$25,000 in Dogecoin raised to save the Jamaican bobsled team

Feel the rhythm! Feel the rhyme! Get on up, its bobsled time!

Perhaps the biggest and most inexplicable economic fad in recent years is cryptocurrency, beginning with the most widely accepted of the bunch, Bitcoin. Many other cryptocurrencies have manifested in its wake some taken seriously, such as Litecoin, while others began life in it for the comedy. Dogecoin is the current leader in comedic cryptocurrency, modeling its presence after a fairly old meme that blew up in recent months. Dogecoin was created right when the meme was at its highest saturation point, and was the first popular satirical cryptocurrency, so it came together at just the right time. Now, rather than simply being a cryptocurrency that was so amusing that it actually became valuable, Dogecoin has become a feel-good story and a beacon of hope.

The two-man Jamaican bobsled team qualified for the 2014 Winter Olympics for the first time since 2002, but could not afford to fly to their training session that is, until the funds were raised in Dogecoin.

The Jamaican bobsled team continually finds themselves in feel-good stories, one of which was loosely documented with 1993sCool Runnings. This time around, the feel-good story involves an internet meme and intentional typos and poor grammar. Winston Watt, one half of the bobsled team, launched a donation campaign on Paypal to help raise the necessary funds. The campaign caught the eye of Liam Butler, who happens to run the Dogecoin Foundation along with the currencys two other creators. Butler is a fan ofCool Runnings as most 90s kids are and promptly began a fundraiser in order to help help the Jamaican team. Dubbed Dogesled, the fundraiser managed to nab over 26 million Dogecoins in just a few hours.

Reportedly, so many donations had been rolling in that the exchange rate of Dogecoins were raised by around 50%.

Considering airlines dont yet accept cryptocurrency as a form of payment especially not one based on a goofy Shiba Inu the Dogecoin team exchanged the raised coins for a dollar amount of $25,000. The raised amount still doesnt reach that $40,000 threshold, so you can donate here if youre feeling generous, but it looks like the Jamaican bobsled team has a fighting chance this year.

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$25,000 in Dogecoin raised to save the Jamaican bobsled team