{"id":517129,"date":"2022-11-28T07:26:41","date_gmt":"2022-11-28T04:26:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bizarre-600k-elon-musk-crypto-statue-marketing-stunt-falls-flat\/"},"modified":"2022-11-28T07:26:41","modified_gmt":"2022-11-28T04:26:41","slug":"bizarre-600k-elon-musk-crypto-statue-marketing-stunt-falls-flat","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bizarre-600k-elon-musk-crypto-statue-marketing-stunt-falls-flat\/","title":{"rendered":"# Bizarre $600K Elon Musk crypto statue marketing stunt falls flat"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c563742f20\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c563742f20\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bizarre-600k-elon-musk-crypto-statue-marketing-stunt-falls-flat\/#%E2%80%9D_Bizarre_600K_Elon_Musk_crypto_statue_marketing_stunt_falls_flat_%E2%80%9C\" >&#8221; Bizarre $600K Elon Musk crypto statue marketing stunt falls flat &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bizarre-600k-elon-musk-crypto-statue-marketing-stunt-falls-flat\/#Plenty_of_Musk-themed_tokens\" >Plenty of Musk-themed tokens\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bizarre_600K_Elon_Musk_crypto_statue_marketing_stunt_falls_flat_%E2%80%9C\"><\/span>&#8221; Bizarre $600K Elon Musk crypto statue marketing stunt falls flat &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMTA2N2RmZmQtOTJlNy00ODhmLTkxZGMtYzkwZTE2ZGNkYzg0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5129e2ea>Tesla CEO Elon Musk has seemingly given the cold shoulder to a $600,000 monument of him in goat form \u2014\u00a0 which was created as part of a bizarre crypto marketing stunt.<\/p>\n<p>Delivered to Tesla\u2019s Austin headquarters on Nov. 26, the 30-foot, 12,000-pound metal statue of Elon Musk was part of a publicity stunt by the co-founders of the memecoin Elon Goat Token (EGT).<\/p>\n<p>The statue features the head of Elon Musk on the body of a goat that is riding a rocket. The statue also sees Musk wearing a dog collar with a Dogecoin (DOGE) token attached.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re very proud of our accomplishments and commitment to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/EGT?src=hash&amp;ref_src=twsrc%5Etfw\">#EGT<\/a><\/p>\n<p>We\u2019ve always had long term vision for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24EGT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$EGT<\/a> and will continue to build the brand and utility. <\/p>\n<p>We feel our hard work can lead to Elon claiming <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ElonGOAT?src=hash&amp;ref_src=twsrc%5Etfw\">#ElonGOAT<\/a> and we will work towards this goal! Maybe have some fun too! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Rk2Gdn5PpE\">pic.twitter.com\/Rk2Gdn5PpE<\/a><\/p>\n<p>\u2014 Elon Goat Token (@ElonGoatToken) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ElonGoatToken\/status\/1597003162203787264?ref_src=twsrc%5Etfw\">November 27, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>According to the EGT <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/elongoat.io\/EGT-Whitepaper.pdf\">whitepaper<\/a>, the whole project was engineered to be roadworthy and fastened to a 50-foot semi-trailer for transportation. The conceptual design was drawn and rendered in Los Angeles. <\/p>\n<p>The founders of EGT, who are self-described &#8220;Elon Superfans,&#8221; said in the project de<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ion on their website they were trying to do &#8220;something no other Crypto project has dared to do&#8221; to gain recognition and legitimacy for their project with an acknowledgment from Musk.<\/p>\n<p>Unfortunately for EGT however, the $600,000 monument has failed to gain any public acknowledgment from Musk himself, at least on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>.\u00a0<\/p>\n<p>Despite this, it still got plenty of mainstream media coverage, including from the likes of The Wall Street Journal, Business Insider and The Washington Post.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Plenty_of_Musk-themed_tokens\"><\/span>Plenty of Musk-themed tokens\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There isn&#8217;t much information about EGT and its purpose other than it was launched in Jan. 2022 on the Binance Smart Chain (BSC), and has been criticized for its Musk-centric marketing plan and lack of utility featured upon launch, according to its own whitepaper.\u00a0<\/p>\n<p>The token is also one of many Elon Musk-themed tokens attempting to exploit the entrepreneur&#8217;s fame to market its token. Other Musk-themed tokens include Dogelon Mars (ELON) and spaceTwitterDoge and elonDogeTwit.<\/p>\n<p>As of the time of writing, EGT has 18,400 followers on Twitter, while\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/elon-goat\">Coingecko<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/elon-goat\/\">Coinmarketcap<\/a>\u00a0both list EGT, but neither has data surrounding its market cap. Its price appeared to have spiked momentarily before dipping to month lows after the delivery of the statue.<\/p>\n<p>According to its whitepaper, EGT claims to now be working on having real utility in the decentralized finance (DeFi) space, having migrated smart contracts from BSC to the Ethereum blockchain. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>It\u2019s time for crypto fans to stop supporting cults of personality<\/em><\/strong><\/p>\n<p>Over-the-top publicity stunts have been a popular method for crypto projects over the years.<\/p>\n<p>In 2018 Ukrainian social network ASKfm launched an Initial Coin Offering (ICO) by leaving a wallet with 500,000 tokens at the top of Mount Everest, the highest mountain above sea level in the world. <\/p>\n<p>At the time, ASKfm calculated the tokens in the wallet at $50,000, a sum calculated by an estimate of their value once the pre-sale and ICO launch.<\/p>\n<p>Another stunt in 2018 saw the owner of the Epoch Cryptocurrency website Wong Ching-kit drop stacks of cash off a roof in Sham Shui Po, Hong Kong to promote a competition where participants could allegedly win large cash prizes. <\/p>\n<p>Most recently, Rahul Advani, APAC Policy Director of Ripple argued that crypto will need to move away from \u201chype cycles\u201d and towards \u201cbuilding real utility.\u201d <\/p>\n<p>He explained that the fall of FTX will prompt regulators and governments to scrutinize crypto regulations much more closely. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bizarre-600k-elon-musk-crypto-statue-marketing-stunt-falls-flat\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bizarre $600K Elon Musk crypto statue marketing stunt falls flat &#8220; Tesla CEO Elon Musk has seemingly given the cold shoulder to a $600,000 monument of him in goat form \u2014\u00a0 which was created as part of a bizarre crypto marketing stunt. Delivered to Tesla\u2019s Austin headquarters on Nov. 26, the 30-foot, 12,000-pound metal&#8230;<\/p>\n","protected":false},"author":1,"featured_media":517130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMTA2N2RmZmQtOTJlNy00ODhmLTkxZGMtYzkwZTE2ZGNkYzg0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,95118,74892,117,39394,36402],"class_list":["post-517129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-nft","tag-tokens","tag-business","tag-elon-musk","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/517129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=517129"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/517129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/517130"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=517129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=517129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=517129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}