Dogelon Mars
Crypto Overview
Project Overview
Dogelon Mars (ELON) is a meme cryptocurrency launched in April 2021, inspired by Dogecoin and Elon Musk's Mars aspirations. The project positions itself as a decentralized experiment in spontaneous community building.
Intended Utility
The primary stated purpose of ELON is to serve as a community-driven cryptocurrency that combines meme culture with space exploration themes. The project documentation suggests it aims to be a medium of exchange within its community.
Actual Utility & Usage
The token primarily functions as a tradeable digital asset on various cryptocurrency exchanges. It has achieved significant trading volume and maintains an active community across social media platforms. The project has established the Methuselah Foundation as a significant token holder, which focuses on extending human lifespan through scientific research.
Token Distribution & Governance
50% of the initial token supply was sent to Vitalik Buterin (who burned most of his holdings), and the remaining 50% was added to liquidity pools on Uniswap. A significant portion was later donated to the Methuselah Foundation with a 1-year lockup period.
Development & Marketing
The project maintains basic token functionality on the Ethereum blockchain. Marketing efforts focus on community engagement through social media and meme creation. The development activity is minimal, which is consistent with its nature as a meme token.
Crypto Impact
To assign a comfort level investing in Dogelon Mars from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Dogelon Mars.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.