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In June, Musk asked Dogecoin (DOGE) founder Jackson Palmer to help him crack down on "disgusting" cryptocurrencies scammers on Twitter. Palmer responded almost immediately, urging Musk to contact him with direct information. Later, the creator of the dog coin sent Musk a version that was said to solve the problem.

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In addition to supporting social welfare and philanthropy, Jackson believes Dogecoin can be used on the Internet as a "sweet spot" to thank others. In the beginning, though, Dogecoin was born out of a joke.