Is Dogelon (ELON) The New Dogecoin?How To Trade ELON in 2022

2022 年 4 月 7 日

WHAT IS DOGELON?

Dogelon also known as ELON is one of the dog-meme tokens, a blending of Dogecoin and Dogecoin investor, Elon Musk,

The owner of Tesla and SpaceX who is somewhat of a meme himself in the Crypto community and is also regularly seen posting about Crypto on his Twitter Handle. While Dogelon has no direct relation to the Multi-wealthy entrepreneur, the name sure has a large influence in the Crypto World.

As, the ELON token now has more than 125,000+ holders.

According to the Dogelon website, the coin is “a fork of Dogecoin”.

WHY DOES DOGELON MATTERS?

The coin is a largely visible sign that Entrepreneur Elon Musk has a big impact in cryptocurrency.

His enthusiasm and promotion of meme-coins may have just spurred the growth of others like “DOGE”.

HOW DOES DOGELON FUNCTION?

Dogelon (ELON) has been created on one of the world’s most popular blockchains, that is “ETHEREUM”.

Dogelon 50% supply was gifted to Vitalik Buterin and the rest is locked on Uniswap.

Dogelon works in the same sense as any other ERC-20 meme token. However, it’s popularity has made it stand firmly, ranking just below DOGE and SHIB coin.

SPECIAL CHARACTERISTICS OF DOGELON

50% Supply Gifted To Vitalik Buterin.

A similar strategy done by the Shiba Inu (SHIB) token, however, this strategy is now somewhat of a signature characteristic of the ELON token.

DOGELON TOKENOMICS

According to it’s tokenomics, 50% as mentioned above of all supply of Elon token was sent to Vitalik Buterin. The other 50% supplies of token is locked permanently in the Uniswap Liquidity Pool.

The Maximum supply of ELON tokens is:

1,000,000,000,000,000

The Circulating token supply is:

555,841.79B.