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. Upon launch, its founders put half of the tokens in a liquidity pool on Uniswap. Dogelon Mars’s current circulating supply is 549.65T ELON out of max supply of 1,000.00T ELON. The current yearly supply inflation rate is -0.34% meaning -1.88T ELON were created in the last year.
ELON Exchanges
The planned but to-date-unlaunched xELON token would be an addition to Dogelon Mars’ ecosystem. You can buy ELON by registering an account on one of the following cryptocurrency exchanges – OKX , BingX, Huobi Global , KuCoin , and Gate.io. Remember to agree to their terms and choose a cryptocurrency wallet to securely store ELON, BTC, or other digital currencies. Dogelon Mars token is a meme coin, thus making it a risky investment choice. The project does not have any utility that might foster its growth in the future. Investors are strongly advised to conduct adequate research before considering Dogelon Mars as an investment option.
What is ELON Token?
The founders of Dogelon Mars originally locked 50% of all the ELON liquidity in a Uniswap liquidity pool. The other half was donated to Vitalik Buterin, co-founder of Ethereum, who then sent the donated ELON to various DAOs and foundations. Current token holders have either purchased the asset on a cryptocurrency exchange or received them as a donation from Vitalik Buterin.
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It has a circulating supply of 549,652,770,159,583 ELON coins and the max. Dogelon claims to be more than a mere meme coin, aiming to help crypto users who have been scammed. The Dogelon community has garnered a reputation for helping victims of crypto scams by donating ELON coins to help reduce their losses.
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With Bitcoin Runes, developers can create and launch their Rune tokens on the Bitcoin network. The story alludes to Dogelon Mars’ aim to surge significantly in price following bullish sentiments from its community of investors. Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price.
The Dogelon Mars community is encouraged to donate ELON tokens to victims of scams. It follows the example of other successful dog coins like Dogecoin, Shiba Inu and Floki Inu. Schedule a free demo with our team to learn more and start fundraising with non-cash assets like cryptocurrency, stock and DAFs. Dogelon’s native cryptocurrency ELON is an ERC-20 token built on Ethereum and Polygon blockchains. Ethereum’s Proof-of-Work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry.
- But they eventually burn out because most investors won’t take a project seriously if it sounds like a joke.
- Dogelon Mars price in US Dollar has increased by 15.49% in the last 1 month.
- The Dogelon community has garnered a reputation for helping victims of crypto scams by donating ELON coins to help reduce their losses.
- With no use cases for the token, it is uncertain what its future might be.
- Dogelon Mars creators have reinforced that their project isn’t a rug pull by burning the liquidity provider tokens.
Any descriptions of Crypto.com products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation. Dogelon Mars is one of many meme tokens that relies on hype because it has no real utility — at least, not yet. In the world of crypto, hype can be enough for some short-term price runs, but it’s not a recipe for long-term success. Dogelon Mars presents itself as a project that aims to undo the damage done by crypto scammers.
As for who controls the majority of Dogelon Mars, the Methuselah foundation holds 43% of the entire supply while the remaining are sold through crypto exchanges. While the stories have positively affected its value, they are certainly not true. All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction.
The official Dogelon Mars website has published several comic strips on Dogelon’s adventures which are acquired as NFTs by users. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. To celebrate this new platform, Dogelon Mars Rune is conducting a Rune airdrop for its community. Build and earn while playing the online multiplayer mission with friends.
The team also deposited 40 ETH (worth $100 thousand at the time) into the liquidity pool. They received tokens in return for being liquidity providers for Uniswap. Recent developments surrounding ELON have helped in the token’s resurgence in 2024. ELON’s strong community and charitable mission have been attracting attention, with 468,000 followers on X as of this writing. The community is in discussion to expand the token’s utility, though no actions are currently underway. Large portions of the supply are held by those who support the mission, including Vitalik Buterin and The Methuselah Foundation, which promised not to flood the market with tokens.
