Dogelon Mars (ELON)

The Dogelon Mars (ELON) token is one of the many canine themed meme cryptocurrencies. It has used both Doge and Elon to arrive at its unique name and has a loyal social media following that runs in thousands.

ELON is a token built on the Ethereum network and like Shiba Inu, the developers decided to gift half of the token supply to Vitalik Buterin who donated it to charity.

The Dogelon Mars token enjoys considerable community support and the token managed to briefly flip MANA and became the most traded cryptocurrency among 1000 top Ethereum whales. This is a significant achievement for a meme token.

At the launch, there were a total of 1,000,000,000,000,000 tokens but half of them were sent to Vitalik Buterin (founder of Ethereum who donated them to charity).

ELON has achieved a lot of fan following on social media channels such as Twitter and the followers keep shilling the cryptocurrency daily. The results have been positive and the cryptoverse has taken note of this meme token with whales on a current buying spree to accumulate huge quantities of ELON. The ELON token has the distinction of surpassing 100,000 holders in a short span of time with 10,000 new users in just 48 hours.

Tokenomics

The initial total supply of ELON was 1 quadrillion tokens but the supply has reduced since then. 50% of the total supply was sent to Vitalik Buterin. The Remaining has been used to provide liquidity. There was no pre-sale and the token is completely decentralized.

Has Dogelon Mars been doxxed and audited?

No. ELON has not been audited yet. The official site has a lot of information but a formal whitepaper has not been released. However, the developers share a lot of information on social media channels such as Twitter.

Dogelon Mars Price

Best place to see Dogelon Mars (ELON) pricing is at Coin Market Cap. You can find the Dogelon chart here.

Detailed Review of Dogelon Mars (ELON)

The Dogelon Mars token has built enough hype to ensure that the token manages to establish a stable price and the coin has delivered decent returns till date. The coin’s success is dependent on its loyal following on social media, just like any other meme token. The developers claim that it is developed to become the first interplanetary currency of the future.

ELON will need to come up with a strong use case to ensure its longevity as meme tokens have a history of dying out soon.

Let’s talk about some numbers. The all time high price of one ELON was 0.00000259 on October 30, 2021. It is currently trading at $0.00000133 at the time of writing (Source: CoinGecko). The all time low price was 0.000000017563 on April 23, 2021. Comparing the all time low and all time high price, we get returns of about 7439% which are impressive returns for a token that is still new.

Dogelon Mars (ELON) FAQ

Where and How to Buy Dogelon Mars?

You can buy ELON on Crypto.com, Gate.io, OKEx, Poloniex, ZTGlobal, BitMart, BitForex, Bitrue, BKEX and KuCoin. Please see the video below for step-by-step instructions

You can buy ELON either through cash via P2P (peer to peer), credit or debit cards or through other cryptocurrencies.

If you already hold some crypto, then you can use the coins to purchase ELON directly through the decentralised exchanges such as UniSwap, 1 Inch or ShibaSwap. All you need to do is connect your wallet such as metamask and select the appropriate coin pair that you wish to use for purchasing ELON (for example: BTC/ELON or ETH/ELON). The decentralised exchanges are a quicker and easier method that guarantees anonymity as you do not have to deposit fiat currencies or complete a KYC process before purchasing the Dogelon Mars token. You can also use ELON for purchasing other altcoins through the decentralised route as explained above.

What Can you do With ELON?

Hodl as a long term investor: The developers of Dogelon Mars have not disclosed much about the future road map. However, you can simply hodl it and gain from its price appreciation in the long term.

Swap ELON to other BSC tokens: You can directly swap ELON to other altcoins on a decentralised exchange. The process is quick and simple, and is described below.

How to Swap Dogelon Mars to other altcoins

Simply head over to a decentralised exchange and connect your wallet. Then, select the amount of ELON you wish to spend (factoring in transaction fees) and swap for another crypto token. You will receive the tokens in the same wallet.

Farm on Polygon

The ELON token has ensured compatibility with Polygon and hodlers can now stake and farm to earn additional rewards.

Is ELON Legit? 

The Dogelon Mars developers have chosen to remain anonymous but at the same time, the founders communicate regularly through social media and provide regular updates. The coin is completely decentralised with no major whale able to dictate price movement. Sufficient decentralization can ensure that there are no rug pulls. As the token gains more popularity and adoption in the future, the number of holders will also increase providing more stability to the price.

However, meme cryptocurrencies are a volatile investment instrument, so please use the advice presented in this article to supplement your own research before taking an investment decision.

Upcoming Events/Launches

The Dogelon Mars developers have disclosed plans to enter the decentralized finance (DeFi) and NFT space in the future. The holders will get the ability to stake their ELON tokens and farm another interplanetary currency known as xELON. This would ensure a strong use case for the ELON token and generation of passive income for its holders.