‘Neither Jared, Nor Me’: Elon Musk Denies Links to Dogecoin Foundation

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Elon Musk has cleared rumours round his affiliation with the Dogecoin Foundation. In a tweet, Musk stated neither he, nor his affiliate Jared Birchall, are on the advisory board of the Dogecoin Foundation. The Dogecoin Foundation goals to develop and promote the meme-based crypto coin by way of patents, advocacy, and trademark safety. As of now, the muse has not reacted to Musk’s statements disassociating himself and his affiliate from the organisation.

In August, when the Dogecoin Foundation re-launched, it reportedly listed Birchall as one of many board advisors.

Musk’s denial to any hyperlinks with the muse got here as he was replying to a tweet that stated, “Jared Birchall represents Elon Musk, but as all advisors he has no direct voting rights. This guarantees the foundation stays independent while taking advantage of the expertise of shibes like Elon”.

Since Musk has remained an avid supporter of the Dogecoin in addition to cryptocurrencies generally, his reported affiliation with the Dogecoin Foundation didn’t increase any questions, till the Tesla CEO denied his hyperlinks to the organisation.

In August, the Doge-supporting physique threatened copycat Dogecoin 2.0 (DOGE2) with authorized motion in a bid to safeguard the unique Dogecoin’s market fame and place.

The core builders and supporters of the canine meme-based crypto-coin together with Gary Lachance, Jens Wiechers, Timothy Stebbing, Michi Lumin, and Ross Nicoll have additionally been listed as the muse board members. Billy Markus, who based the Dogecoin can also be reportedly a part of the organisation.

As per the Gadgets 360 crypto-price tracker, the meme-coin is presently buying and selling at $0.28 (roughly Rs. 21).

Earlier in October, US-based film theatre chain AMC Theatres formally started accepting funds in Dogecoin.

At the time, Musk had additionally stated that the Dogecoin dealing with charges needs to be reduced so as to make on a regular basis purchases “viable” to the typical client.


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Source: gadgets.ndtv.com