Mark Cuban’s Dallas Mavericks supply cashback rewards on Dogecoin purchases
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 value of Dogecoin in a single transaction will obtain a $25 e-gift card that they’ll use for on-line purchases within the Dallas Mavs store.
The program is slated to complete on September 30. At the time of writing, customers might want to outlay 505 Doge with the intention to obtain the e-gift card.
The Mavs began accepting DOGE for funds again in March and had been additionally one of many first NBA franchises to just accept Bitcoin (BTC) funds for tickets and merchandise again in 2019.
Cuban is a serious Dogecoin proponent and said in April that whereas the coin began as a joke, it’s “becoming a digital currency” on account of its increasing adoption rate.
The billionaire investor stated in May that Dogecoin had outperformed other crypto assets in terms of merchandise purchases, as he noted that “we sell more Mavs merchandise for DOGE on a typical day […] than we did in a year with BTC or ETH.”
Cuban has become a prominent figure in crypto and blockchain tech in 2021 and has backed various crypto and blockchain projects such as Ethereum-based scaling solution Polygon, NFT protocol Alethea AI and NFT marketplace providers Genius, to name a few.
The Mavs owner recently fired back in response to Donald Trump’s latest FUD in which he suggested that Bitcoin and cryptocurrencies were a “disaster waiting to happen.”
Related: Doge meme hits $220M valuation, as Sotheby’s Bored Apes auction is tipped to fetch $18M
Senior NBA analyst Bill Ingram stated on Sept. 2 that “I’m not one to agree with the former president on much of anything, but I have long wondered whether we really need another form of currency that only has a pretend value because some group of people decides to pretend it does.”
Cuban responded by urging Ingram to not consider crypto property as “currencies,” as he emphasised the underlying tech that drives the sector:
“Think of them as decentralized, secure, networked platforms with features that allow for the development of apps that can have unique utility for individuals and businesses.”