What Is Dogelon Mars (ELON)?
Dogelon Mars (CRYPTO:ELON) is one of many Doge-themed crypto tokens that launched in 2021. The team behind the crypto describes it as a fair universal currency for the people and has touted it as an interplanetary currency used by space colonizers.
In addition to being a cryptocurrency, Dogelon Mars is also a character that stars in a comic series for sale as non-fungible tokens (NFTs). Somewhat ironically, you can only buy them using Ethereum (CRYPTO:ETH).
Although this cryptocurrency has built a large and passionate community, there are plenty of reasons to be wary about it. In this guide, we’ll go over what stands out about Dogelon Mars, the red flags, and whether there’s any reason to buy it.
What makes Dogelon Mars unique?
Dogelon Mars launched on April 23, 2021. There’s no information available about the founder of the token. It also doesn’t have a white paper detailing its purpose or goals.In terms of utility, there’s nothing that separates Dogelon Mars from other crypto tokens. You can buy it, sell it, and send it to crypto wallets, but that’s the case with practically every digital currency.
There are, however, a few unique things that the Dogelon Mars developers have done. They aimed to create a fair currency, so they didn’t hold a presale or keep tokens themselves.
The starting supply for the project was 1 quadrillion ELON tokens. The developers sent half of those crypto tokens to Ethereum…