Rip-off Alert: Dogecoin Group Warns of Fraudulent New Token

Inevitable 360, a Dogecoin developer, has drawn consideration to a purported rip-off token, DOGE-1 Token. “DOGE-1 Token, they’re utilizing the area mission identify to idiot shibes,” he wrote in a tweet.

🚨🚨 SCAM ALERT 🚨🚨
DOGE-1 Token
they’re utilizing the area mission identify to idiot shibes.https://t.co/BL3wEGCClbhttps://t.co/xPMFlE5na9

Warn everybody u can about this SCAM #doge #dogecoin $doge pic.twitter.com/RvT9BU1Rku

— inevitable360 (@inevitable360) January 9, 2023

Doge-1 Mission to the Moon, or DOGE-1, is a BEP20 token that claims to offer rewards in Dogecoin (DOGE). It additionally describes itself as a “blockchain that rewards holders with reflections in Dogecoin which can be funded by transaction taxes.” The Doge-1 token additionally says that there’s a restrict on what number of tokens a pockets can maintain and transact with.

Whereas claims on the standing of DOGE-1, clearly a meme token, are but to be ascertained, the truth that “it offers rewards in Dogecoin” might sound regarding.

The Doge-1 mission was introduced in Could 2021 by billionaire and Tesla CEO Elon Musk. The mission’s aim is to put a satellite tv for pc in lunar orbit, and it’s anticipated that Dogecoin might be used to fund it.

DOGE-1, the primary crypto-funded mission to the moon, is the results of a collaboration between two blockchain corporations and its producer, Geometric Vitality Company, also referred to as GEC.

As of proper now, Elon Musk has not offered any info relating to a possible launch date. Moreover, the SpaceX crew has not but issued a proper assertion relating to the launch.

The one indication of a possible launch date got here from Dogecoin’s graphic designer, DogeDesigner, who tweeted that the launch of the area expedition ought to happen on or earlier than March 2023.

By market worth, Dogecoin is presently the ninth largest cryptocurrency available on the market. On Monday, it reached a three-week excessive of $0.0787 earlier than falling again to $0.076 as of the time of publication. DOGE can be up 6.53% within the final seven days.