Dogecoin Co-Founder Rejects $14 Million Offer To Boost Image Of Dogechain
Billy Markus, one of Dogecoin’s co-founders, can’t buy with money — even if it’s… say — $14 million.
Dogechain, a relatively new digital currency making waves in the crypto industry, seeks out outspoken information technology developers to promote blockchain projects.
Dogechain aims to bridge the gap between meme coins and Web3.
A Twitter user with the handle @RepeatAfterVee disclosed that Markus rejected the proposal. Marcus, who co-created the first meme coin with Jackson Palmer, declined the offer to tweet about—perhaps raising—the profile of the dog on leash, the user said.
According to Twitter users, Marcus’ refusal to accept the offer is evidence of his unwillingness to “betray” the DOGE community.
As such, his actions deserve “high regard” from the Dogecoin community.
In response to the tweet, Marcus reminded the community that he did not get rich by developing cryptocurrencies. He said he was even occasionally accused of promoting pump-and-dump scams in the cryptocurrency market.
Dogecoin Created to Simulate Bitcoin
The creators of Dogecoin claim that they developed a dog-themed altcoin to make fun of Bitcoin (BTC), the most popular cryptocurrency by market cap and popularity.
The word “doge” is a deliberate misuse of the word “dog,” a moniker the cryptocurrency’s creators admit they chose to use to make the cryptocurrency “as ridiculous as possible.”
Jens Wiechers, a member of the Dogecoin Foundation, clarified that Dogechain is an unofficial initiative and has nothing to do with the popular meme coin or its creator.
“The media claim that Dogecoin has launched a testnet called ‘Dogechain’ is untrue… The coin has no affiliation with Dogecoin, its developers or anyone associated with the Dogecoin Foundation .”
Not long after the Dogecoin project was launched, Marcus left. However, he remains active on Twitter and regularly tweets about his creations and the crypto industry in general.
Recently, he admitted that he has no plans to restart the DOGE project, nor to develop a new digital currency.
Dogecoin vs.dog chain
Dogechain launched earlier this month as a means for Ethereum (ETH)-based developers to create decentralized finance, non-fungible tokens and other DOGE-based cryptographic solutions.
At the time of writing, DOGE is trading at $0.06375, down about 3% over the past 24 hours.
Meanwhile, the memecoin community has been advised against investing in Dogechain, despite its value rising nearly 240% over the past two days.
Still, some gains have been lost. Statistics from Coingecko show that the meme token is trading at $0.00261, down 7.5% over the past 24 hours.
BTC total market cap at $382 billion on the daily chart | Source: TradingView.com Featured image from Cryptured.com, chart from TradingView.com