Dallas Mavericks will give a $25 e-gift card to supporters who spend more than $150 in Dogecoin in a single transaction. The e-gift card can be used to make purchases on the team’s official website.
To encourage the purchase of merchandise and ticket purchases in Dogecoin by the Dallas Mavericks, Mark Cuban’s NBA team, the Dallas Mavericks launched a cashback incentives scheme (DOGE).
“Mavs Cryptomania” is the name of the rewards program, and clients who spend more than $150 worth of Dogecoin in a single transaction will receive a $25 e-gift card that can be used to make online purchases in the Dallas Mavericks shop.
According to the schedule, the program will conclude on September 30th. Users will be required to spend 505 Doge in order to acquire the e-gift card at the time of writing.
Back in March, the Mavericks began accepting DOGE as a form of payment, and they were also one of the first NBA teams to take Bitcoin (BTC) as payment for tickets and goods in 2019.
With the increasing acceptance rate of Dogecoin, Cuban has said that, while the cryptocurrency began out as a joke, it is now “becoming a digital currency.” Cuban has been an outspoken supporter of Dogecoin since its inception in 2009.
During a May conference call, the billionaire investor said that Dogecoin had outperformed other crypto assets in terms of retail purchases, noting that “we sell more Mavs merchandise for DOGE on a typical day […] than we did in a year with BTC or ETH.”
The crypto and blockchain technology pioneer became a well-known personality in 2021, having invested in a number of crypto and blockchain companies, including the Ethereum-based scaling solution Polygon, the NFT protocol Alethea AI, and the NFT marketplace providers Genius, to name a few.
Recently, the Mavericks’ owner retaliated against Donald Trump’s newest false information campaign, in which the president claimed that Bitcoin and cryptocurrencies were a “disaster waiting to happen.”
The former NBA analyst Bill Ingram stated on September 2 that “I’m not one to agree with the former president on much of anything, but I’ve long questioned whether we really need another form of currency that only has a pretend value because some group of people decides it does.” Ingram is a senior NBA analyst.
With regards to Ingram’s response, Cuban urged him not to conceive of crypto assets as “currencies,” instead emphasizing what he described as the underlying technology that powers the sector: blockchain technology.
“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.”