- Bitboy Crypto is going through backlash for becoming a member of new meme token, BEN Coin.
- Ripple CTO calls BEN Coin a carpet puller.
- BEN Coin goals to turn into an attention-saving token to advertise crypto adoption.
The crypto neighborhood is going through Ben Armstrong, a well-known crypto influencer generally known as Bitboy Crypto, following his latest announcement to affix the venture crew for the brand new meme token, BEN Coin.
On Twitter yesterday, David Schwartz, the chief know-how officer (CTO) of the Ripple (XRP) blockchain, mentioned he agreed 100% that the BEN meme coin venture is a draw, contemplating Armstrong’s choice to affix the crew.
Notably, rug pulling is a sort of rip-off within the crypto and DeFi markets, the place venture organizers abruptly and deliberately withdraw all liquidity and disappear together with buyers’ funds. This motion causes the value of the token to drop.
Whereas the Ripple CTO sees no future within the BEN coin, Billy Markus, the co-founder of probably the most distinguished meme coin, Dogecoin (DOGE), additionally expressed his disappointment with Armstrong’s announcement.
In a tweet, Markus known as the replace “quite lame” after Armstrong revealed that he and two different individuals going by the identify of Ben would kind the crew “The Three Smart Ben” to guide the coin venture. money. Markus’ response generated plenty of backlash, with some individuals asking that Armstrong be prosecuted if the BEN coin finally ends up dropping to zero.
However, in accordance with Armstrong, the principle aim of the venture is to remodel BEN from a meme coin into an attention-saving coin to advertise the adoption and use of crypto. Armstrong expressed his admiration for the prevailing neighborhood round BEN and mentioned they’d work collectively to result in extra optimistic change.
Notably, the attention-saving coin idea goals to reward customers for his or her consideration and engagement, making a self-sustaining ecosystem.