Dogelon Mars

price
change

Discover Dogelon Mars's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Dogelon Mars?

Dogelon Mars (ELON) is a dog-themed meme coin launched on the Ethereum network in April 2021. It has a maximum supply of 1 quadrillion tokens, with 50% locked on Uniswap and the other half donated to Vitalik Buterin. The coin has no utility except as a store of value and is used to mint AI-generated NFTs. Its name combines Dogecoin and Elon Musk, referencing the goal to colonize Mars and become an intergalactic currency. The project has a comic story and aims to create a community-driven token, but lacks a roadmap and whitepaper detailing its vision.

How is Dogelon Mars used?

Dogelon Mars (ELON) is primarily used as a digital currency for trading and holding. It can be traded on decentralized exchanges (DEXs) like Uniswap and stored in blockchain wallets. Additionally, the ELON community is known for donating tokens to victims of crypto scams, demonstrating a sense of social responsibility and community support.

How do I store Dogelon Mars?

To store Dogelon Mars (ELON) tokens, you can use a variety of wallets that support the token. Here are some options:

  1. Guarda Wallet: Guarda offers a secure and user-friendly platform for managing ELON tokens. You can create an online wallet or download a desktop or mobile app. The wallet supports over 400,000 assets and allows for easy buying, selling, and staking of ELON tokens.

  2. Atomic Wallet: Atomic Wallet is another multi-asset wallet that supports ELON tokens. It allows for instant swapping, buying, and staking of various cryptocurrencies, including ELON. The wallet is known for its fast support and secure encryption of private keys.

  3. Gate.io: You can also store ELON tokens on Gate.io, a centralized cryptocurrency exchange. To do this, create an account, fund your spot trading account, and follow the steps to buy ELON tokens.

  1. Ledger: Some users store their ELON tokens on Ledger devices, which provide a secure offline storage option. However, it is recommended to send ELON tokens back and forth between the Ledger and exchanges to ensure safety.

When choosing a wallet, consider factors such as security, ease of use, and the range of supported assets. Always ensure you follow best practices for securing your wallet and private keys.

How to buy Dogelon Mars?

To buy Dogelon Mars (ELON) tokens, follow these steps:

  1. Create an Account:

    • Go to a reliable centralized exchange like KuCoin, Binance, or Crypto.com.
    • Register and set up your account by providing the necessary information and completing any identity verification steps.
  2. Secure and Verify Your Account:

    • Ensure your account is secure by setting up two-factor authentication and a strong password.
    • Complete any additional verification steps required by the exchange.
  3. Add a Payment Method:

  • Choose a payment method, such as a credit or debit card, bank transfer, or third-party channels.
  • Set up your payment method according to the exchange's instructions.
  1. Buy Dogelon Mars (ELON):

    • Navigate to the Buy & Sell section of the exchange.
    • Select Dogelon Mars (ELON) as the cryptocurrency you want to buy.
    • Choose your preferred payment method and enter the amount you want to purchase.
    • Confirm your purchase.
  2. Store Your Dogelon Mars (ELON):

    • You can store your ELON tokens in your exchange account or transfer them to a personal cryptocurrency wallet like MetaMask or Trust Wallet.
  3. Optional: Use a Decentralized Exchange (DEX):

  • If you prefer to use a DEX, download a compatible wallet like Trust Wallet.
  • Connect your wallet to the DEX and swap your Ethereum (ETH) for Dogelon Mars (ELON).

Remember to always research the exchange and follow best practices for securing your account and wallet.

Discover
Dogelon Mars
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Dogelon Mars

Dogelon Mars (ELON) is a doge-themed token project that emerged in 2021, following the success of other dog-themed memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB). The project aims to replicate the success of Dogecoin while referencing Elon Musk’s vision to colonize Mars.

Launch and Early Developments

Dogelon Mars was launched in April 2021 on the Uniswap decentralized exchange (DEX). The project was created by an anonymous community of developers who ran it on both the Ethereum and Polygon blockchain networks. The founders locked 50% of the total ELON liquidity in a Uniswap liquidity pool, while the other half was donated to Vitalik Buterin, the co-founder of Ethereum. Buterin then sent the donated ELON to various DAOs and foundations.

Community Engagement and Airdrops

The Dogelon Mars community has been active in supporting crypto traders who have been scammed. In April 2021, the community airdropped 734 million ELON tokens to individuals who had lost money on the WOGE token rug pull. This was followed by another airdrop of over 72.7 million tokens after the CUBACOIN rug pull. The community also launched its first Dogelon Mars comic non-fungible token (NFT) on the OpenSea marketplace, which saw over $100 million in ELON volume traded within 24 hours.

