The newly emerged meme coin smartly portrays its name as ‘Dogecoin 2.0’ in the crypto market. So the DOGE community now legally demands the fresh faced meme coin to change its name immediately. The Doge foundation accuses the new entrant for opting its popular brand name and reputation in the marketplace.
Dogecoin is one of the most popular and crypto friendly meme coin attracting large crypto lovers worldwide. Recently, doge’s value in the market surged nearly to $0.33 offering the holders a great and profitable week. Besides, the DOGE community is now initiating partnerships with business giants increasing its value and standards among other Altcoins.
Copycat Dogecoin 2.0
The DOGE foundation is very cautious about the new entrant, Dogecoin 2.0 with the same identity as Doge. So the entire Doge community is forcing the new meme coin to rename its brand and title in the market. Also, the DOGE team is filing a legal case against the fresh Dogecoin 2.0 to change its name.
Moreover, to avoid the existing confusions DOGE foundations distances itself from the duplicate dogecoin 2.0 (DOGE2). This Dogecoin 2.0 was launched in May on the Binance Smart Chain (BSC) Network. At present the coin holds the value of $0.147636 USD trading under the symbol of Doge 2.
Importantly, the DOGE community filed a strong case against this new meme crypto project. The filing document clearly states, it has arranged legal lawyers to reach out and discuss with Dogecoin 2.0’s developers and team. Besides, it also shares, the entire Dogecoin system is concerned to protect the Dogecoin name and the whole community from possible misuse.
After the filing, Dogecoin 2.0 passively replied the popular DOGE foundation stating,
“Dogecoin 2.0 aims to offer investors long term growth in utilizing a much more sustainable tokenomics structure than its somewhat inflated predecessor.”
In the midst of so many controversies, the DOGE community is receiving constant support from popular crypto stars. The main crypto proponents like Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk are supporting the entire community.
However, firing off legal demands DOGE community forces the fresher meme coin to rename its resembling identity. As this might spoil the name and reputation earned by the well known, crypto friendly DOGE foundation in the marketplace.
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