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The creator of popular meme token Dogecoin (DOGE) is rejecting an offer worth millions of dollars in digital assets to promote an unofficial offshoot crypto project.
Billy Markus, co-founder of the dog-themed crypto asset, has rejected an offer of 10 billion DOGE, worth about $14 million at time of writing, to promote Dogechain, a blockchain project that aims to bridge the gap between Dogecoin and Web3.
Replying to a Twitter user who broke the news, Markus says that “no one really cares anyway” if rejecting the offer avoided betraying the DOGE community because people just assume he got rich off of creating DOGE or running pump and dump schemes.
As stated by user Vee,
“Billy was offered to get 10 billion Dogecoin from Dogechain to promote their project.
That is, at the current price, $14 MILLION.
[Billy Markus] turning down this much money to avoid betraying your community is worthy of our deepest respect.”
Jens Wiechers, a member of the Dogecoin foundation, quickly pointed out that Dogechain is an unofficial project not affiliated with the popular meme coin or its founders.
“Claims in paid media that Dogecoin launched a “Dogechain” test network are false.
Neither Dogecoin, [Dogecoin developers] or others associated with [The Dogecoin Foundation] are in any way affiliated with the token.”
Dogechain launched earlier this month as a way for Ethereum (ETH)-based developers to build decentralized finance (DeFi), non-fungible tokens (NFT), and other crypto-related products with DOGE.
“Dogechain presents to developers a platform to build DeFi, GameFi, NFT platforms, and other decentralized applications with DOGE as part of its core economic system.
Being EVM (Ethereum Virtual Machine) compatible, developers on Ethereum and other EVM blockchains can easily build new applications or bridge their existing applications to Dogechain without changing their original code or learning new programming languages.”
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Featured Image: Shutterstock/Frank Rohde