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Tesla’s Elon Musk Became CEO of Dogecoin (DOGE), But Just Stepped Down


CEO of Tesla Elon Musk who today showed interest in Dogecoin (DOGE), a meme digital asset, has silently accepted to be the CEO of the cryptocurrency project. Shortly afterward, the entrepreneur dropped the position, placing “Former CEO of Dogecoin” on his Twitter handle.

How it all started

Yesterday, Dogecoin community decided to look for a CEO whocan manage the Doge project. The decision came after the community pleaded to have someone as the project’s CEO due to the fact that the founder, Jackson Palmer, dumped the cryptocurrency project.

Dogecoin community voted Elon Musk as their next CEO out of the four selected individuals: Vitalik Buterin, Charlie Lee, Marshall Hayner and Elon Musk.

Read: Ex IMF Economist Suggests Investors Buy Bitcoin (BTC) As Price Goes Ballistic

While Elon did not publicly announce the acceptance of the position, the successful entrepreneur who was among those who created PayPal, said “Dogecoin might be my fav cryptocurrency. It’s pretty cool.”

Responding to Elon Musk statement, the cryptocurrency community requested his email to get the access codes.

“Looks like you’re the CEO now @elonmusk, DM us where to email the access codes.”

Afterward, Elon tweeted about Dogecoin, saying the digital asset “rulz”.

Dogecoin’s Palmer is Elon Musk Associate

The founder of Dogecoin, Palmer, had helped the Teslabillionaire eradicate Twitter spam bots scamming unsuspecting Twitter users in the name of Elon Musk.

Despite the fact that Twitter had said it would block any account that changed its name to Elon Musk, many a number of scam bots still existed at the time, and scammed lots of individuals through the means.

However, Palmer said he would help the CEO solve the problem. Shortly afterward, Elon Musk reached out to him, and the founder of Dogecoin helped eradicate the problem, completely.

Meanwhile, Palmer has announced toward the end of March that he’s not involved in any cryptocurrency.

Read: Bitcoin Price To $28K, Ethereum To $2K, Litecoin To $650 By April 2019. How Possible?

The crypto founder said: “Reminder: I am not involved with any cryptocurrency project, in any capacity. If someone tells you otherwise, they’re lying to you. I do not have a Telegram, WhatsApp or other IM account, and do not email my subscribers/followers. Beware impersonators.”

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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Jack Marshall

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