An altcoin competing against Dogecoin (DOGE) and Shiba Inu (SHIB) surged 119% in one week as meme token mania raged across the crypto space.
The Dogelon Mars Project (ELON) is a meme coin inspired by Dogecoin and looks like it is derivative One of Elon Musk’s ambitions to bring humans to Mars.
When the token first dropped, 50% of the supply was airdropped to Ethereum founder Vitalik Buterin. Within two months of launching the token, Buterin donated his entire ELON pool to the Methuselah Foundation, a non-profit medical charity for longevity and longevity research.
Yesterday, a project update from Team Dogelon Mars subscriber The next stage of development will bring decentralized finance (DeFi) and betting capabilities to ELON.
“Dogelon Mars is entering the next phase of development, building DeFi and seizing opportunities with a new decade. At this very moment, construction is underway as community leaders introduce DeFi and a new token for the ecosystem.”
In addition to the staking upgrade, the team is introducing the XELON governance token, which will be used to vote on initiatives, coordinate protocol decisions, distribute grants from the treasury, and more. XELON can be obtained by participating in the ELON staking program.
Following news of ELON’s listing on OKEx And Crypto.com, linked to the latest betting announcement, ELON revolted by 119%, taking its market value from $426 million to $939 million, according to Queen Gekko.
ELON is currently exchanging hands at $0.0000017, up 5.8% in the last 24 hours.
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