- The Dogelon Mars community is working hard to teleport xELON into its ecosystem.
- Participating in the ELON staking program generates xELON.
About Dogelon Mars
Dogelon Mars is an Ethereum-based project that uses the ERC-20 token standard. This implies that it utilizes the Ethereum blockchain for security while also developing its unique features within the token.
One of these characteristics is tokenomics. Vitalik Buterin, the developer of Ethereum, received 50% of the original supply. The remaining 50% was invested in the Uniswap liquidity pool. The token was initially launched on the DEX sometime in April.
The group seeks to develop “intergalactic currency,” but no plans have been revealed. Aside from extremely hazy ambitions, the project is making plans to expand on its use cases.
The investment community is responsible for a large portion of the ELON price gain of 100,000%. The project leverages Twitter and Telegram to contact approximately 250,000 people and encourage more investors to invest. The community is quite strong and provides unwavering support for the token.
XELON Is Coming Soon
Dogelon Mars is moving forward with its development, constructing DeFi, and staking claims with a new contract. As community leaders bring DeFi and a new token to the Dogelon Mars Ecosystem, development is currently in progress.
This update was given to the members of the Dogelon Mars in a Tweet on the 4th of November.
“The Dogelon Mars community is working hard to teleport xELON into this dimension! xELON brings
Dogelon into the DeFi universe as a:
DeFi earning protocol
$ELON staking incentive”-@DogelonMars
The Dogelon Mars community is working hard to teleport xELON into this dimension! xELON brings Dogelon into the DeFi universe as a:
🏛 Governance token
📈 DeFi earning protocol
🥩 $ELON staking incentive
Expand your knowledge: https://t.co/7RDvaJdL5F
— Dogelon Mars (@DogelonMars) November 4, 2021
What is xELON?
xELON is a governance token that helps the Dogelon Mars DeFi ecosystem make decisions and provides incentives. Participating in the ELON staking program generates xELON. Users who stake their ELON or ELON/WETH LP tokens to strengthen the Dogelon ecosystem are rewarded with xELON tokens.
xELON will be used as a governance token to vote on proposals, coordinate protocol decision-making, distribute treasury grants, and more.
Does Dogelon Mars have projects in the works?
Dogelon Mars is becoming more widely used outside of the cryptocurrency space. About a day ago, the Dogelon Mars initiative was featured on the 68th NASCAR race in Phoenix, Arizona. Dogelon Mars has revealed its future ambitions in collaboration with the Methuselah Foundation, a non-profit medical organization dedicated to increasing human lifetime. The collaboration sparked concerns about the $ELON’s liquidity, putting its worth in jeopardy. Dogelon Mars will be joining the DeFi and NFT ecosystems in the coming weeks.
Dogelon Mars is now trading at $0.000002, with a 24-hour trading volume of $222,441,750. In the previous 24 hours, Dogelon Mars has increased by 30.48 percent.