The official explanation of the Solana -based Memecoin Dogwifhat (WiF) deals with concerns about the “Sphere WiF Hat” initiative, a crowdfunding campaign that started by Token supporters almost a year ago.
After the fundraising event was released on March 10, it raised $ 700,000 within a few days, but it has not yet paid off.
The timeline agreed
Dogwifcoin said on January 31 that the WIF Sphere organizer said, “We have been negotiating with various parties to cooperate with the Sphere AD deployment.”
source: Dogwifcoin
Dogwifcoin said, “Since the WIF team is not a company, the organizer is running this advertisement in cooperation with the existing brand.”
The timeline is now agreed by the “affiliated parties”, and if the plan is not fulfilled for any reason, the contract is invalidated and everyone who donates to the project will be refunded.
“No one was willing to mislead.”
The WIF recorded a new record of $ 4.85 three weeks after the launch of crowdfunding. However, according to CoinmarketCap data, it has decreased almost 77%since it was traded for $ 1.12 at the time of publication.
Dogwifhat (WIF) is traded for $ 1.12 at the time of publication. source: Coinmarketcap
In July 2024, Mihir, one of the five organizers listed on the official “Sphere WiF Hat” website, told Cointelewraph that the mascot of LAS Vegas Sphere for a week is “90% confidence.”
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Mihir added that the representatives of the sphere have created a new “encryption specific” term after listening to the campaign, and that there was an internal meeting to develop cryptographic policies in response to initiatives.
“We are working with them according to the standards and requirements.
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