In the last couple of years, we have seen several meme coins gaining much traction from the public and influencers.
Even though these coins don’t have any astonishing real-life applications, they are still very popular. These coins are traded in $millions daily and are a good source of passive income for investors.
One such coin is ‘Dogelon Mars (ELON).’ A popular meme coin similar to Dogecoin.
In this blog post, we will learn about what ELON is, its history, its features, and how you can buy it.
What Is Dogelon Mars (ELON)？
Following the meteoric rise of projects such as Dogecoin (DOGE) and Shiba Inu (SHIB), other dog-themed meme coin projects emerged in 2021, including Dogelon Mars.
There are several initiatives in the cryptocurrency space that Dogecoin inspires; however, one of the primary ways that Dogelon Mars aims to differentiate itself from the competition is by making a direct and particular appeal to Elon Musk, who is the founder and CEO of both Tesla and SpaceX. The Dogelon Mars community has come together to make a unified request to Elon Musk, who has a reputation for engaging with the crypto Twittersphere in a unique and impactful manner. They want Musk to back the Dogelon Mars project.
Dogelon's community has a well-deserved reputation for assisting cryptocurrency traders who have been duped. ELON crypto holders frequently offer free cryptocurrency as an airdrop to those who have been the victim of a rug pull. This is done to foster goodwill and expand the Dogelon community. Consequently, Dogelon Mars has garnered some respect within the more general crypto sector; moreover, it is still being determined whether the project will succeed.
What Is ELON Coin?
The Dogelon Mars cryptocurrency project started with a native token known as ELON; however, the asset did not boast any particular use case or application to justify the launch. Instead, the developers of Dogelon aimed to develop a user-friendly, community-based crypto asset comparable to DOGE and other top meme coin projects.
ELON is currently trading at $0.0000001991. The total market cap of ELON is around $199.2 million, and the total supply of ELON coins is fixed at 1000000 billion.
History of Dogelon Mars (ELON)
After the tremendous success of Dogecoin and Shiba Inu, the ELON was finally released in 2021. Dogelon, on the other hand, claims to have loftier ambitions than the rest of the competition. The declared goal of the project is to establish an "intergalactic currency" usable by future space settlers on Mars and beyond. The principal token of the project, ELON, has very limited use cases in the actual world as of early 2022. It is unknown who is behind this token.
Features of ELON
Intergalactic Currency
It has been said that the ELON token will operate as an "intergalactic currency" in the future, allowing future space colonizers to utilize it on Mars and other planets. Despite this, the team working on the project has yet to make public either a whitepaper or a full roadmap explaining their strategies for future development. Dogelon's official website and Medium articles comprise hypothetical backstories concerning multi-planetary colonization. These tales are told from the point of view of a galaxy-brained canine humanoid that bears a passing resemblance to Elon Musk.
AirDrops to Rug Pull Victims
Dogelon's community has a well-deserved reputation for assisting cryptocurrency traders who have been duped. ELON crypto holders frequently offer free cryptocurrency as an airdrop to those who have been the victim of a rug pull. This is done to foster goodwill and expand the Dogelon community. Consequently, Dogelon Mars has garnered some respect within the more general crypto sector; moreover, it is still being determined whether the project will succeed.
Liquidity Tokens Are Burned
The ELON team burned the liquidity provider tokens that they had been given to prevent themselves from being able to reclaim the tokens or collect any of Uniswap's liquidity benefits.
By burning the liquidity provider tokens, the Dogelon Mars team was able to prove that they had no intention of engaging in a rug pull, which is a type of cryptocurrency fraud in which the developers artificially inflate the value of their cryptocurrency, then extract as much as they can before giving up on the project. Because the creators of Dogelon Mars burnt the tokens they received for contributing monies to the project when they initially funded it, they cannot act on a question.
What Makes Dogelon Mars (ELON) Unique?
When the Dogelon was released, the founders burned the liquidity provider tokens.
They wanted to show that the project was here to stay and wasn’t a rug pull. Half of the ELON coins were gifted to ETH co-founder Vitalik Buterin. This was a marketing strategy which attracted a lot of fam towards itself. This strategy was used by Shiba Inu before.
Vitalik then donated all of them to charity. 43% of them were donated to Methuselah Foundation, and the rest were donated to other charities. This is a win-win for both Methuselah & ELON because the charity has promised to keep ELON a high priority and return, get charity.
How to Buy ELON Coins?
CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including ELON, users can now trade easily and seamlessly.
If you already have a CoinEx account, this is how to purchase and sell ELON coins on CoinEx:
- To access your CoinEx account, visit the website or launch the app and enter your email and password.
- Put funds in your account to make ELON purchases. You can deposit the funds via bank transfer, credit card, etc.
- Once you have funds in your account, you may buy ELON coins by going to the ELON trading page and choosing the trading pair you wish to use.
- Tokens (USDT, BTC, ETH, and CET, etc.) can be exchanged for ELON. Put in your order and the quantity you want to buy.
Hot