Elon Musk has dispelled rumors about his affiliation with the Dogecoin Foundation. In a tweet, Musk said that neither he nor his associate Jared Birchall are on the advisory board of the Dogecoin Foundation. The Dogecoin Foundation aims to promote and promote the meme-based crypto coin through patents, advocacy and trademark protection. So far, the foundation has not responded to Musk’s statements to distance himself and his employees from the organization.
In August, when the Dogecoin Foundation was re-established, Birchall was reportedly listed as one of the board advisors.
Musk’s denial of any association with the foundation came when he responded to a tweet that said, “Jared Birchall represents Elon Musk, but as all advisors, he has no direct voting rights. This guarantees that the foundation remains independent and at the same time uses the expertise of Shibes and Elon. “
Neither Jared, nor I, nor anyone I know has anything to do with this foundation
– Elon Musk (@elonmusk) October 24, 2021
With Musk remaining an avid supporter of Dogecoin, as well as cryptocurrencies in general, his alleged association with the Dogecoin Foundation raised no questions until the Tesla CEO denied his ties to the organization.
In August, the Doge-supporting body threatened the copycat Dogecoin 2.0 (DOGE2) with legal action to protect the market reputation and position of the original Dogecoin.
The core developers and supporters of the dog meme-based crypto-coin, including Gary Lachance, Jens Wiechers, Timothy Stebbing, Michi Lumin, and Ross Nicoll, were also listed as board members. Billy Markus, who founded Dogecoin, is also said to be part of the organization.
According to the crypto price tracker Gadgets 360, the meme coin is currently trading at $ 0.28 (about 21 rupees).
At the beginning of October, the American cinema chain AMC Theaters officially accepted payments in Dogecoin.
Musk had also said at the time that Dogecoin processing fees should be lowered to make everyday purchases “viable” for the average consumer.
Super important doge fees dropping to make things like buying Filmtix profitable
– Elon Musk (@elonmusk) September 22, 2021 Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.