Dogecoin DOGE/USD has a new faux executive team and it is seemingly approved by Tesla Inc TSLA CEO Elon Musk.
What Happened: Earlier on Tuesday, Dogecoin co-creator Billy Markus posted a tweet addressing meme Twitter handle Greg and informing him that the CEO term for fake Dogecoin company has ended.
Alright - as @greg16676935420’s fake CEO term for the fake dogecoin company has ended (and we thank you very much for your service), we are in need of a new one to fill the vacant fake spot. Any ideas?
— Shibetoshi Nakamoto (@BillyM2k) November 2, 2021
Markus said he had consumed a taco and made his decision on the next CEO. In response, Musk proposed himself for the CEO post.
Me!
— Elon Musk (@elonmusk) November 2, 2021
Markus had a completely different idea.
hm i feel like you need a better fake title than faux ceo
— Shibetoshi Nakamoto (@BillyM2k) November 2, 2021
something like the Top Innovator of Technological Services
The Tesla CEO proposed the name of his dog Floki as his Dogecoin peer appreciating the pet’s judgment.
How about my lil doge Floki? He would make a great CEO! His judgment is .
— Elon Musk (@elonmusk) November 2, 2021
Kabosu, the dog featured on the original Dogecoin meme, was ultimately declared CEO by Markus.
The new fake CEO of dogecoin is…!
— Shibetoshi Nakamoto (@BillyM2k) November 2, 2021
One who has embodied dogecoin before it was even in existence.
They are the most qualified for the position. It is unquestionable.
The goodest doge of all, the face of the coin, who has inspired millions to Do Only Good Everyday.
Kabosu. pic.twitter.com/NxqnuyCVQM
Markus nominated Musk for the fake Chairman of the board position, while Floki got the nomination for the job of President courtesy Markus. Musk replied with a smiling face emoji in response.
�
— Elon Musk (@elonmusk) November 3, 2021
See Also: How To Buy Dogecoin (DOGE)
Why It Matters: Kabosu recently turned 16, the internet icon's owner keeps the world updated on her through an Instagram account and a blog.
In September, the original Dogecoin meme featuring Kobasu, turned into a non fungible token or NFT, surged in value after it was fractionalized into 16.9 billion $DOG ERC-20 tokens.
Earlier, another piece of digital art featuring Kobasu — the “Feisty Doge NFT” — became the world’s most valuable NFT at $110 million.
While Kobasu may be the latest fake Dogecoin CEO, the meme cryptocurrency is associated with the reinvigorated and very real Dogecoin Foundation which includes Markus, Ethereum co-founder Vitalik Buterin, core developers Ross Nicoll and Michi Lumin among others.
While Musk said this year he was working with Dogecoin developers and is often viewed as a DOGE bull, he made it clear this year that he is not the project's CEO and his ability to take action is "limited."
Price Action: At press time DOGE traded nearly flat at $0.27 over 24 hours.
Read Next: Tesla CEO Elon Musk Denies His Partner Is Affiliated With Dogecoin Foundation
Photo: Courtesy of Tesla Owners Belgium Club via Flickr
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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