Dogelon Mars is a memecoin project launched in 2021 with a native token, ELON, and a community-based approach similar to Dogecoin. It is named after Elon Musk, the founder of SpaceX, Tesla, and other groundbreaking companies. The name is a combination of "doge" (a reference to the popular Dogecoin) and "elon". The project seeks to differentiate itself by directly appealing to Elon Musk and has gained a reputation for supporting traders who have been scammed. At the time of writing, the token has close to 150,000 holder wallets.
As a memecoin, Dogelon Mars does not have clear utility. The project team has not released a whitepaper or detailed roadmap outlining their development plans. The official website and Medium posts consist of fictional backstories involving multi-planetary colonization. The ELON token that aims to be used as an "intergalactic currency" for future space colonizers. The project also publishes a Dogelon-themed comic series on its website and hinted at an upcoming NFT launch and plans to launch a new token within the Dogelon Mars cryptoverse.
There are one quadrillion (fifteen zeroes) ELON tokens in total supply. 549,652,770,159,583 (55%) ELON tokens are in circulation at the time of writing.
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