What Is Elon Doge (EDOGE)?

Elon Doge is a decentralized platform powered by blockchain technology and meme token EDOGE as the native token. Meme tokens are cryptocurrencies inspired by memes or jokes on the internet. The project is mainly said to be a project for people fascinated about planet Mars and making it a backup planet for humankind. In addition, Elon Doge is a mix of all cryptocurrency components like decentralized finance (DeFi), play-to-earn gaming model, NFTs, yield farming, etc.

As per the whitepaper, the entire Elon Doge ecosystem is a collection of various DeFi and NFT applications created for the different needs of the users. The details are as follows:

• E10N NFT Foundry – is a place to create NFTs. These NFTs are 3D NFT cards containing culture bombs about Mars, Elon, and Dogecoin. The NFTs have a different auction station where these are auctioned off. EDOGE is the only currency supported there. The NFTs on the platform are useful in many ways. One of the secondary functions of the NFTs is that they can help users boost the annual percentage yield at Elon Farms.

• Elon Swap - is a decentralized exchange (DEX) platform.

• Elon Play – is the play-to-earn gaming platform full of arcade games set out in the Elon Doge metaverse. The users can earn while having fun here.

• Elon Farms - is a platform for yield farming for users to earn more crypto.

A 10% transaction tax is deducted on each transaction on the platform, out of which 5% is redistributed among the token holders as a reward for holding EDOGE, and the other 5% adds liquidity to the platform.

History of Elon Doge (EDOGE)

Elon Caption is the name of the founder of Elon Doge. Elon Caption is a software developer fascinated by the power of memes. Therefore, he created a project that aims to harness the power of memes.

EDOGE token had a fair launch, and there were no tokens reserved for influencers, traders, or the team. The maximum total supply of EDOGE tokens is one quadrillion tokens.