The remaining 50% of the supply was locked into the Uniswap liquidity pool. The one question that’s been highlighted by many investors is whether or not ELON is a fork of Dogecoin. On its site, the development team has claimed the token is a fork, though there’s little evidence to support this. Not only does it have a greater supply than DOGE, but it also operates completely differently.
Dogelon Mars (ELON) price has declined today.
The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Dogecoin demonstrates that crypto can be used for many pursuits — from injecting humor to supporting charitable organizations. The Dogelon Mars coin (ELON) is the token of the Dogelon Mars network. I’m a technical author and blockchain enthusiast who has been in love with crypto since 2020.
- ELON is an ERC-20 token on Polygon and Ethereum, which is one of the most popular blockchains and the go-to solution for many decentralized applications.
- As of November 2021, the token can be traded on KuCoin, Uniswap (V2), Gate.io, Poloniex, LBank, Uniswap (V3), ShibaSwap, BitForex, BitMart, Hotbit, Bitrue, 1inch Exchange, ZT and BKEX.
- However, there is significant doubt about Dogelon Mars reaching that price.
- 50% was given to founder of Ethereum, Vitalik Buterin in what was a successful publicity stunt copied from Shiba Inu (SHIB).
Will Dogelon Mars reach 1 cent?
The most popular exchange to buy and trade Dogelon Mars is KuCoin, where the most active trading pair ELON/USDT has a trading volume of $419,894.28 in the last 24 hours. It also doesn’t have a white paper detailing its purpose or goals.In terms of utility, there’s nothing that separates Dogelon Mars from other crypto tokens. You can buy it, sell https://cryptolisting.org/ it, and send it to crypto wallets, but that’s the case with practically every digital currency. Dogelon Mars (ELON 0.0%) is one of many Doge-themed crypto tokens that launched in 2021. The team behind the crypto describes it as a fair universal currency for the people and has touted it as an interplanetary currency used by space colonizers.
About Dogelon Mars (ELON)
While the stories have positively affected its value, they are certainly not true. 50% was given to founder of Ethereum, Vitalik Buterin in what was a successful publicity stunt copied from Shiba Inu (SHIB). The publicity stunt was aimed at giving confidence to holders and regular people that the project is legitimate – and it worked. The key driver behind ELON is the community support for the token.
What Is Dogelon Mars: Elon Musk-Inspired Meme Coin
After a significant rise in October, its value has fluctuated dramatically, making it somewhat unstable for investors making their first investment. Given the fact that there are no real features to back up the price, it’s likely that the token will depreciate without additional add-ons. For the time being, it remains an interesting new meme coin and continues to build a community that few cryptocurrencies have been able to develop.
Many believe that with a total supply of 1 quadrillion tokens, it will take a very long time for the token to reach 1 cent. Some have suggested reducing the coin’s supply through a burn to help it reach 1 cent faster. Dogelon Mars bears the hallmarks of a successful meme coin – a huge community following and distinctive branding. A fantasy comic illustrates the project’s “roadmap” in a story, claiming that Mars will be recolonized in 2420 by Dogelon Mars.
Dogelon Mars plays on several popular themes in the meme coin space. Its name is a mixture of Dogecoin and Elon Musk, the billionaire entrepreneur who is an outspoken supporter of Doge. It alludes to Mars, a spin on the famous moon meme, implying that Dogelon will experience a massive upward movement.
Currently, the ELON token is available to buy on KuCoin, Uniswap (V2), Gate.io, Poloniex, LBank, Uniswap (V3), ShibaSwap, and many other cryptocurrency platforms. However, this advancement wasn’t meant to go on for a long time, as the annihilators arrive and begin their attack on the community. As a result, Dogelon Mars travels back through both time and space to planet Earth, where he intends to seek safety and embark on a new voyage.
Look for cryptocurrencies that aim to solve real-world problems, not problems on Mars. If you’re looking for something simple, cryptocurrency stocks could be a good way to go. In addition to being a cryptocurrency, Dogelon Mars is also a character that stars in a comic series for sale as non-fungible tokens (NFTs). Somewhat ironically, what is an api key you can only buy them using Ethereum (ETH -2.84%). Like Bitcoin’s and Shiba Inu’s, Dogelon Mars’ founders remain anonymous to this day. The project website claims that Dogelon Mars is a fork of Dogecoin, but there is little evidence to support this claim – especially since the total ELON token supply far exceeds DOGE’s.
Once the token has been traded, it can be stored in hope that the price will continue to rise in value. The rise in the cryptocurrencies value can be linked to the community of investors that support it. The investors are part of a huge Telegram and Twitter group, with over 250,000 members. The community continues to grow daily and offers support for those who have been scammed.
The project team has also announced plans to launch an NFT collection on OpenSea and Rarible, to be named the “Dogelon Martian” NFT collection. Created as a meme coin, it’s gained significant popularity since it was founded, increasing in value by 3,780% in October alone. Despite its popularity, the token itself has little to no use, simply being branded as an “intergalactic currency”.
Following this donation, the Foundation issued a press release promising to be responsible stewards of their ELON tokens. This announcement generated significant enthusiasm across the greater crypto community. Many community members are eager for a Dogelon Mars burn as it will increase the meme coin’s price through scarcity. A petition was even started on Change.org calling the Methuselah Foundation to burn some of its coin supply. Despite its popularity, the token itself currently has very little use; however, it’s extremely popular amongst traders.
Its only real, unique purpose is to be an interplanetary currency, meaning there’s no actual use for it. So far, it’s not even much of a planetary currency considering that you’d be hard-pressed to find anywhere you could use it as a payment method. Buterin then gave 43% of the tokens he received to the Methuselah Foundation, a non-profit organization that aims to increase human lifespan. The Foundation then announced that it would not be selling any tokens for at least a year. The founders of the Dogelon Mars project have remained anonymous to this day.
Instead, half of ELON’s total token supply was permanently locked up in a Uniswap liquidity protocol upon launch, and the remaining half was sent to Vitalik Buterin, the co-founder of Ethereum. This move mirrored a strategy previously deployed by Shiba Inu, with the intent to reduce the project’s circulating supply and draw attention to its projects. According to official Dogelon Mars lore, in the year 2420 Mars will be re-colonized by Dogelon Mars, at which point the project’s most important plans will be revealed. The project’s storyline also encourages the ELON crypto community to advocate for ELON token listings on major exchanges and remain fearless when confronted with crypto market volatility. The stated purpose of ELON token is to serve as an “intergalactic currency” that future space colonizers can use on Mars and beyond. However, the project team has not released a whitepaper or detailed roadmap outlining their development plans.