Dogecoin Team Not Happy With YouTuber for Abusing DOGE Trademark.
The Dogecoin Foundation is considering taking legal action against popular YouTuber and DOGE influencer Matt Wallace for planning to launch another token under the cryptocurrency’s trademark.
In a series of tweets, Wallace, a proponent of the popular memecoin, disclosed earlier that he intends to foster the adoption of dogecoin payments among retailers globally by educating merchants about the opportunities associated with DOGE payments.
Instead of seeking funds for the project in DOGE, Wallace and his team disclosed that they will raise funds to support the initiative by creating a new token dubbed Accept Dogecoin.
Dogecoin Founder Fumes
Not comfortable with the development, the Dogecoin Foundation via its pseudonymous founder Shibetoshi Nakamoto persuaded the long-term DOGE promoter, asking him to discontinue any plans of developing a new token for the purpose of “helping” the memecoin.
The Dogecoin team even went as far as threatening legal action against Wallace and his team for the abuse of the Dogecoin trademark and misleading statements capable of luring unsuspecting investors into investing in the proposed cryptocurrency project.
“Matt, literally, you are literally breaking the law. The Dogecoin Foundation is looking into taking legal action against you. You’re NOT helping Dogecoin. Knock it off with this “positivity” thing. There is nothing positive about being a criminal, the thing you are doing,” Dogecoin founder tweeted.
Matt, literally, you are breaking the law. The Dogecoin Foundation is looking into taking legal action against you. You're NOT helping dogecoin. Knock it off with this "positivity" thing. There is nothing positive about being a criminal, the thing you are doing.
— Shibetoshi Nakamoto (@BillyM2k) March 23, 2022
Accept Dogecoin’s Team’s Shady Past
Interestingly, further investigations into the identity of the team member for the cryptocurrency project show their previous affiliations with different criminal operations.
The crypto’s Lead Organizer, Myles Watkins, is a former felon who was charged with kidnapping, while another team member has been involved in different pump and dump schemes, including Baby Lambo Inu and Tiger King.
Dogecoin founder said:
“You can also NOT release the trademark violation token with your actual criminal partner, that would be a start to being “positive.” Dogecoin people wouldn’t care if you stopped shilling dogecoin while doing your own shady crap. Stop talking about dogecoin. Go away.”
Dogecoin Community Against Wallace’s Initiative
The team’s shady past makes the community wonder whether Wallace’s Accept Dogecoin’s cryptocurrency project, which plans to launch on March 29, 2022, is genuine.
Since Wallace brought the initiative to public notice, the move has received backlash from the Dogecoin community, who believe Wallace and his team want to launch the cryptocurrency for their selfish interests.
“Matt serious question: If you’re looking to build a team to educate retailers on accepting Doge, why create a new token? Why not raise capital in Doge, pay people in Doge & teach retailers about Doge. Besides, the community would be willing to do this without pay. Makes no sense,” @TDogeWhisperer tweeted.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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