Elon mars coin9/21/2023 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. Like Bitcoin’s and Shiba Inu’s, Dogelon Mars’ founders remain anonymous to this day. An October 2020 Medium post published by the Dogelon team also hinted at an upcoming non-fungible token (NFT) launch and plans to launch a new token within the Dogelon Mars cryptoverse that will “aid Dogelon Mars on his journey back to Mars.” ELON Token: Dogelon Mars Tokenomics ![]() However, it remains unclear whether 圎LON is designed to enable decentralized governance or be used as a digital currency.Īside from Dogelon Mars’ vague plans for multi-planetary expansion, the project has also begun publishing a Dogelon-themed comic series on its website. ĭogelon Mars’ developers have also announced the upcoming release of a new staking feature that lets users stake their ELON tokens and earn a new token called 圎LON, which is being touted as a multifunctional token that will provide exciting new incentives for the Dogelon Mars decentralized finance (DeFi) ecosystem. 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. Dogelon’s official website and Medium posts largely consist of fictional backstories involving multi-planetary colonization, written from the perspective of a galaxy-brained canine humanoid that loosely resembles Elon Musk.Īccording 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. However, the project team has not released a whitepaper or detailed roadmap outlining their development plans. The stated purpose of ELON token is to serve as an “intergalactic currency” that future space colonizers can use on Mars and beyond. “Plans” for ELON: Crypto for Intergalactic Colonization? As a result, Dogelon Mars has earned some respect within the broader crypto space, although it remains to be seen whether the project will succeed in the long run. Dogelon’s community has earned a reputation for supporting crypto traders who have been scammed, and ELON crypto holders often send airdrops to rugpull victims in an effort to build good will and grow the Dogelon community. Elon Musk has a reputation for engaging with the crypto Twittersphere in an unconventional and impactful manner, and the Dogelon Mars community is unified in calling on Musk to support the project.Īs of January 2022, over 100,000 crypto addresses hold ELON tokens, and Dogelon Mars currently has over 320,000 Twitter followers and 85,000 Telegram community members. There are many Dogecoin-inspired projects within the crypto space, but a main way Dogelon Mars seeks to set itself apart from the pack is by specifically and directly appealing to Elon Musk – the founder and CEO of Tesla and SpaceX. ![]() Instead, Dogelon developers hoped to create a user-friendly, community-based crypto asset similar to DOGE and other leading memecoin projects. ![]() While the Dogelon Mars crypto project launched with a native token, ELON, the asset did not boast any specific use case or application to support the launch. Dogelon Mars was one of several dog-themed memecoin projects to arise in 2021 following the rapid ascent of projects like Dogecoin (DOGE) and Shiba Inu (SHIB).
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