- Bitboy Crypto to face legal responsibility for becoming a member of newly launched meme token BEN Coin.
- Ripple CTO BEN Coin calls the rug a pull.
- BEN Coin goals to grow to be a token of the eye financial system that promotes the usage of cryptocurrencies.
The crypto group is up in arms towards Ben Armstrong, the well-known crypto developer referred to as Bitboy Crypto, as a result of his lately introduced becoming a member of the staff of the newly launched meme token BEN Coin challenge.
On Twitter yesterday, David Schwartz, Chief Know-how Officer (CTO) of the Ripple (XRP) blockchain, mentioned he 100% agrees that the BEN meme coin challenge is on the rise, given Armstrong’s resolution to hitch the staff.
It needs to be famous that rug pull is a kind of fraud within the cryptocurrency and DeFi markets, when challenge organizers instantly and intentionally take away all liquidity and disappear with traders’ funds. This motion causes the value of the token to drop dramatically.
Whereas Ripple’s CTO does not see a future in BEN coin, Billy Markus, founding father of essentially the most distinguished meme coin, Dogecoin (DOGE), additionally expressed his disappointment with Armstrong’s announcement.
In a tweet, Markus referred to as the replace “fairly lame” after Armstrong revealed that he and two different individuals who answered to the identify Ben would type the “Three Sensible Bens” staff to guide the meme coin challenge. Marcus’s response prompted plenty of backlash, with some individuals calling for Armstrong to sue if the BEN coin ultimately went all the way down to zero.
Nonetheless, in line with Armstrong, the principle purpose of the challenge is to remodel BEN from a meme coin to an consideration saving coin to advertise the adoption and use of cryptocurrencies. Armstrong expressed his admiration for the prevailing group round BEN and said that they’ll work collectively to attain extra constructive change.
Notably, the idea of attention-saving cash goals to reward customers for his or her consideration and engagement, making a self-sustaining ecosystem.
