Even with a $600,000 goat statue, the crypto entrepreneurs have filed to grab the attention of Elon Musk, who has been making the headlines for the past few months. Elon Musk is the wealthiest man in the world as of now and is the owner of some of the most significant business establishments in the world.
The statue that had been making the news was delivered to Musk at the headquarters of his company Tesla during the weekend. The statue which was created as part of a crypto market stunt seems to have failed in fulfilling its prime aim as the billionaire has not even acknowledged the stunt, even through Twitter.
The statute was a part of the publicity stunt executed by the co-founders of the memecoin Elon Goat Token(EGT). It was delivered to the headquarters of Tesla which is located in Austin on November 26, Saturday. The statue features a very bizarre design. In the statue, the head of Elon Musk is seen attached to a goat, and the goat is seen riding a rocket.
The statue is a massive one, reaching a height of 30 feet and as per the available reports, the statue weighs about 12,000 pounds and is completely made of metal. The statue also has a dog collar which is worn around the neck of the statue, with a Dogecoin attached to it.
The details of the statue available from the EGT whitepaper tell that the conceptual design for the statue was drawn and rendered in Los Angeles. It was also made sure that the statue would be able to be transported via road and also it was brought to the Tesla headquarters attached to a 50-foot semi-trailer.
The massive publicity stunt was planned by the founders of EGT. In their project description, they describe themselves as ‘Elon Superfans’ which justifies this bizarre act done by them to grab the attention of the billionaire.
According to the project description on their website, they were having an attempt at something that no other crypto project has dared to do.
But even after such heavy efforts, their plans did not seem to fulfill the main aim. Even though the stunt failed to receive a public acknowledgment from Musk, the statue received massive media coverage which include likes from different top media agencies like Business Insider, The Washington Post, and also The Wall Street Journal.
There is not much information available about the EGT. Some of the known facts about the token are that it was established in January 2022 on the Binance Smart Chain(BSC). Right from the start, they were keen on using the fame of the billionaire to gain popularity, just like Dogelon Mars(ELON), spaceTwitterGoge, and elonDogeTwit, who use the name of the famous billionaire to market their own coin and thereby profit from it.
Over-the-top publicity stunts by Crypto agencies are not a new thing. Through such stunts that involve influential personalities like Elon Musk, they aim to increase the value and popularity of their tokes. Another example of one such bizarre act was done by the Ukrainian social network ASKfm.
In 2018, the firm launched an Initial Coin Offering (IOC) through one such bizarre act, where they left a wallet with 500,000 tokens on the top of Mount Everest, which is the highest peak on the planet. At that time, ASLfm estimated the value of the coins in the wallet at $50,000. This was calculated by taking an estimate of their value after the pre-sale and IOC launch.
Just like this, another stunt also took place the same year in Hong Kong. In 2018, Wong Ching-kit, who is the owner of the Epoh cryptocurrency website, dropped stacks of cash from the top of a building in Hong Kong. The event was just to promote a competition that would gift the winners large amounts in cash price.
Even after many such publicity stunts, people are skeptical about the crypto world, with the recent events regarding FTX, which is regarded as one of the biggest falls of a company in recent history.
Read More:-
Target Announces 2 Day Cyber Monday Sales Event!
2 Injured At Eastern North Carolina Mall After Shooting!
