Dogecoin (DOGE) Founder Billy Markus Turns Down Dogechain’s Juicy $14M Offer
2022.08.29 20:37
Dogecoin (DOGE) Founder Billy Markus Turns Down Dogechain’s Juicy $14M Offer
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.
NEWS UPDATE: Billy Markus, Co-Founder of #Doge, has rejected an offer of 10 Billion $DOGE ($14M) to promote #Dogechain, a project bridging the gap between Doge and Web3. Billy says “no one really cares anyway”. #CryptoNews #Dogecoin #Memecoin
— Gokhshtein Media (@gokhshteinmedia) August 27, 2022
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.
IMPORTANT!Billy was offered to get 10B DC from Dogechain to promote their project.That is, at the current price, 14 MILLION DOLLARS.@BillyM2k turning down this much money to avoid betraying your community is worthy of our deepest respect. pic.twitter.com/3YyAfXfA1X
— Vee (@RepeatAfterVee) August 25, 2022
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.
We built it, you came! More than 100 projects have applied to the #Dogechain onboarding program and are building dApps to be added to our ecosystem.Our team has been onboarding these separately so that $DOGE holders can use their coins as gas on top-notch applications pic.twitter.com/yVXGd1Fi8g
— Dogechain (Giving away a Tesla (NASDAQ:TSLA)) (@DogechainFamily) August 28, 2022
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.
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