Dogelon Mars plays with several popular themes in the meme coin area. His name is a mix of Dogecoin and Elon Musk, the billionaire entrepreneur who is an outspoken supporter of Doge. He alludes to Mars, a variant of the famous lunar meme, suggesting that Dogelon will experience a massive upward movement. Beyond its ironic name, Dogelon Mars has managed to build a large community with more than 300,000 Twitter followers and more than 84,000 followers on Telegram. Just like its larger, established cousins, the founders of this particular dog coin are unknown. This is somewhat common with meme coins, and investors are well advised due to due diligence with little-known coins to avoid falling victim to malicious practices such as carpet pulls and exit scams. With this in mind, ELON has been on the market for several months, which makes the likelihood of the coin being a relatively low scam. In practice, ELON is a meme coin that doesn`t have much use other than buying it and keeping it in a wallet like Metamask. However, given that it has a strong combination of several very “memable” attributes in its title (Elon Musk, Doge, Moon/Mars), Dogelon Mars could appreciate quickly as the entire cryptocurrency market appreciates and the risk appetite for meme coins increases.
Dogelon Mars uses a humorous comic story by Dogelon, the dog that gives the play its name, as the background to their play. Dogelon “explores the galaxy`s greatest mysteries and seeks to repopulate the planet he once called home with the help of friends he made on his travels through the stars.” Several short comics are published on the play`s website, following Dogelon in his adventures on Mars, where he meets friends and experiences adventures. Dogelon Mars doesn`t have a roadmap per se, but has developed a fantastic version through its comics. After the repopulation of Mars in 2420, Dogelon will have to fight for his survival against the exterminators. This fantasized version suggests that once the coin is listed on all major exchanges, ELON`s price will reach “Mars”, or in other words, it will be traded at a much higher valuation. However, “annihilators,” which could refer to the volatility of crypto markets, will be an issue that the community will have to fight against. Discover Floki Inu (FLOKI) – one of the largest coins for dogs. Dogelon Mars is a meme coin with dog patterns on Ethereum and Polygon. It follows the example of other successful dog pieces such as Dogecoin, Shiba Inu and Floki Inu. Check out Doge Dash (DOGEDASH) – another dog-themed meme piece.
Polygon is a layer two scaling solution for Ethereum that helps increase transaction throughput, which means there is no gas war on Polygon. Elon`s total supply is 1 quadrillion. 50% of all ELON tokens were sent to Vitalik Buterin, the founder of Ethereum, to burn the tokens and effectively remove them from circulation. This is similar to Shiba Inu`s approach, although he initially disrupted the price of the Shiba Inu token because Vitalik decided to donate the tokens to charity. ELON`s remaining offering is permanently tied up in the liquidity pool with a currently outstanding offering of ELON 553 billion. Get the latest crypto news and trading information with CoinMarketCap Alexandria. ELON is available on KuCoin, UniSwap (V2), OKEx, Poloniex, Gate.io and Crypto.com Exchange. Due to its artificially high supply, ELON may gain in value, but it is unlikely to reach $0.01. However, the crypto space is unpredictable.
To learn even more about this project, check out our deep dive on Dogelon Mars. 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. Its proof-of-work consensus mechanism forces miners to mine new Ether and ensures that Ethereum is one of the most secure blockchains in the crypto industry. A number of decentralized nodes validate transactions and secure the Ethereum blockchain. .