Dogelon Mars is a new cryptocurrency that was introduced in 2021. It is developed on the basis of Ethereum blockchain technology using the ERC-20 token standard. The ERC-20 token standard is a universal variant that is used by most interchangeable tokens on the Ethereum network. The most famous examples are Uniswap, Chainlink and Aave. The Ethereum network also protects most of the interchangeable tokens in its network using the ERC-721 token standard.

Dogelon Mars started trading on Uniswap on April 22, 2021. The initial price of the token was about 0.000000002 dollars, but it soon changed and the token became much more expensive. Those who ventured to invest in the new project increased their capital. In percentage terms, investors who bought Dogelon on April 22 received a huge profit. The tokens were issued as part of an initial DEX Offering (IDO).DEXs are decentralized exchanges, this means that they use blockchain technology for their operations. This differs from centralized organizations such as Coinbase or Robinhood. Like Shiba Inu, Dogelen Mars sent half of his shares to the founder of Ethereum, namely 500 trillion tokens to Vitalik Buterin.

In the future, all the coins sold by Buterin were launched on the Ethereum blockchain as "clones" of the Dogecoin cryptocurrency, the logo of which depicts a dog of the Shiba Inu breed. Also a well-known supporter of the crypto coin is billionaire Elon Musk, which explains the reason behind the name of the Dogelon Mars token and its ticker (ELON).

Dogelon Mars or simply Dogelon is a fork of Dogecoin. However, the token has a much larger total supply than DOGE, which makes the asset less scarce. The total number of Dogelon Mars (also known as ELON, but Elon Musk is not officially associated with this project) is 1,000,000,000,000,000.

How ELON Works?

This altcoin is not a meme coin. It is a real project and its mission is to be a means of payment for the settlers of Mars. Essentially to become the first interplanetary currency. The developers also encourage the Dogelon Mars community to distribute ELON tokens to victims of crypto fraud and other types of fraud. So, the developers of this project want the Dogelon Mars token (ELON) to be a reliable community-based coin.