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Dogecoin (DOGE) Founder Billy Markus Turns Down Dogechain’s Juicy $14M Offer

Cryptocurrency Aug 29, 2022 05:32AM ET
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© Reuters. Dogecoin (DOGE) Founder Billy Markus Turns Down Dogechain’s Juicy $14M Offer
 
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Shibetoshi Nakamoto a.k.a Billy Markus once sold his Dogecoin (DOGE) stash for a Honda Civic and failed to capitalize on many ‘get rich quick’ schemes in crypto. As the spooky bear market is continuing to take its toll, it doesn’t seem that the lead developer behind Dogecoin (DOGE) is laughing at the bank anytime soon. Over the weekend, Billy Markus rejected a $14 million promotional offer from Dogechain, the unofficial layer-2 solution for the meme coin.

Erasure of Competition or Act of Compassion?

As Billy Markus turned down the $14 million offer from Dogechain, he remarked ‘No one cares anyway’. The indifference from Dogecoin’s (DOGE) founder could be rooted in the fact that the official developer team of DOGE are working on a Layer-2 solution in partnership with Blue Pepper. The project is set to launch later this year. However, Mr. Markus claims he’s ‘no longer on the project’.

On the other hand, some crypto enthusiasts believe that Billy Markus declined the offer simply out of loyalty for the DOGE Army. If the creator of DOGE genuinely believes that Dogechain is a scam, the refusal to promote the newly-built chain might be an act of compassion.

Grand Launch of $DC Met With Controversy

Despite scam rumors, Dogechain is trending on Twitter (NYSE:TWTR) Monday morning. Furthermore, the governance token $DC skyrocketed by 20.9% in the last 24 hours, according to CoinGecko. At press time, $DC trades at $0.00371792. While all of the TOP 20 cryptos are drowning in the red, the brand new $DC token is growing strong, mostly thanks to over 100 programs already onboard on Dogechain.

This means there are at least 100 dApps going live on Dogechain in the near future. It can be argued that Dogechain is feeding off Dogecoin’s (DOGE) success, but the hype around it also comes from the $DC airdrop. The airdrop started on launch day is bound to send 12% of the total $DC to the community, either early birds or loyal members.

On the Flipside

  • Right after rejecting the $14M offer from Dogechain, Billy Markus endorsed an upcoming Layer-2 solution – the DOGE-ETH bridge by Blue Pepper.
  • Dogecoin (DOGE) had a good run thanks to the Dogechain hype two weeks ago.

Why You Should Care

The quarrel between Dogechain developers and Dogecoin (DOGE) founders can lead to a community split. At the moment, DOGE Army’s opinion on Dogechain is very diversified. While some are cheering the spike of $DC coin, others are making cautionary videos and even blaming the market crash on freshly-built scams on Dogechain.

Find out why Elon Musk is not selling Tesla’s Dogecoin (DOGE) anytime soon

Learn more about the dog race between the top memecoins Shiba Inu (SHIB) & Dogecoin (DOGE)

Continue reading on DailyCoin

Dogecoin (DOGE) Founder Billy Markus Turns Down Dogechain’s Juicy $14M Offer
 

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