Thursday, May 22, 2014

Dogecoin and reddit to sponsor the #98 and Wise at Talladega

One week after voting NASCAR Sprint Cup Series driver Josh Wise and the #98 Phil Parsons Racing team into the All-Star Race, the Dogecoin and reddit communities kicked off another collective effort in support of Wise's NASCAR team. This time, the group focused on primary sponsorship for a second Sprint Cup Series race. With their fundraising goals met in less than a week, Dogecoin and reddit will again sponsor Wise's #98 Ford Fusion at Talladega Superspeedway on October 19. With widespread demand for the Dogecoin shirts worn by the Phil Parsons Racing team throughout the Talladega Superspeedway and Sprint All-Star race weekends, the team agreed to not only produce similar t-shirts, but also to utilize the proceeds of the sales for another primary race sponsorship. Needing to sell at least 5,000 t-shirts, they were able to meet their goal within just six days to confirm sponsorship for the Geico 500 at Talladega Superspeedway later this year. Earlier this year, reddit user and tech fan Denis Pavel noticed a plain black car with a driver he felt 'raced the wheels off the car' during a NASCAR Sprint Cup Series race. The lack of sponsorship caused Pavel to think of some of the significant fundraisers that he's witnessed on the reddit platform, and drove the 16-year-old to utilize the Dogecoin currency to raise sponsorship funds for Wise. Setting and exceeding their goal within the opening week, Dogecoin and reddit partnered with Phil Parsons Racing for the May race at Talladega Superspeedway.(Phil Parsons Racing)

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