first NBA franchises to accept BTC payments for tickets and merch. The team also was the first in the league to accept Dogecoin payments for both merchandise and ticket sales. Cuban has also been quite outspoken about his positive stance on Dogecoin, calling it the “people’s way to pay.” He has also discussed that the sales have outperformed other crypto assets ever since the Mavs started accepting DOGE payments. 

He stated, 

“We sell more Mavs merchandise for DOGE on a typical day […] than we did in a year with BTC or ETH.”

Naysayers Aplenty

However, CEO of Galaxy Digital, Mike Novogratz does not agree with Cuban about Dogecoin’s future potential. In a recent interview on Bloomberg TV, Novogratz denounced the coin, calling it a “joke” and refused to acknowledge the community behind the coin. He also commented on Mark Cuban’s Dogecoin preference, saying that the billionaire-entrepreneur has made money by shorting on DOGE. Novogratz also appealed to listeners to turn away from a memecoin like Doge and instead focus their investment and developmental efforts on the big dogs like Bitcoin. 

He stated, 

“In the last two months, bitcoin, and crypto, and blockchain have become an institutional asset class – there’s no debate anymore…Every once in a while, you have paradigm shifts in markets. We are in the middle of a paradigm shift, and so bitcoin is wildly out-performing gold”

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

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      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
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      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

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      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

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      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

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