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HomeBitcoinHow Did Crypto Followers Pay Homage to Elon Musk This Week?

How Did Crypto Followers Pay Homage to Elon Musk This Week?

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Elon Musk’s Twitter continues to draw many cryptocurrency group members. A crypto agency often known as EGTPRO has now mentioned it has secured funds to create a statue for Musk showcasing his head on high of a Shiba Inu driving a rocket.

Crypto followers need to construct a statue for Elon Musk

The crypto firm that desires to create a statue for Musk is EGTPRO, behind Elon Goat Token. The corporate has mentioned that it has secured $600,000 in funding from the followers of the Tesla CEO, with these funds going towards making a statue of the billionaire whose head shall be featured on high of a Shiba Inu canine driving a rocket.

On its web site, the challenge mentioned it was going exterior the field in creating one thing that one other crypto challenge had by no means created. The corporate mentioned that this statue would acknowledge Musk’s contributions to the cryptocurrency sector.

“We constructed Elon Musk a $600,000 monument on the again of a semi-trailer in honor of his many accomplishments and dedication to cryptocurrency,” the corporate’s web site mentioned. Fascinating Engineering says that the challenge’s designer was Danny Wang, nevertheless it was created by Kevin Stone and Michelle Stone, who’re steel sculptors.

This challenge was executed in six months. The statue has Musk’s head which is six ft tall. The corporate’s web site mentioned the trouble was made as a PR technique for the Arizona-based firm. The enterprise shall be heading the Tesla Gigafactory in Austin, Texas, to provide the statue to Musk on November 26. If the reward is accepted, the workforce hopes it should deliver its firm to the highlight.

On its web site, EGTPRO has offered itself as the primary crypto pockets targeted on service provider processing. Due to this fact, if the corporate beneficial properties Musk’s approval, it might enhance consideration and the adoption of the pockets.

Elon Musk’s relationship with crypto

Musk accomplished his Twitter acquisition deal; in October. Since then, he has laid off a few of the firm’s high executives and has come underneath criticism over methods to average content material on the platform.

Binance, the biggest cryptocurrency trade by buying and selling volumes, invested $500 million into the Twitter acquisition deal by Musk. The previous CEO of the collapsed FTX trade had additionally provided billions of {dollars} price of funding, however this by no means got here to fruition.

Musk has been an enormous supporter of the DOGE meme coin, provided that he helps DOGE funds at Tesla and SpaceX. The meme coin rallied amid Musk’s Twitter acquisition amid hopes that Dogecoin funds would even be built-in into Twitter.

Nevertheless, Musk’s adoption of Dogecoin has created room for scams. Tons of of meme cash with a DOGE theme have been launched out there over the previous yr, with some tasks ending up as rug pulls as a result of a scarcity of stable fundamentals.

Musk’s Tesla has additionally invested in Bitcoin. Nevertheless, this yr, the corporate revealed that it bought the vast majority of its Bitcoin holdings.

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