Errol Musk, father of the billionaire entrepreneur Elon Musk, announced his intention to collect between 150 and 200 million dollars thanks to a new project even corner entitled “Musk It”.
Errol Musk, father of the billionaire entrepreneur Elon Musk, announced his intention to collect between 150 and 200 million dollars thanks to a new draft coins entitled “Musk It”.
Launched in December by a Crypto company in the Middle East, the token recently gained ground, apparently increasing more than 200% within 24 hours of the approval of Errol Musk.
He said, “I am the head of the family. It has really started with me in our family – I have “musket” for years. »»
Despite his public approval, Errol Musk said that he and his trading partner, technological consultant Nathan Browne, did not create the Muscade token. Instead, they approved the name and agreed to collaborate after the conceptualization of the Musk Institute. The token, which is based on the Solana blockchain, has a total offer of 1 billion, although the details concerning its Tokenomics remain limited.
The Muskit token initially had trouble after its launch in December, but went from $ 0.01 to $ 0.07 after the announcement of Errol Musk, currently negotiating around 0.035 with a market capitalization of around 35 million dollars.
Browne stressed that a key condition for their involvement was that the project “cannot be a pump and a dumping ground”.
Elon Musk would have discussed the project with his father but had no direct involvement. The project website presents images related to Elon Musk companies, including SpaceX and Tesla, suggesting a connection with its popular companies.
This development follows a trend of high -level figures entering the same parts market, including the recent mentions of President Donald Trump and the first lady Melania Trump. Elon Musk, known for his support for Dogecoin, has not launched official crypto but remains a notable figure in the cryptography community.
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