Recall that Vitalik Buterin, Ethereum founder, had donated ELON token allocation ranging about 43% to the Methuselah Foundation. The charity organization hopes to hold the tokens and not sell them off till it sees the ELON market value surge. The Methuselah Foundation, the not-for-profit organization that benefited from Vitalik Buterin’s donation, has vowed to keep the ELON tokens they had received to maximize its value in the future. Some of their strategies to attain this mission include funding longevity research. The foundation also finances companies and initiatives that innovate products that can extend a healthy human lifespan. Bitcoin Rune is a new fungible token standard on the Bitcoin blockchain.
Dogelon Mars token takes the nature of ERC-20 tokens and enjoys security as a project on the Ethereum network. However, following a security review from CerTified—a cryptocurrency security rating platform, there is no platform or token audit for Dogelon Mars. Also, Dogelon Mars’ insurance and bug bounty are rated at 0%, respectively. Now listed historical cost concept: advantages and disadvantages on Opensea, the platform allows ELON token holders to mint the NFT during stipulated periods. Within this time frame, token holders can create AI-generated NFTs and mint them as collectible NFTs using ELON tokens. However, this wasn’t the case, as Dogelon Mars’ token has constantly seen a downward trend shortly after the hype and FOMO.
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. While Dogelon Mars https://cryptolisting.org/ has no affiliation with Elon Musk or SpaceX, its creators and the community supporting it think of it as a ‘mission token’ rather than a meme coin. Its creators put the rest of the tokens in a Uniswap liquidity pool, seeding it with 40 ETH, or about $100,000, before destroying the tokens they received to signal their commitment to ELON’s success.
Well, it shows that the people behind Dogelon Mars aren’t looking to pull off a rug pull on investors. Rug pulls are scams that involve hyping a crypto project to increase its value. Once the value has gone up significantly, the project team then sells off everything. The massive sell-off then causes the price to crash, and possibly making the project worthless. By burning their liquidity provider tokens, the Dogelon Mars team tries to show that they are in it for the long haul, since they would be unable to withdraw any money from the project. The second half of the overall coin supply was put in a liquidity pool on Uniswap, a decentralized crypto exchange.
Dogelon Mars is a meme coin on the Ethereum network that draws inspiration from the popular Dogecoin token as well as Elon Musk’s aspirations to colonise Mars. Launched on 23 April 2021, ELON saw a 3,600% price increase in October 2021 before fading back to its most recent lows in the late summer of 2023. In early 2024, the token is enjoying a resurgence in popularity and price alongside other meme coins taking part in the overall bullishness of crypto markets. In practice, ELON is a meme coin without much utility beyond buying it and holding it in a wallet like Metamask. Dogelon Mars is a dog-themed meme coin similar to popular canine cryptocurrencies, such as Dogecoin, Shiba Inu, and Floki Inu.
Vitalik gifted nearly half his ELON tokens (roughly $336 million at the time) to the Methuselah Foundation. With the rise of Bitcoin Runes, Dogelon Mars has equally launched a Dogelon Mars Rune platform. This is to enable Dogelon Mars to create its own Runes on the Bitcoin Rune protocol. Dogelon Mars Rune claims it will allow users to mint a fresh supply of Rune on the Bitcoin Rune protocol. Dogelon Mars also operates an AI-generated NFT platform that allows users to create Dogelon Mars-themed art and mint them as collectibles. The NFT platform offers a credible use case for the Dogelon Mars token, allowing token holders to create and mint AI-generated NFTs.
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. Although there are claims that the CEO of the project is a person by the name of “Elon”, there has not been any verified proof to back up the claim. As silly as this is, cryptocurrencies with funny names can have some initial success. But they eventually burn out because most investors won’t take a project seriously if it sounds like a joke.
Dogelon Mars is a meme coin with a solid mission statement, support from Ethereum’s founder and charitable organisations, and a dedicated community. While down from its all-time highs in 2021, the token is seeing a resurgence in 2024 in terms of popularity and price, and discussions are ongoing for potential utilities for the token. Regardless, meme coins are highly speculative assets that experience significant volatility. While many traders seek volatility for potentially high upside, it’s important to keep the underlying risks of potential losses in mind as well.
