The latest statements from the inventor of the largest meme coin project, Dogecoin (DOGE), have caught the attention of many in the community. Billy Markus made a few statements about the newly introduced BEN meme coin. Here are the details…
Dogecoin inventor warns for BEN
Members of the Dogecoin (DOGE) community and advocates of the newly launched BEN meme coin may come face-to-face after the announcement by software developer Billy Markus, co-founder of DOGE, the flagship meme coin. Recently, Markus commented on a move by Ben Armstrong, a popular crypto influencer known as Bitboy. He expressed his disappointment at an announcement made by Armstrong regarding the BEN coin project. Markus described the update as “pretty lame” in a tweet after Armstrong announced he had officially joined the BEN coin team.
this is pretty lame
— Shibetoshi Nakamoto (@BillyM2k) May 9, 2023
The DOGE founder’s response tweet received a lot of backlash from the crypto community, with some demanding that Armstrong be sued if the BEN coin eventually went to zero. Additionally, Armstrong claimed that he and a person with the username ben.eth, along with a third member to be announced soon, will form the “Three Wise Me” team to lead the meme coin project.
Armstrong ambitious for BEN: Could make top 50
Armstrong revealed that BEN will not only be a meme coin, but also an attention economy coin. According to Armstrong, BEN’s primary goal is to support the adoption and use of cryptocurrencies. For this, it will be to create a positive awareness. He added that BEN could become a monster coin that could rank among the top 20 to 50 cryptos. He also stated that the community around BEN is already amazing and they will work to bring more positive changes.
$BEN now stands for:
“Be Everywhere Now”
We are going to really change things. So yes, this started out as a memecoin. So let’s have fun with it. Community is already amazing.
But let’s not just talk about it. Let’s be about. Video coming later.
3/3
— Ben Armstrong (@Bitboy_Crypto) May 9, 2023
While some may not see BEN as just another meme coin, the attention economy coin concept continues to gain traction in the crypto industry. Attention economy coins aim to reward users for their attention and participation and ultimately create a self-sustaining ecosystem. He also stated that the crypto influencer BEN stands for “Be Everywhere Now”, which is a representative expression for the proposed attention economy.
Is DOGE a security?
Last month, the Dogecoin founder argued that DOGE shares almost 100 percent the same code base with Bitcoin (BTC), the most popular crypto. So, he concluded that if DOGE was to be categorized as a security, Bitcoin was a security too. According to cryptokoin.com data, DOGE has a market capitalization of over $10 billion. Thus, it is among the top ten cryptocurrencies.
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