Dogelon Mars price
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About Dogelon Mars
Disclosures
Dogelon Mars risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Dogelon Mars. All crypto assets are risky, there are general risks in investing in Dogelon Mars. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
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Lack of Protections
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Liquidity Risk
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Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
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Meme coins
Meme Coins are crypto assets whose value is driven by community sentiment and online trends. Risks linked to Meme coins include:
Market Risk
Cryptocurrency markets are known for their extreme price volatility, with values often experiencing rapid and unpredictable fluctuations.
Market Sentiment Risk
Cryptocurrency prices can be heavily influenced by market sentiment, news, and social media. FUD (fear, uncertainty, doubt) and FOMO (fear of missing out) can drive irrational price movements and create reputational risk.
Market Manipulation Risk
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Enterprise Risk
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Model of Operation Risk
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Transparency Risk
Decentralized crypto projects can have founders / foundation / developers who may exert undue influence on the project outcome. These founders / foundation / developers may be anonymous which can lead to an increase in enterprise risk. Disagreements within the Founders / Foundation / Community can lead to events such as forks or dilution which could lead to diminishing the value of previously established assets. Network validators may prioritize their own interests, which may not always align with the overall health or decentralization of the network.
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Dogelon Mars FAQ
Dogelon Mars is a dog-themed meme token built on Ethereum that airdrops tokens to rug pull victims and funds space and human life extension research. ELON is the name and ticker symbol of Dogelon Mars's native ERC-20 token.
Dogelon Mars airdrops their native ERC-20 token, ELON, to rug pull victims.
Easily buy ELON tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the ELON/USDT trading pair.
You can also buy ELON with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.
Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for ELON with zero fees and no price slippage by using OKX Convert.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into ELON, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
Dive deeper into Dogelon Mars
Dogelon Mars is a meme project built on the Ethereum blockchain that airdrops ELON tokens to crypto holders who have been rugged by scam projects. The name of the project is inspired by Dogecoin and Elon Musk. ELON is the name and ticker symbol of Dogelon Mars' native ERC-20 token.
Dogelon Mars has launched five comics on OpenSea that describe the adventures of Dogelon. In addition, the project has airdropped 734 million ELON tokens to every victim of the WOGE rug pull and over 72 million to each CUBACOIN rug pull victim.
In the future, ELON token holders will be able to stake their tokens to earn xELON tokens. xELON tokens will allow holders to participate in the governance of the Dogelon Mars project. This includes voting on Dogelon Mars' initiatives, participating in the protocol's decision-making, distributing grants from the treasury, accessing DeFi earning opportunities, and more. Furthermore, there will be xELON staking incentives for the Dogelon Mars community. Following the launch of xELON, the project will release a new Dogelon Mars NFT collection in which owners will have enhanced voting rights in Dogelon Mars' governance, among other benefits.
Dogelon Mars has contributed to Methuselah Foundation, a non-profit biomedical charity focused on human life extension and longevity research. Additionally, the International Space Station (ISS) U.S. National Laboratory has recognized Dogelon Mars for supporting International Space Station research.
ELON price and tokenomics
On April 23, 2021, ELON was released with a maximum supply of 1 quadrillion units via a fair launch. 50 percent of this supply was transferred to Ethereum's co-founder, Vitalik Buterin. The remaining 50 percent and 400 ETH were sent to Uniswap to provide initial liquidity.
On May 12, 2021, Vitalik donated 43 percent of ELON to Methuselah Foundation. He swapped the remaining 7 percent into ETH before making further donations.
In less than a month of its launch, Dogelon Mars had over 30,000 ELON holders. This number multiplied to over 100,000 holders by November. According to Dogelon Mars' announcement, the project will dive into the DeFi space and NFTs in the future.
About the founders
The Dogelon Mars project was launched on April 23, 2021. Since its launch, the Dogelon Mars team has partnered with Methuselah Foundation to help them achieve their aim of extending human lifespan. The project has also collaborated with DeFi projects, such as Popsicle Finance, to provide liquidity farming to ELON holders.
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