In the future, revenue could be used solely for rewarding holders of EverGrow. But EverGrow has also developed an ecosystem with an NFT marketplace and content subscription platform from which 100% of revenue is used to buy and burn EverGrow tokens. EverGrow is a hyper-deflationary token that pays out stablecoin rewards from a transaction tax on trading volume. This contrasts with rival crypto social media use cases, such as with EverGrow. He said the cryptocurrency could keep a more stable price than others thanks to the addition of 5 billion DOGE to the supply each year, as miner’s rewards. Musk also said during a podcast interview this year that he likes Dogecoin because it’s ‘inflationary’. If the Twitter takeover is bullish in the short-term, what about the long-term? Would Dogecoin payments on Twitter drive the Dogecoin price longterm? A Tesla supercharging station in Santa Monica also accepts Dogecoin. Elon Musk has already begun accepting payments of Dogecoin for Tesla merchandise online.
Of all the ways Dogecoin might be useful on Twitter, this suggestion has form. “Maybe even an option to pay in Doge?” Musk said in one of the Tweets. He said anyone signing up would get an authentication checkmark, and could use Twitter without ads. In April this year, Musk suggested pricing Twitter Blue at $2 a month for an annual purchase. Musk later said the model was not ‘feasible’.
So you’d have to pay maybe 0.1 DOGE per comment or repost of that comment.” “My Plan B is a blockchain-based version of Twitter, where the ‘tweets’ are embedded in the transaction of comments. Musk text Steve Davis, president of The Boring Company, to say
#Plan b twitter trial#
Musk v Twitter trial reveals Twitter blockchain suggestionĭocument released in the lead up to the Musk v Twitter trial – before Musk decided the deal was back on – showed texts discussing a blockchain version of Twitter.
Musk has been vocal about protecting Twitter from bots but has not commented on using Dogecoin to this end. The co-founder of Dogecoin, Billy Markus, responded to say ‘i like it a lot’. If the contestors are wrong, they would lose their own DOGE collateral. If anyone contests a post and a human confirms it is spam, those who flagged the post would receive and share the spammer’s DOGE. In May this year, Dallas Mavericks boss and Dogecoin holder Mark Cuban exchanged Tweets with Musk about tackling bots.Ĭuban suggested that Twitter users could put up 1 DOGE as collateral for posting. But just what has Elon Musk said about using Dogecoin on Twitter? Suggestion to use Dogecoin to tackle Twitter bots Given Elon Musk’s history of promoting Dogecoin, it’s clear the Twitter news has been a bullish indicator for DOGE. The Dogecoin price has risen higher than any other top 50 cryptocurrency by market cap. The price of Dogecoin has pumped 41% on last week following news of Elon Musk’s successful Twitter takeover.
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