Dallas Mavericks, Mark Cuban’s NBA franchise, began a cashback rewards program to incentivize merchandise and ticket funds in Dogecoin (DOGE).
The rewards program is dubbed “Mavs Cryptomania,” and clients who spend greater than $150 price of Dogecoin in a single transaction will obtain a $25 e-gift card that they will use for on-line purchases within the Dallas Mavs store.
This system is slated to complete on September 30. On the time of writing, customers might want to outlay 505 Doge with the intention to obtain the e-gift card.
The billionaire investor said in Might that Dogecoin had outperformed other crypto assets when it comes to merchandise purchases, as he famous that “we promote extra Mavs merchandise for DOGE on a typical day […] than we did in a yr with BTC or ETH.”
Cuban has turn out to be a outstanding determine in crypto and blockchain tech in 2021 and has backed numerous crypto and blockchain tasks reminiscent of Ethereum-based scaling solution Polygon, NFT protocol Alethea AI and NFT marketplace providers Genius, to call just a few.
Senior NBA analyst Invoice Ingram stated on Sept. 2 that “I am not one to agree with the previous president on a lot of something, however I’ve lengthy puzzled whether or not we actually want one other type of forex that solely has a fake worth as a result of some group of individuals decides to fake it does.”
Cuban responded by urging Ingram to not consider crypto property as “currencies,” as he emphasised the underlying tech that drives the sector:
“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.”