According to the project, xELON would be used as a governance token to vote on initiatives, coordinate protocol decision-making, award treasury grants, and more, and it would be distributed to ELON holders who stake their tokens. It must be noted that the ELON token is xcritically ranked at #126 in the whole world with a market cap of $676,124,712. It ranks only below SHIB and DOGE – two meme-tokens that have a lot of holders and a huge social media community behind them.
- Also, as its market capitalization grows, the chances of Binance listing the token also grow.
- 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.
- At its initial coin offering (ICO), 50% of the total ELON supply was sent to Ethereum co-founder Vitalik Buterin, while the other half was held in Uniswap.
- This token is way younger than Dogecoin and does not even have its own xcritical but is rather built on the Ethereum xcritical.
The information provided on the Site is for informational purposes only, and it does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. A qualified professional should be consulted prior to making financial decisions. Sign up for an account in minutes to buy crypto using credit card or bank transfer. ELON is an ERC-20 token on Ethereum, one of the most prominent xcriticals and go-tos for many decentralised applications (dapps). At its initial coin offering (ICO), 50% of the total ELON supply was sent to Ethereum co-founder Vitalik Buterin, while the other half was held in Uniswap. In 2021, Buterin donated all of his USD ELON to the Methuselah Foundation for life extension research and longevity.
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. The stated purpose of ELON token is to serve as an “intergalactic currency” that future space colonizers can use on Mars and beyond. However, the project team has not released a whitepaper or detailed roadmap outlining their development plans. 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.
Dogelon Mars Price Live Data
Similar to Binance, xcritical is very picky when it comes to listing new crypto projects. They have provided some xcriticals that any project that wants to get listed in this exchange should follow. Firstly, the team should clarify if their coin/token is an investment or a security. Secondly, they should try to get rid of any superuser privileges and be as fair as possible. Thirdly, the project should have a considerable amount of decentralization implemented.
The Fantasy Story Behind Dogelon Mars (ELON)
Its name also alludes to the project’s goal to fund the colonisation of Mars and to be used as an intergalactic currency when that happens. Both Dogecoin and Shiba Inu are listed in two of the biggest cryptocurrency exchanges – Binance and xcritical. But what does this mean for other meme-coins and the overall meme sector of cryptocurrencies? Well, we don’t exactly know, but this hints that even the biggest exchanges have opened their doors for meme-coins. In practice, ELON is a meme coin without much utility beyond buying it and holding it in a wallet like Metamask. As of January 2022, over 100,000 crypto addresses hold ELON tokens, and Dogelon Mars xcritically has over 320,000 Twitter followers and 85,000 Telegram community members.
Dogelon Mars Price Chart (USD)
Like Bitcoin’s and Shiba Inu’s, Dogelon Mars’ founders remain anonymous to this day. 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. Dogelon Mars can be acquired by swapping ETH for ELON or by buying it on crypto exchanges like Crypto.com or its original home, Uniswap, via the Crypto.com DeFi Wallet. Dogelon Mars has been created on one of the world’s most popular xcriticals – Ethereum.
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. What we do know is that Dogelon Mars is built on the Ethereum xcritical, meaning ELON is an ERC-20 token that can be easily tracked on any Ethereum block explorer. Based on ELON’s on-xcritical history, it’s clear that the Dogelon Mars crypto team did not conduct a token pre-sale, nor give project insiders early access to ELON tokens before its public debut.
I’m a technical author and xcritical enthusiast who has been in love with crypto since 2020. For Binance to list Dogelon Mars, an ELON/BUSB or ELON/BNB pool should be raised to provide enough liquidity. Additionally, Binance should be regularly informed about the Dogelon Mars project and its achievements. Get the latest crypto news and trading insights with CoinMarketCap Alexandria.
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Following this donation, the Foundation issued a press release promising to be responsible stewards of their ELON tokens. This announcement generated significant enthusiasm across the greater crypto community. However, it remains unclear whether xELON is designed to enable decentralized governance or be used as a digital currency. The Dogelon Mars price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. The planned but to-date-unlaunched xELON token would be an addition to Dogelon Mars’ ecosystem.
So, according to the crypto analysts and experts, if SHIB and DOGE make a big move, ELON is most likely to follow. Furthermore, we have Shiba Inu, the meme-coin that surpassed Dogecoin recently. This token is way younger than Dogecoin and does not even have its own xcritical but is rather built on the Ethereum xcritical. They aim to achieve this through their decentralized exchange (Shibaswap), and their other two tokens (LEASH & BONE).
Binance may list Dogelon Mars since it is the biggest meme-coin after Dogecoin and Shiba Inu. Also, as its market capitalization grows, the chances xcritical official site of Binance listing the token also grow. It follows the example of other successful dog coins like Dogecoin, Shiba Inu and Floki Inu.
The token’s 50% supply was gifted to Vitalik Buterin and the rest is locked on Uniswap. CoinMarketCap takes a deep dive into Dogelon Mars (ELON), a dog-meme token that has taken over many of its rivals and is expected to lead the dog-coin race. Considering that Dogelon Mars already fulfills most of these https://xcritical.pro/ criteria, this token may be the next meme-coin to be listed in xcritical. We believe that this might have a huge positive impact on Dogelon Mars’ performance if it happens. Although they have such a high number of listed projects, they are still very picky when it comes to listing new cryptocurrencies.