By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BlockscrollBlockscroll
Notification Show More
Latest News
Zuckerberg's Pursuit of Metaverse Reality Costs $13.7B
Zuckerberg’s Pursuit of Metaverse Reality Costs $13.7B
Press Release
According to JPMorgan Survey: 72% of Institutional Investors Avoid Crypto
According to JPMorgan Survey: 72% of Institutional Investors Avoid Crypto
Crypto
The Indian Government Announces New Crypto Tax Penalties
The Indian Government Announces New Crypto Tax Penalties
Crypto
Woah! Dogecoin Whales Made 523 Transactions as DOGE Soars 34%!
Woah! Dogecoin Whales Made 523 Transactions as DOGE Soars 34%!
Crypto
More than 300,000 Changsha Merchants Adopted Digital Yuan
Crypto
Aa
  • Bitcoin
  • Blockchain
  • Ethereum
  • Contact Us
Reading: Dogecoin Co-Founder Rejects $14 Million Offer To Boost Image Of Dogechain
Share
BlockscrollBlockscroll
Aa
Search
Have an existing account? Sign In
Follow US
  • Bitcoin
  • Blockchain
  • Ethereum
  • Contact Us
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Blockscroll > Altcoin > Dogecoin Co-Founder Rejects $14 Million Offer To Boost Image Of Dogechain
AltcoinCrypto

Dogecoin Co-Founder Rejects $14 Million Offer To Boost Image Of Dogechain

Teresa Bach
Last updated: 2022/11/19 at 1:09 PM
By Teresa Bach 5 months ago
Share
3 Min Read
Dogecoin
SHARE

Billy Markus, one of Dogecoin’s co-founders, has declined $14 million worth of cryptocurrency.
Dogechain, a relatively new digital currency that’s making some noise in the crypto industry, sought the outspoken infotech developer to promote the blockchain project.
Dogechain is designed to bridge the gap between the meme coin and Web3.
A Twitter user with the handle @RepeatAfterVee made Markus’s rejection of the offer public. The user said that Markus, who co-created the first meme coin with Jackson Palmer, declined an offer to tweet about – and perhaps boost – the image of Dogechain.
According to the Twitter user, Markus’ refusal to accept the offer was evidence of his unwillingness to “betray” the DOGE community.
Consequently, his acts merited the “highest regard” from the Dogecoin community.
In response to the tweet, Markus reminded the community that he had not become wealthy by developing the crypto. He stated that he was even occasionally accused of advocating pump-and-dump scams on the cryptocurrency market.

Image: Capital.com
Dogecoin Created To Mock Bitcoin
The creators of Dogecoin claimed they developed the dog-theme altcoin to poke fun at Bitcoin (BTC), the top cryptocurrency in terms of market capitalization and popularity.
The term “doge” is a deliberate misuse of the word “dog,” and the cryptocurrency’s creators admit they chose this moniker to make the cryptocurrency “as ridiculous as possible.”
A member of the Dogecoin Foundation, Jens Wiechers, clarified that Dogechain is an unofficial initiative unaffiliated with the popular meme coin or its creators.
He said:
“Claims in the media that Dogecoin launched a test network called “Dogechain” are untrue… The token is not related with Dogecoin, its developers, or anybody involved with The Dogecoin Foundation.”
Shortly after the Dogecoin project’s inception, Markus left. However, he is still active on Twitter and tweets regularly about his creation and the crypto sector in general.
Recently, he admitted he had no plans to restart DOGE project, or develop a new digital currency.
Dogecoin Vs. Dogechain
Dogechain was introduced earlier this month as a means for Ethereum (ETH)-based developers to create decentralized finance, non-fungible tokens, and other DOGE-based crypto solutions.
At the time of writing, DOGE was trading at $0.06375, a decrease of around 3% over the previous 24 hours.
Meanwhile, the meme coin’s community has been advised against investing in Dogechain, despite its value increasing by almost 240% during the last two days.
Nonetheless, a portion of the earnings have been lost. Statistics from Coingecko show the meme coin was trading at $0.00261, down 7.5% in the last 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

You Might Also Like

According to JPMorgan Survey: 72% of Institutional Investors Avoid Crypto

The Indian Government Announces New Crypto Tax Penalties

Woah! Dogecoin Whales Made 523 Transactions as DOGE Soars 34%!

More than 300,000 Changsha Merchants Adopted Digital Yuan

Alameda Files Lawsuit to Recoup $446 Million in Cryptocurrency Paid to Voyager

Teresa Bach August 28, 2022
Share this Article
Facebook Twitter Email Print
Share
Teresa Bach
By Teresa Bach
Teresa is a crypto writer. She is interested in cryptocurrencies, technology, and in particular the subject of online security. An open supporter of freedom of speech, privacy, and equality for all. On a personal level, he likes to stay socially active, loves playing snooker, cricket, enjoys seafood, and loves listening to folk music.
Previous Article Ethereum Majority Of Ethereum Investors Maintain Profitability Despite Decline Below $1,700
Next Article Crypto Corner: The Sports Slice
BlockscrollBlockscroll
Follow US

© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?