While many traders seek volatility for potentially high upside, it’s important to keep the underlying risks of potential losses in mind as well. While Dogelon Mars 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. Not only do digital asset markets never close, but they’re more volatile than traditional investments like equities and real estate.
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Sign up for an account in minutes to buy crypto using credit card or bank transfer. The planned but to-date-unlaunched xELON token would be an addition to Dogelon Mars’ ecosystem. Other than Dogelon AI and its native comic series, Dogelon Mars has no current utility. Efforts are underway to change this, and started with a transition in April 2024 to make ELON a decentralised autonomous organisation (DAO).
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As of the time of this writing, Dogelon Mars has straightforward tokenomics. There is a fixed supply of one quadrillion tokens, with half of those on hold with Vitalik Buterin or groups that received donations from him, reducing the supply in circulation. This means the majority of Dogelon Mars’ value comes from market sentiment and the efforts of its community to support ELON’s mission. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 877 exchanges. The other half of the tokens were sent to Uniswap’s DEX to provide liquidity for traders.
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You can buy it, sell it, and send it to crypto wallets, but that’s the case with practically every digital currency. If you are looking for a secure way to store your ELON for a long time, there are different ways you can keep it safe. Storing your ELON on Hot Wallets or online wallets could expose your tokens to some security breaches. The most reliable place to store your coins is to store them in hardware wallets, where your funds are stored offline. 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.
Dogelon Mars price today is $ 0.0₆1784 with a 24-hour trading volume of $ 2.45M, market cap of $ 98.07M, and market dominance of 0.00%. The developers sent half of those crypto tokens to Ethereum co-founder Vitalik Buterin, copying a publicity stunt that was first done by Shiba Inu (SHIB 3.22%). Buterin donated about 43% of the ELON tokens to the Methuselah Foundation, a charity focused on extending what is the distinction between the phrases capitalize and depreciate human longevity. The foundation pledged in May 2021 not to sell any of those tokens for at least one year and to advance ELON’s long-term value. Dogelon Mars (ELON) tokens are ERC-20 tokens and operate on the Ethereum blockchain. Hence, they can be stored in any wallet that supports Ethereum and ERC-20 tokens, including MetaMask, Trust Wallet, Ledger Nano S, Trezor One, and others.
This move mirrored a strategy previously deployed by Shiba Inu, with the intent to reduce the project’s circulating supply and draw attention to its projects. The live Dogelon Mars price today is $1.78e-7 USD with a 24-hour trading volume of $1,853,766 USD. The current CoinMarketCap ranking is #371, with a live market cap of $98,003,117 USD. It has a circulating supply of 549,652,770,159,583 ELON coins and the max. The Dogelon Mars founders can’t do that because when they deposited their funds into the project, they burned the tokens they received for doing so.
From any of the supported crypto exchanges, you can buy dogelon mars with your USDT. The other half of ELON tokens were sent to Uniswap’s DEX to provide liquidity for traders. Sending the rest of the supply to Uniswap enables the market to decide the price of Dogelon Mars without any influence from the team itself.
This operational change gives the community a more powerful role in driving innovation for the project and could lead to increases in utility. Learning how to buy Dogelon Mars is the hard part but you still should learn how to store it and other cryptocurrencies safely. However, the token has a much larger maximum supply than DOGE, making the asset less scarce. The website also has an open letter from “Elon” which states the plans for the cryptocurrency. After connecting your wallet, you are all set to swap your Ethereum for Dogelon Mars tokens. Depending on the traffic, one of these will provide a swap with a lower fee than the other, so make sure to check that too.
Dogelon Mars is a memecoin project that seeks to create an “intergalactic currency” for future space colonizers, and their community is aiming past the moon. Dogelon Mars plays on several popular themes in the meme coin space. Its name is a mixture of Dogecoin and Elon Musk, the billionaire entrepreneur who is an outspoken supporter of Doge. It alludes to Mars, a spin on the famous moon meme, implying that Dogelon will experience a massive upward movement. Beyond its tongue-in-cheek name, Dogelon Mars has managed to build a significant community, with more than 300,000 Twitter followers and more than 84,000 followers on Telegram.
