With Dogelon Mars already making gains of 1,651.5% following last week’s launch, some traders may be wondering how to get hold of the new coin
There has been a lot of buzz around new cryptocurrency Dogelon Mars since it launched last week. Despite being very new, the coin has already received some important exchange listings and is trading under the ticker ELON after Elon Musk, the SpaceX CEO. So should you buy Dogelon Mars?
Dogelon Mars has already made gains of over 1,651.5% since its launch last week; if it keeps its current trajectory and people continue to buy, could it be the next Dogecoin or the next SafeMoon?
What is Dogelon Mars?
Dogelon Mars (ELON) is a recently launched cryptocurrency created from a fork of Dogecoin. The website claims that the coin is named after the capital city of Mars and launched as an “interplanetary currency” in anticipation of bringing the first settlers to Mars.
Dogelon is apparently not meant to be a meme currency and is designed to be “fair”. 1,000,000,000,000,000 ELON were created at launch, with half being burned as a “gesture of peace” to Ethereum founder Vitalik Buterin. The other half has been permanently locked into a Uniswap liquidity pool from which the token will be distributed for sale.
It is unclear if this suggestion is a joke that half of the total supply has been given to the Ethereum founder, but may be a tongue-in-cheek reference to some trolling on the part of the Tesla founder. It should be noted that it is unclear if the Dogelon Mars has been created by Musk, and that the website creator may be an impersonator.
Dogelon has pledged to airdrop ELON tokens to the victims of rug
