Dogechain Fails to get DOGE Developer’s Support! Despite Offering US$14M

Billy Markus, one of DOGE developers, turned down a US$14 million cryptocurrency offering.

One of the most popular meme coins, Dogecoin, is taking the global crypto market by storm with Dogechain headlines. Billy Markus, one of DOGE developers, turned down a US$14 million cryptocurrency offering. Dogechain provided this resource to Markus for the outspoken IT engineer to inform the DOGE army about the project.

Money can't by DOGE developer

A Twitter user with the handle @RepeatAfterVee made Markus's rejection of the offer public. The user said that Markus, who co-created the first meme coin with Jackson Palmer, declined an offer to tweet about – and perhaps boost – the image of Dogechain.

According to the Twitter user, Markus' refusal to accept the offer was evidence of his unwillingness to "betray" the DOGE community.

Consequently, his acts merited the "highest regard" from the Dogecoin community.

In response to the tweet, Markus reminded the community that he had not become wealthy by developing the crypto. He stated that he was even occasionally accused of advocating pump-and-dump scams on the cryptocurrency market.

Dogechain is supposed to bridge over Dogecoin (DOGE) to help crypto investors enter the DeFi services with the potential future in the NFT market. DOGE is gaining popularity for the launch of Dogechain as its utility for crypto investors. Meanwhile, DOGE founders have defied that this Dogechain will ensure that crypto investors will be turned into millionaires in this highly volatile crypto market.

Dogecoin has increased its price for the new information on the launch of the so-called layer-2 for Dogecoin. It holds the power to enable the creation of DeFi protocols, DApps, as well as NFT collectibles with a wide range of interactive games. Crypto investors and DOGE founders have claimed that Dogechain is not built on top of Dogecoin but it is a separate network based on Polygon Edge. It is a customized blockchain network from one of the top Ethereum sidechains known as Polygon.

DOGE Developers have declined the fact that Dogechain is an official part of many Dogecoin projects. They have claimed that Dogecoin is not at all involved with Dogechain as well as the DOGE founders. Thus, Dogecoin has not guaranteed all crypto investors that they can turn into millionaires after investing in Dogechain in the highly volatile crypto market. Dogechain has followed the patterns of the DOGE community to make it think like these two are connected.

Dogechain has ensured crypto investors with plans of airdropping native tokens for Dogecoin crypto investors and many others. After the official declaration of DOGE founders declining the involvement with Dogechain, crypto investors have become careful within this risky venture. But this led to the increase in the DOGE price for the EVM-compatible Dogechain network. DOGE founders also claimed that Dogechain is not an affiliated product and the paid media in the global crypto market has started spreading false information to confuse crypto investors. It is just another knockoff token of Dogecoin for crypto investors to be more careful before making any investment decision.

Thus, crypto investors must deal with Dogecoin and Dogechain separately as it is evident that these two are not connected. Now it is up to them whether they want to drive profit or lose bucks instead of becoming a millionaire crypto investor.

History of Dogecoin

A cryptocurrency known as Dogecoin was created in 2013 by Jackson Palmer and Billy Markus. Its name derives from the Shiba Inu dog, which serves as its mascot. The market value of Dogecoin (DOGE), which has experienced significant growth, is above $7 billion. Dogecoin was initially developed as a joke based on a Shiba Inu meme that was widely shared (a Japanese breed of dog). It shares the same proof-of-work algorithm as Litecoin. A devoted group of users of Dogecoin exchange it and employ it as payment for social media content tips.

However, the bear market events of 2022 have had a significant impact on it, just like it has on all cryptocurrencies. Despite this, we think that Dogecoin (DOGE) can be a profitable investment at the moment. Many investors can afford it thanks to its low price, and its intended use as a quirky currency may help it stand out in a sea of more serious cryptocurrencies.

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