Tokenomics and Supply

Dogelon Mars has a maximum supply of 1 quadrillion coins. As of December 2023, there were over 551 trillion ELON tokens in circulation, giving the token a market capitalization of $179.8 million at the time. The project is built on the Ethereum blockchain, making ELON an ERC-20 token that can be tracked on any Ethereum block explorer.

Price Performance and Predictions

The ELON coin price has seen some fluctuations. In early November 2023, the token reached six-month highs of $0.000000532 following a collaboration with Rage Fan, introducing blockchain gaming for ELON holders. However, prices have since retreated. DigitalCoinPrice's ELON coin price prediction saw the price trending higher, averaging at $0.000000812 in 2023 based on historical data.

Current Status and Availability

Dogelon Mars is not available for trading on the Coinbase Exchange but is supported on Coinbase Wallet. The current price of Dogelon Mars in the United States is $0.00000018 per ELON token.

Discover
Dogelon Mars
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Dogelon Mars works

Dogelon Mars (ELON) is a cryptocurrency built on the Ethereum blockchain, utilizing the ERC-20 token standard. This standard provides security from the Ethereum blockchain while allowing unique features within the token itself. The token's tokenomics are notable, with 50% of its supply gifted to Vitalik Buterin, the founder of Ethereum, who later donated this gift to a COVID-19 relief charity in India. The remaining 50% of the supply was locked into the Uniswap liquidity pool.

Dogelon Mars operates similarly to other ERC-20 meme coins. It does not have any specific use cases like stablecoins, but its founder has pledged to send tokens to victims of rug pulls and crypto scams. The community plays a significant role in determining whether an individual has been scammed and how much they should be reimbursed.

The token's popularity is largely driven by its community, which includes over 250,000 members on Telegram and Twitter. Despite its popularity, the token itself has limited practical uses, being primarily branded as an "intergalactic currency".

Discover
Dogelon Mars
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Dogelon Mars's strengths

Dogelon Mars (ELON) has several strengths that contribute to its popularity and potential:

  1. Fair Distribution: Dogelon Mars was designed to be a fair and universal currency. The developers did not hold a presale or keep tokens for themselves, ensuring a fair distribution of the tokens. Half of the tokens were given to Vitalik Buterin, who donated a significant portion to charity, and the other half was locked in a liquidity pool on Uniswap.

  2. Strong Community: Dogelon Mars has built a large and passionate community. The community is known for supporting victims of crypto scams by sending airdrops to help them recover their losses. This community-driven approach has earned the project respect within the broader crypto space.

  3. Unique Concept: Dogelon Mars aims to create an intergalactic currency for future space colonizers. This ambitious goal, combined with its Elon Musk-inspired theme, sets it apart from other memecoin projects.

  1. Technical Analysis: The token has shown stability in the market, with a 14-day relative strength index (RSI) of 47.67, indicating a neutral position. Additionally, the fear and greed index is at 64, indicating greed, which can be a positive sign for investors.

  2. Partnerships: Dogelon Mars has partnered with the Methuselah Foundation, which has pledged not to sell any of the donated tokens for at least a year. This partnership has also led to the community donating funds for a vascular tissue science experiment on the International Space Station.

These strengths demonstrate Dogelon Mars' commitment to fairness, community engagement, and innovation, which can contribute to its long-term success in the cryptocurrency market.

Dogelon Mars's risks

Dogelon Mars (ELON) faces several risks that investors should be aware of. One significant concern is that it lacks a clear purpose or utility, making it indistinguishable from other meme tokens. This lack of a unique value proposition raises questions about its long-term viability and potential for widespread adoption.

Another risk is that the project's name, which is a mashup of crypto buzzwords, might be perceived as unprofessional or even a joke. This could deter serious investors from taking the project seriously.

Additionally, Dogelon Mars has no white paper detailing its goals or objectives, which can make it difficult for investors to understand the project's vision and potential.

The project's reliance on a large and passionate community might not be enough to sustain it in the long run. The lack of a clear use case and the absence of any significant real-world applications could limit its growth and adoption.

Furthermore, regulatory scrutiny is a potential risk, particularly due to its name, which might attract unwanted attention from authorities.

Despite these risks, some analysts believe that if Dogelon Mars can regain its previous bull market hype, investors might experience significant gains. However, this is not without risk, and investors should carefully weigh the potential rewards against the potential risks involved.

Discover
Dogelon Mars
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Dogelon Mars raise funds?

Discover
Dogelon Mars
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Dogelon Mars’s team

  • Developers: The founders of Dogelon Mars remain anonymous, similar to those of Dogecoin and Shiba Inu. They have not released a whitepaper or detailed roadmap outlining their development plans, and their identities are not publicly known.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Dogelon Mars NEWS REPORT

Latest news

Want an analysis of Dogelon Mars? Tell us on discord.

Similar tokens

floki-inu
Floki Inu
dogwifhat
dogwifhat
mew
cat in a dogs world
Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM