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Elon Tweeted About Letting the Doge Out To Promote Twitter’s Community Notes

Key Takeaways
  • The main reason behind tweeting about Dogecoin is to use its extreme popularity to introduce the Twitter user base to Twitter’s Community Notes
  • It is to be noted that Elon Musk is known as Dogefather because the meme coin went to the moon after Elon tweeted about it from its official account
Elon Tweeted About L

A few mins ago, Elon Musk tweeted about letting Dogecoin out while introducing the Community Notes feature of Twitter.

Elon Musk, the CEO of Twitter, recently shared a tweet in which he confessed that he intentionally pumped Dogecoin by tweeting about it. In the tweet, Elon said, “High time I confessed I let the Doge out”.  This might seem like a general tweet that Elon is used to sharing very often but there is an underlying reason behind tweeting about Dogecoin all of a sudden.

tweet

The main reason behind tweeting about Dogecoin is to use its extreme popularity to introduce the Twitter user base to Twitter’s Community Notes feature. Even though Musk had tweeted about Community Notes separately from this tweet, with this tweet he elaborated on its potential use cases. 
Community Notes is a crowd-sourced fact-checking tool introduced by Twitter. Using this, Twitter users can fact-check the tweets and enrich their content with reference links and relevant reports. With this, Twitter is trying to eliminate fake news by allowing Community Notes to cite authentic facts with relevant sources and refute any false claims.
Community Notes Tweet

Community notes would be shown in quote tweets to increase the ‘impact of contributors’ efforts’. This aligns perfectly with Twitter’s long-term goal to become a reliable source of news distribution and provide a viable alternative to traditional news distribution channels. 

After this tweet from Elon, Dogecoin charts showed a sudden spike in its value with a very high trade volume. The price spike was short-lived and the rally did not last for very long. However, Elon’s tweet got adequate attention to bring the spotlight to the crypto community towards Community Notes. 

It is to be noted that Elon Musk is known as Dogefather because the meme coin went to the moon after Elon tweeted about it from its official account. 

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Also, Read - Google Becomes a PoS Validator for Tezos Blockchain Network

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