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. When assessing a digital asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility. The ELON community also supports an ongoing comic series featuring the adventures of Dogelon Mars, a cartoon Shiba Inu designed to resemble Elon Musk, available for purchase as NFTs. XELON is Dogelon’s governance token to vote on initiatives, award treasury grants, etc. and is distributed to ELON holders who stake their tokens. Subsequently, users are rewarded with xELON tokens to make the ecosystem stronger.
If you want to invest in crypto, there are much better options out there than Dogelon Mars. Look for cryptocurrencies that aim to solve real-world problems, not problems on Mars. If you’re looking for something simple, cryptocurrency stocks could be a good way to go. The long-term potential of investing in Dogelon (ELON) is uncertain due to factors such as high volatility, lack of utility, and regulatory uncertainty.
- Select your preferred method of payment, review your trade details, and swipe to confirm your order.
- It published a paper, called the Amicus Token Paper, to go over its plans for the cryptocurrency.
- However, he doesn’t confirm he is Elon Musk, and it’s extremely unlikely that Musk would create a cryptocurrency without announcing it to the public.
- 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).
- The largest recipient of Vitalik’s ELON crypto donations was an organization called the Methuselah Foundation, a non-profit focused on ethical life extension and regenerative medical therapies.
Dogelon Mars creators have reinforced that their project isn’t a rug pull by burning the liquidity provider tokens. A rug pull is a typical cryptocurrency scam where developers pump up the value of their coin, then abandon the project after withdrawing as much of the asset as they can. However, ELON creators cannot commit a rug pull because when they deposited their funds into the project, they burned the tokens they received for doing so. This shows that although the Dogelon Mars founders are unknown, they have good intentions.
It’s important to conduct thorough research and analysis to ensure you make an informed investment decision. OKEx has a native token called OKB that provides exclusive benefits, discounts, rewards, and governance rights. Users can earn passive income and access low fees, fast transactions, and powerful APIs.
This project has recently entered the top 100 biggest cryptocurrencies regarding market capitalization – and this is huge. You can get it on Uniswap and trade it for other cryptocurrencies on that exchange. Most holders simply save it in a blockchain wallet, and some will donate tokens to victims of crypto scams to help fulfill the community’s mission. Dogecoin was the first meme coin to gain acceptance, followed by the rise of Shiba Inu and other projects.
Despite lacking true utility, Dogelon Mars is backed by a strong community that believes in its charitable mission to support advancements in quality of life, space travel, and good citizenship. One of the largest ELON holders is the Methuselah Foundation, a biomedical non-profit charity seeking to extend the human lifespan, through donations from Vitalik Buterin. In conjunction with the Methuselah Foundation, the Dogelon Mars community helped fund experiments on the International Space Station (ISS).
Dogelon is unique and different from other meme coins in three major ways. Until then, you’re better off holding your Dogelon Mars tokens until you’re ready to take profits. Once you are ready to sell your tokens you should probably use Gemini as it is the best U.S. centralized exchange that offers it. While these tokens can provide radical returns to early investors, the price action is purely speculation. These tokens haven’t released many viable products, and more established cryptocurrencies should outcompete these meme cryptos in the long run.
It’s easy to buy ELON and other popular meme coins such as Shiba Inu (SHIB), Dogecoin (DOGE), and dogwifhat (WIF) in the Crypto.com App. Purchase ELON with USD, GBP, EUR, and more than 20 other fiat currencies, or trade your tokens for over 250 other cryptocurrencies, like BTC, ETH, SOL, and more. Recent developments surrounding ELON have helped in the token’s resurgence in 2024.
The top-performing year for Dogelon Mars was 2021 when the price of ELON increased by 4,069.39% from $ 0.0₇3752 to $ 0.0₅1564. The worst performing year for Dogelon Mars was 2022 when the price dropped by -82.14% from $ 0.0₅1564 to $ 0.0₆2793. The average yearly growth of Dogelon Mars https://cryptolisting.org/ over the last 4 years is 1,317.02% per year. Usually, Dogelon Mars performs best in Q4 with an average of 966.81% gain and worst in Q3 with -27.88% loss. Once you have entered a compatible USDT address, confirm the transaction and your USDT will arrive at the exchange you sent it to.