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The developer of the well-known meme coin Dogecoin (DOGE) has declined an offer to promote an unauthorized cryptocurrency project in exchange for millions of dollars worth of digital assets. Billy Markus, the co-founder of the cryptocurrency with a canine motif, declined an offer of 10 billion DOGE, or roughly $14 million at the time of writing, to help spread the word about Dogechain, a blockchain initiative that seeks to connect Dogecoin with Web3.
Markus claims that no one really cares anyhow if declining the offer prevented betraying the DOGE community since people just think he made money off of developing DOGE or operating pump and dump scams. Markus was responding to a Twitter user who first reported the story.
According to user Vee, Billy received an offer from Dogechain to get 10 billion Dogecoins to support their initiative. According to the current price, that comes to $14 million. They have the utmost respect for Billy Markus for refusing to betray his community in exchange for this much money. A Dogecoin foundation member named Jens Wiechers swiftly clarified that Dogechain is an unapproved initiative that is not connected to the well-known joke currency or its creators.
It is untrue that Dogecoin established a Dogechain test network, despite claims made in sponsored media. The token is not connected to Dogecoin, Dogecoin creators, or anybody else connected to The Dogecoin Foundation. It was introduced earlier this month as a means for Ethereum (ETH)-based developers to create non-fungible tokens (NFT), decentralized finance (DeFi), and other cryptocurrency-related businesses using DOGE.
Dogechain offers developers a platform on which they may create DeFi, GameFi, NFT platforms, and other decentralized apps using DOGE as a component of its primary economic system. Because Dogechain is EVM, or Ethereum Virtual Machine compatible, developers working on Ethereum and other EVM blockchains may quickly port their current apps to Dogechain without having to change the original code or learn new programming languages.
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