What Is Dogelon (ELON)?
Dogelon (ELON) is a Dogecoin fork that claims to be the first interplanetary currency. A fork occurs when a community changes a blockchain'sprotocol, or set of rules. Dogecoin was founded as a fun alternative to existing cryptocurrencies, widely regarded as a “memecoin.” However, Dogelon claims to be different from a memecoin, and the project aims to evolve by undoing the harm that fraudsters, schemers, and other bad actors have caused to this cryptocurrency.
Dogelon Mars’ fictional narrative begins with a message to the people of Earth. As stated on the website, Dogelon devotes its life to ensuring that humanity evolves into a multi-planetary species. Interplanetary flying, terraforming the planet, sending inhabitants to other planets, and developing an interplanetary currency are all part of this project.
With the Methuselah Foundation, the Dogelon Mars community seeks to collaborate in their mission to extend human life research. Considering that, Dogelon Mars envisions a galaxy-wide community based on freedom, peace, and calm for all species. The community aims to be the trigger that kickstarts life on Earth’s voyage through the stars. Further, the Dogelon community aims to pledge to transfer tokens to victims of rug pulls and scams over time, allowing them to transform their worst trading day into their greatest. Notably, early members of the community provided ELON airdrops to those who had been impacted by several rug-pulls (exit scams).
The native currency of Dogelon, ELON, is an Ethereum-based token. One of its main features is the transfer of token supply to Vitalik Buterin (one of the cofounders of Ethereum), inspired by the Shiba Inu strategy. The platform states that 50% of its token supply was burned to Buterin to ensure a fair distribution of the tokens. The other half of the ELON tokens were added to Uniswap and locked forever. This ensures that no starting liquidity may be removed from the Uniswap pool, thereby avoiding any possibility of initial liquidity withdrawal by the developers.
Furthermore, Dogelon Mars endeavors to venture into the next stage of development, constructing DeFi and staking with a new contract. The protocol enables users to swap ETH tokens with ELON tokens using exchanges like Coinbase. Further, as a means to expand the Dogelon ecosystem, the community aims to launch a governance token called xELON to facilitate decision-making and incentivize the token holders. By participating in the native token ELON’s staking program, xELON tokens are created. Subsequently, users are rewarded with these xELON tokens to make the ecosystem stronger. Furthermore, xELON is intended to be used as a governance token to vote on proposals, organize protocol decision-making, disburse treasury grants, and more.
History of Dogelon (ELON)
Dogelon Mars was launched in 2021 as a fork of Dogecoin. The ELON has a maximum total supply of 1,000,000,000,000,000 ELON tokens.
