Elon Musk fans are developing cryptocurrency "Elon GOAT" – and build goat monument

• Crypto fans celebrate Elon Musk

• Metal statue created in honor of Musk
• So far no reaction to gift

Elon Musk brings movement to the crypto market

Elon Musk is not only known as an entrepreneur and boss of numerous companies such as Tesla, SpaceX and, more recently, Twitter, but has also made a name for himself in the crypto scene. According to “Forbes”, the richest person in the world has always been convinced of the crypto veteran Bitcoin and regularly advertised memes for the fun currency Dogecoin on his Twitter profile. The digital coin was originally created as a parody of the Bitcoin and has the Doge meme, which shows a dog of the Shiba Inu breed, as its logo. With his Twitter posts, Musk repeatedly caused price capers on the crypto market.

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Musk fans create “Elon GOAT”.

No wonder, then, that Musk has attracted numerous fans of the crypto sector. It was not until January 2022 that Ashley Sansalone, Cory Strawbridge, Richie Latimer, Murtaza Khan, Scharief Salem and Mahmoud Salem got together and created a completely new cryptocurrency called “Elon GOAT”, which is intended to pay homage to their great role model. The token, which trades under the abbreviation EGT, is made up of Musk’s first name and the abbreviation for the English-language term “Greatest of All Time”, which describes someone considered to be the best in a certain discipline. The acronym GOAT is written exactly like the English word “goat” for goat. For this reason, the logo of the token shows the letters E and G and two goat horns.

The digital coin was placed on the Binance Smart Chain (BSC), according to a white paper from the makers.

Goat memorial to honor Musk’s crypto involvement

However, the team behind the EGT did not just want to establish a new cryptocurrency. The developers’ main project is to build a $600,000 monument depicting Musk’s head on the body of a goat – an “Elon Goat”. The hybrid also wears a chain with a Dogecoin attached and sits atop a rocket that may be a reference to SpaceX, the jack-of-all-trades space company. The work was made by metal sculptor Kevin Stone. The artist sat alone on Musk’s head for six months, according to the Wall Street Journal.

“Elon GOAT Token really thought outside the box and did something that no other crypto project has dared to do,” said the makers on the project’s website. “We built a $600,000 monument to Elon Musk on the back of a trailer to honor his many achievements and commitment to cryptocurrencies!” The statue has been driven around several US states since the completion of production before the makers recently decided to hand the artwork over to Musk personally. “We believe that Elon’s possible acceptance of this biblical-sized gift could catapult $EGT into the spotlight and accelerate its various initiatives,” the statement said. The makers hope that Musk will draw the fans’ attention to the project via Twitter, which could increase awareness of the token.

No response from Musk so far

However, according to the Wall Street Journal, Musk did not get the desired reaction. At the end of November, Musk fans drove up to the Tesla headquarters in Austin, Texas, with the monument, as a short video by Twitter user “elonfan666” shows, but the CEO apparently ignored the sculpture.

Dustin Dailey, one of the electric car maker’s security guards, is said to have informed fans that the project cannot be accepted on Musk’s behalf, but that there is still a place for it if the Tesla boss gives his consent. So far, however, there has been no reaction from Musk. Even Tesla himself did not give the newspaper any information about the further whereabouts of the monument. “I’m pretty sure he does [Musk] knows about it,” Dailey told The Wall Street Journal. After all, pictures of the construction can be found all over Twitter.

Big plans for the future

And even if the namesake of the EGT has not yet paid the desired attention to the crypto project, the coin is likely to have gained a lot of notoriety through the whole campaign. And the team behind the meme coin is also optimistic about the future of the project on social media channels. In addition to the existing token, they are working on the ETG Pro wallet solution. In addition, the developers offer the Elon GOAT Club, a series of NFTs that includes a total of 5,000 depictions of anthropomorphic goats. Distinguished by different clothing items and accessories, the animated animals are “on a seemingly impossible mission to Mars,” according to the project site. “The EGC GOATS aim to fly the flag and join the elite club of those recognized by the most relevant and innovative people in the world.”

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