Doge4Water Campaign Raising 40 Million Dogecoin
The Doge4Water campaign is seeking to raising 40 million dogecoin by 22 March in order to help people in drought-stricken Africa.

The latest fundraising effort by the dogecoin community is looking to raise money to help provide water for people in drought-striken Kenya.

The Doge4Water campaign is seeking to raise 40 million dogecoin by Saturday, 22 March which is World Water Day. So far the campaign has raised just north of 16.6 million dogecoin in the eight days since the campaign was launched.

The Doge4Water campaign was the brainchild of digital currency entrepreneur Eric Nakagawa who has teamed up with the New York-based non-profit water:charity to try and raise funds to support a remote region in Kenya near the Tana River.

The money raised will go towards buying two drilling wells in Kenya as well as helping to provide access to water and provide locals with the tools to retrieve and store water.

The video below produced by water:charity shows just how harsh the conditions some Kenyans experience on a daily basis just to secure clean water.

Estimating 

As with all cryptocurrencies, accurately estimating how much in fiat currency the 40 million dogecoins will be worth when finally converted is difficult, but at the time of publication (based on 1 dogecoin = $0.0008) if the target is met, Doge4Water will have raised $32,000 (£19,270).

Kenya is one of the world worst affected countries in terms of access to clean, drinkable water and it is projected to have less than a quarter of the water its people need by 2025 thanks to a growing population and climate change.

Doge4Water is just the latest fundraising effort by the dogecoin community, which has already helped the Jamaican bobsled team and a trio of Indian athletes travel to last month's Sochi Winter Olympics.

Dogecoin is the meme-based cryptocurrency which started out life as somewhat of a joke but thanks to the vibrant and active community which has built up around it, has carved out a niche for itself within the growing cryptocurrency world.

In an interview with IBTimes UK in January, founders Jackson Palmer and Billy Markus said they weren't interested in making millions from their creation, but wanted it to become the "currency of the internet", perfect for making micro-transactions and tipping people online.