{"id":82698,"date":"2023-08-07T11:43:52","date_gmt":"2023-08-07T08:43:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82698"},"modified":"2025-09-12T06:40:07","modified_gmt":"2025-09-12T03:40:07","slug":"elon-musk-x-will-never-issue-native-tokens","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/elon-musk-x-will-never-issue-native-tokens\/","title":{"rendered":"Elon Musk: X will never issue native tokens"},"content":{"rendered":"

A user under the pseudonym DogeDesigner warned the community that the social network X (formerly Twitter) and its owner Elon Musk have never issued platform-related crypto assets.<\/p>\n

The author of the post cited several headlines about the coin’s thousands-fold rise. In response, Musk said he will never issue digital assets.<\/p>\n

\"Snimok-ekrana-2023-08-07-v-11.15.23\"
Data: X<\/a>.<\/figcaption><\/figure>\n

On 24 July 2023, Twitter changed<\/a> its name to \u201cX\u201d and abandoned the iconic blue bird in the logo, opting for a black colour scheme. Musk’s proposed steps will kick off the transformation of the social network into a large ecosystem, akin to WeChat.<\/p>\n

Against the backdrop of news about the upcoming update, unknown parties launched on decentralized exchanges a number of tokens<\/a> under the same brand. Their quotes range from $0.00000026 to $0.21.<\/p>\n

Given the billionaire’s affinity for digital assets, especially the meme cryptocurrency Dogecoin (DOGE<\/a>), many expected the launch of the X token.<\/p>\n

In April 2022, he proposed to lower the price of Twitter Blue and provide users the ability to pay for the premium service in DOGE<\/a>.<\/p>\n

In February 2023 the asset price rose in response to a series of Musk’s tweets<\/a>. The entrepreneur introduced his dog named Floki as CEO of Twitter and a new member of the company’s board.<\/p>\n

On April 3, DOGE’s price briefly jumped by 25%, surpassing $0.10. This occurred amid the social network’s logo change to a Shiba Inu dog, the coin’s mascot.<\/p>\n

Later, Musk restored the blue bird \u2014 the meme cryptocurrency reacted with an 8% drop.<\/p>\n

Lawyer Josh Gerben says that X could face a string of lawsuits in connection with the rebranding. He estimated potential litigation costs at $100 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

A user under the pseudonym DogeDesigner warned the community that the social network X (formerly Twitter) and its owner Elon Musk have never issued crypto assets related to the platform.<\/p>\n","protected":false},"author":1,"featured_media":82699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1217,40],"class_list":["post-82698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elon-musk","tag-twitter"],"aioseo_notices":[],"amp_enabled":true,"views":"40","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=82698"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82698\/revisions"}],"predecessor-version":[{"id":82700,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82698\/revisions\/82700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/82699"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=82698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=82698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=82698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}