Dogecoin Basis clarifies its relationship with Dogecoin 2.0 – bitcoinist.com

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Dogecoin 2.0 is a new project that recently entered the meme coin community. The coin is applying as an updated doge. As a DeFi token in the BSC chain, it is not difficult for investors to confuse the token with the original Doge. This has prompted the Dogecoin Foundation to issue a statement to clarify their relationship with the new Dogecoin 2.0 project.

Dogecoin and Dogecoin 2.0 are two separate tokens

The Dogecoin Foundation made it clear on their website that Doge 2.0 was in no way affiliated with the original Doge. It represented that affected parishioners had brought the former to their attention. Apparently I wanted to know if they were part of the original Doge project. Although the Doge 2.0 calls itself the Doge Upgrade, it is in no way built on or linked to the original Doge.

Related reading | Mark Cuban Pushes Dogecoin Payments With New Incentives

The foundation spoke out in favor of new projects in the community. However, he had to protect his community from projects that could mislead them into believing they were investing in the original project. For this purpose, the trademark protection lawyers foundation asked to get in touch with the developers of the Dogecoin 2.0 project.

The reason for this is to ask the team behind the project to choose a different name for their project. Since the current one seems to have the connotation, it is directly linked to the original Dogecoin project. The name chosen for their token violates the rights and reputation of the Doge brand. And could thus lead to damaging consequences for the project if something goes wrong with the new token.

Previous project denunciations

Doge’s rapid surge in popularity was not without its drawbacks. Various projects have claimed that they have links with the original project. Hoping to benefit from its huge popularity. This has resulted in the Dogecoin Foundation making public statements clarifying that they are in no way affiliated with these projects.

Related reading | The famous “Dogecoin Millionaire” targets Cardano and goes “All In”

These projects include MoonRabbit AngoZaibatsu and the Dogecoin Foundation, which use the doge.org domain. The foundation denied any claims to a partnership with any of these institutions. Explain that this was incorrectly stated by the entities.

The foundation also announced that they were in opposition to actors trying to register trademarks for Dogecoin. As they have no connection with the project they were trying to profit from. The project has always been committed to remaining freely available to its community. And as such, it continues to ensure that the brand is community owned.

Dogecoin price chart from TradingView.com

Doge token trading at $ 0.28 | Source: DOGEUSD on TradingView.com Selected image from Bankrate.com, chart from TradingView.com


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