Introduction
Recent leaks suggest Elon Musk may be developing a proprietary Twitter Coin, potentially sidelining his previous favorite, Dogecoin (DOGE). Security researcher Jane Manchun Wong uncovered evidence indicating Twitter is actively working on this new feature.
How Twitter Coin Works
Reward System Mechanics
Twitter Coin appears to function similarly to Reddit's award system:
- Users purchase coins using fiat currency (minimum reported amount: $50)
- Coins can be gifted as rewards for tweets
- Payment processing handled by Stripe
Engagement Features
Coin-enabled interactions include:
- Tipping functionality
Premium reactions like:
- "Super Like"
- "Helpful"
- "Bullseye"
- Tiered medals (Bronze, Silver, Gold)
👉 Discover how social tokens are changing digital engagement
The Dogecoin Connection
Recent DOGE Developments
The meme cryptocurrency has faced challenges:
- No recent Musk tweets about DOGE
- Twitter paused crypto wallet development
- Price chart feature excluded DOGE
Community Reactions
Dogecoin creator Billy Markus commented:
"I like this (assuming it makes me money). (If it doesn't make me money, I don't like it.)"
Prominent DOGE community "Sir DOGE of the Coin" remains optimistic:
"If Twitter Coin launches without DOGE integration, remember TikTok's coin system works differently than crypto. DOGE will find its place."
Strategic Implications
Payment Integration
Musk previously stated:
- Both fiat and crypto payments are "no-brainers"
- Stripe's involvement suggests potential crypto compatibility
Development Timeline
Wong's research indicates:
- Twitter has worked on this for over a year
- Faced multiple development hurdles
- Current interface appears near completion
👉 Explore the future of social media cryptocurrencies
FAQ Section
Q: Will Twitter Coin replace Dogecoin?
A: Not necessarily. They may serve different purposes - Twitter Coin for platform rewards, DOGE for broader crypto transactions.
Q: Can you buy Twitter Coin with cryptocurrency?
A: While initially fiat-only, Stripe's crypto-friendly infrastructure leaves this possibility open.
Q: How does this compare to Reddit's system?
A: Both allow purchasing rewards, but Twitter's version appears more extensive with tipping and diverse reactions.
Q: Why wasn't Dogecoin included in Twitter's price charts?
A: Twitter likely prioritized the two largest cryptos (BTC/ETH) for initial rollout.
Q: When will Twitter Coin launch?
A: No official date, but leaked development progress suggests it may debut soon.
Q: Will this affect DOGE's value?
A: Short-term uncertainty exists, but long-term adoption depends on Musk's broader crypto strategy.