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What is Dogelon Mars Coin? – A Detailed Explanation of The First “Interplanetary Cryptocurrency”

What is Dogelon Mars Coin? - A Detailed Explanation of The First "Interplanetary Cryptocurrency"

Blockchain technology is literally doing wonders. Because this type of technology is so practical, every industry is looking for ways to implement it in their structure. This is mainly to improve their safety and efficiency. Today, we have companies that rely solely on blockchain technology for operating in their fields. For example, we have the Helium company that provides decentralized wireless infrastructure. They do this by using their own blockchain known as the Helium Blockchain.

However, let’s get back to the first days of the cryptocurrency market. The first-ever cryptocurrency was Bitcoin. The main goal of this cryptocurrency was to become the first decentralized medium of payment and overcome the issues of the traditional global financial system. Until today, the idea and the plans of such cryptocurrencies have convinced millions of people, with most of them investing in this technology as a result. 

There are thousands of cryptocurrencies and tokens that use the same logic as Bitcoin. They keep things simple and want to be used as a medium of exchange. Some of these cryptocurrencies are that have been around for years now are Dogecoin and Bitcoin Cash. Today, we have thousands of tokens that aim to do the same thing – and one of them is Dogelon Mars Coin.

What is Dogelon Mars Coin?

Dogelon Mars was launched earlier in 2021, making it one of the youngest cryptocurrencies in existence. Similar to Shiba Inu, Dogelon Mars operates in the Ethereum blockchain. This makes it an ERC-20 token. Furthermore, its tokenomics are nearly identical to those of Shiba Inu. Their total supply was initially 1 quadrillion; while today it is around 555 trillion. The main Dogelon Mars competitors are Akita Inu, Floki Inu, and of course the two legendary meme-coins, Dogecoin and Shiba Inu.

Immediately after its launch, the team of Dogelon Mars gifted half of its supply to Vitalik Buterin. Another portion of tokens was permanently locked in Uniswap for providing liquidity and enabling smooth transactions. 

Dogelon Mars’s backstory makes it unique. Since meme-coins are all about fun, the team of Dogelon Mars provided their community with a story about a character called Dogelon Mars. According to them, Dogelon Mars was sent back in time and landed on today’s Earth. There, he presumably began his mission to change the universe for good. To add to this, they aim to make ELON the first interplanetary cryptocurrency and honor the name of Dogelon Mars.

What is Dogelon Mars Coin? - A Detailed Explanation of The First "Interplanetary Cryptocurrency"
Dogelon Mars Comic. Source: Dogelon Mars

To comply with its name, the logo of Dogelon Mars is also very creative. This cryptocurrency has a Shiba Inu version of Elon Musk as their logo. This is one more additional incentive for people to invest in Dogelon Mars. People know that Elon Musk has influence over the market and using him as a reference is very creative. At the time of writing, the best exchanges to buy Dogelon Mars are Poloniex, Uniswap, Crypto.com, and KuCoin.

Also Read: Dogelon Mars (ELON) Price Prediction 2022 and Beyond – Can ELON Eventually Hit $1?

Takeaways

  • Today, blockchain technology affects numerous other industries. While some directly influence these industries, others do so indirectly.
  • Dogelon Mars uses Ethereum’s technology to operate. Moreover, it is an ERC-20 token.
  • This token aims to become the first interplanetary cryptocurrency.
  • Just recently, Dogelon Mars got the #100 for being one of the biggest cryptocurrencies regarding market capitalization.
  • Dogelon Mars is not that different from Shiba Inu. Nevertheless, Dogelon Mars has a low market capitalization and has more room to grow when compared to SHIB.

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