How To Buy Dogelon Mars (ELON)?
A common question you often see on social media from crypto beginners is “Where can I buy Dogelon Mars?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process.
Step 1: Create an account on an exchange that supports Dogelon Mars (ELON)
First, you will need to open an account on a cryptocurrency exchange that supports Dogelon Mars (ELON).
We recommend the following based on functionality, reputation, security, support and fees:
Fees (Maker/Taker) 0.2%*-0.2%*
Available for Trade 1000+
Up to $100 in USDT vouchers*
North America, South America, Europe, Asia, Oceania, Africa
In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.
Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.
Step 2: Deposit funds into your account
Many cryptocurrency exchanges will allow you to purchase Dogelon Mars (ELON) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.
Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.
Step 3: Buy Dogelon Mars (ELON)
This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Dogelon Mars (ELON) or Dogelon Mars (ELON) trading pairs. Look for the section that will allow you to buy Dogelon Mars (ELON), and enter the amount of the cryptocurrency that you want to spend for Dogelon Mars (ELON) or the amount of fiat currency that you want to spend towards buying Dogelon Mars (ELON). The exchange will then calculate the equivalent amount of Dogelon Mars (ELON) based on the current market rate.
Note: Make sure to always double-check your transaction details, such as the amount of Dogelon Mars (ELON) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.
Alternative ways to buy Dogelon Mars (ELON)
Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:
Fees (Maker/Taker) 0.075%*-0.1%*
Available for Trade 500+
10% reduced trading fees*
Europe, Asia, Oceania, Africa
Fees (Maker/Taker) 1.49%*-3.99%*
Available for Trade 75+
$10 sign-up bonus*
North America, South America, Europe, Asia, Oceania, Africa
For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out.
What Is Dogelon Mars (ELON)?
In the year 2420 a young Dogelon Mars was born onto the beautiful red sands of Mars where he would live peacefully alongside his family. Together they worked hard to develop their expanding colony into a hub of technology that would bring prosperity to all life across the galaxy. This development continued until the dreaded arrival of the Annihilators who would chase young Dogelon Mars backwards through time and space where he would find refuge on planet Earth and begin a new journey.
Dogelon knew that in order to assist in the technological evolution of mankind, he would first need to establish an intergalactic currency, one that could be used by all peoples and civilizations and that could integrate with the space age technology of the coming era. Then, with the friends he’s made along the way, he would seek to recolonize Mars to transform it into the hub of prosperity that it was always meant to be. As his journey across the universe was set to begin he would leave the people of Earth with a final transmission:
“I am Dogelon. Dogelon Mars. Join me and together we will reach the stars.”
Dogelon Mars is a project built on the Ethereum blockchain using the ERC-20 token standard. This means it uses the Ethereum blockchain for security but can also create its own unique features within the token.
One of these features is its tokenomics. 50% of the initial supply was gifted to Ethereum creator, Vitalik Buterin. The other 50% was locked into the Uniswap liquidity pool. The token was listed on April 22, 2021 through an initial DEX offering (IDO).
Much of the 100,000% ELON price increase can be attributed to the community of investors. The project uses Twitter and Telegram to reach an audience of nearly 250,000 and encourage more investors to buy. The community is very strong and offers tireless support for the token.
The project claims to be a fork of Dogecoin, though there is very little evidence to support this claim. It has a much higher maximum supply and operates very differently than DOGE.
The founder of the project also claims to be named Elon, though the founder is anonymous and no one can verify this information. They may be hoping to attract more investors by suggesting that Elon Musk is behind the token. However, it is extremely unlikely that the actual Elon Musk has anything to do with the project.
Dogelon Mars Tokenomics
50% of token supply burned to Vitalik as a gesture of peace.
Following the path of the Shiba Inu, half of the Dogelon (ELON) token supply was immediately burned to Vitalik Buterin, to ensure a fair distribution from the very start.
50% of token supply permanently locked in Uniswap liquidity pool.
Half of the token supply was immediately added to the Uniswap ELON and ETH pair then locked forever. This ensures there is no way to remove any starting liquidity from the Uniswap pool therefore removing any possibility of initial liquidity drawdown by the devs.
Dogelon Mars Roadmap
The use of Dogelon Mars is expanding outside the cryptoverse. The Dogelon Mars project will be featured on the #68 NASCAR driving in Phoenix, Arizona, on November 6.
Joining forces with the Methuselah Foundation, a non-profit medical charity focused on extending the human lifespan, Dogelon Mars has unveiled its plans for the future. In the coming weeks, Dogelon Mars will be jumping into the DeFi and NFT ecosystems.
According to the announcement, in the coming weeks, Dogelon Mars will launch the xELON token, marking the beginning of its journey across the DeFi cosmos. xELON will serve as the interplanetary currency within the Dogelon Mars ecosystem, giving the ELON token utility in several ways.
While there is no specific date for the launch of xELON, the development team has announced that ELON holders will soon be able to stake their ELON tokens to receive xELON.
In addition, the xELON token will allow holders to participate in the various components of the Dogelon Mars ecosystem as it expands through 2021 into 2022 and beyond. As the launch of xELON draws close, the project has unveiled the Dogelon Mars NFT collection.
Official website: https://dogelonmars.com/
Best cryptocurrency wallet for dogelon mars (elon)
There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.
HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for dogelon mars (elon)?
Deciding which type of wallet to use depends on a variety of factors, including:
- How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades.
- What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
- Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
- How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
- What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.
For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.
Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).
Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).
Coinmarketcap will be your cryptocurrency go-to for just about everything. Here you can see the following: