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% of this supply was transferred to Ethereum's co-founder, Vitalik Buterin. The remaining 50%, alongside 400 ETH, was sent to Uniswap to provide initial liquidity.
On May 12, 2021, Vitalik donated 43% of ELON to Methuselah Foundation. He swapped the remaining 7% into ETH before making further donations.
Currently, over 4.6 billion ELON tokens are burned from the total circulating supply of ELON.
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. ELON is one of the top five meme tokens by market cap, according to CoinMarketCap, with price charts showing steady growth.
According to Dogelon Mars' announcement, the project will be diving into the DeFi space and NFTs in the future. If the release of xELON tokens and Dogelon Mars NFTs are well received by the community, there will be a positive impact on ELON's price charts.
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.
