There is no lack of cryptocurrencies, and one of them is the ELON.X coin. Have you heard about the ELON.X coin? No? Don’t worry; we are here to help you.
Let’s start from the beginning. Dolegon Mars (CRYPTO:ELON) was launched in 2021. Interestingly, there are many Doge-themed crypto tokens and Dogelon Mars. According to the creators of Dogelon Mars, the above-mentioned cryptocurrency is a fair universal currency for the people.
As stated above, Dogelon Mars is a cryptocurrency. However, it is not only a cryptocurrency. In order to buy Dogelan Mars, you need to use Ethereum, the world’s largest cryptocurrency.
Dogelan Mars is quite popular among traders. Nevertheless, you need to be extremely careful when it comes to the above-mentioned cryptocurrency.
The purpose of the article is to help people who are interested in a Doge-themed crypto token.
Dogelon Mars and its history
As mentioned, it was launched in 2021. However, you won’t find information about a person or a group of people who created Dogelon Mars. Do you know why? Fortunately or unfortunately, there is no information regarding the founder, Elon.X. coin.
What about a white paper? It isn’t possible to read its white paper, as there is no white paper. So, it is all but impossible to know for sure what its purpose is. Moreover, it is hard to talk about its goals without a white paper. When it comes to utility, there is nothing that separates the above-mentioned cryptocurrency from other cryptocurrencies. It is possible to buy Dogelon Mars.Moreover, it is possible to sell it.
Feel free to send Dogelon Mars to crypto wallets. You can do pretty much the same with other cryptocurrencies as well.
There are, nevertheless, several unique things that make Dogelon Mars unique. The creators of Dogelon Mars wanted to create a fair currency.
It is worth mentioning that the starting supply for the Dogelon Mars was one quadrillion ELON tokens.
Dogelon Mars and Vitalik Buterin
The team behind Dogelon Mars made an interesting decision. They sent half of the ELON tokens to Vitalik Buterin. As a reminder, he is best known as one of the co-founders of Ethereum.
One of the co-founders of Ethereum donated about 43% of the ELON tokens to one foundation,
Last May, the above-mentioned foundation promised to keep ELON tokens for at least one year.
What happened to the second half of ELON tokens? The team behind the above-mentioned placed the rest in a liquidity pool on Uniswap.
It is important to note that developers destroyed the liquidity provider tokens they received so that developers could neither retract ELON tokens nor collect any of Uniswap’s liquidity rewards.
Importantly, by destroying the liquidity provider tokens, developers showed that they weren’t going to commit a rug pull. Do you know what a rug pull is? To cut a long story short, it is a crypto scam. Developers increase the value of their cryptocurrency. The next step is to withdraw money. The last step is to disappear.
Interestingly, Dogelon Mars wants to improve the situation. We need to mention that the holders of Dogelon Mars regularly donate ELON tokens.
Dogelon Mars and users
As you can see, ELON.X is not a boring cryptocurrency. But how does it work? Let’s find out!
First of all, it is an ERC-20 token built on the Ethereum blockchain. It is possible to get Dogelon Mars on Uniswap. Of course, you can trade Dogelon Mars for other cryptocurrencies on Uniswap. The vast majority of the holders save Dogelon Mars in a blockchain wallet.
Without a doubt, Dogelon Mars and Methuselah Foundation are partners. It is noteworthy that the Methuselah Foundation endorsed Dogelon Mars.
Dogelon Mars also has its shares of problems. The problem with the above-mentioned cryptocurrency is that nobody knows for sure what its purpose is.
It is very hard to distinguish Elon.x coin from every meme token. So, why should anyone choose it over other cryptocurrencies? As stated earlier, there is no shortage of cryptocurrencies.
Importantly, the only real purpose of Dogelon Mars is to serve as an interplanetary currency. Unsurprisingly, there isn’t much you can do with Dogelon Mars. For example, it is quite hard to find a place that uses Dogelon Mars as a payment method.
Another problem is its name. Yes, Dogelon Mars and other cryptocurrencies with funny names can have some initial success. However, cryptocurrencies with funny names lose attractiveness after a while. Why? The vast majority of investors aren’t ready to invest in such projects.
One really important question is, “Should I invest in Dogelon Mars?”
It makes sense to follow several good rules when it comes to investing in cryptocurrencies. One of them is not to buy any project that doesn’t clearly state its goals. Moreover, it isn’t a good idea to invest in meme tokens. Furthermore, it is better to avoid anything based on Shiba Inu dogs. The same rule applies to Elon Musk, the world’s wealthiest person.
You need to remember that, as in the case of other meme tokens, ELON.X coin also relies on hype because ELON.X has no real utility as of November 2022.
Price and other interesting details
Do you know how to purchase the above-mentioned cryptocurrency?
There are several options. Let’s discuss the most convenient one. First of all, you need to open an account at one of the crypto exchanges that offer an ELON.X coin. The next step is to buy the above-mentioned cryptocurrency through the crypto exchange.
Let’s take a look at some crypto exchanges that offer the above-mentioned cryptocurrency. Feel free to open an account on Gemini or Crypto.com. Another option is to open an account on KuCoin if you aren’t a U.S. resident.
What about the ELON.X coin price?
On December 1, the price of the cryptocurrency mentioned above was $0.0000003236. It reached its all-time high on July 31, 2021. On July 31, its price rose to $0.00003263.
In conclusion, if you want to invest in a cryptocurrency, there are better options compared to Dogelon Mars. So, there is no need to invest in Dogelan Mars.
It is better to invest in cryptocurrencies that have the potential to gain popularity in the near future. Unfortunately, Dogelan Mars isn’t one of them as, along with other problems, it doesn’t have white paper. As a result, it is difficult to learn more about its potential.