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The concept of a meme token is given its own unique spin by Dogelon Mars, but investing in it is still not recommended.
In spite of the fact that this cryptocurrency has amassed a sizable and active community of supporters, there are a great many reasons to be skeptical regarding it.
It is one of many crypto tokens with a Doge-based theme released in 2021. The group that is responsible for the crypto calls it a just universal currency for the people, and they have promoted it as a form of interplanetary currency that could be used by people who want to colonize space.
Dogelon Mars to USD Chart
The launch of Dogelon Mars took place on April 23, 2021. There is no information that can be found regarding the person who created the token. In addition to this, there is no white paper that elucidates the organization’s mission and objectives.
There is nothing that differentiates Dogelon Mars from other crypto tokens in terms of its practical applications. It is possible to buy it, sell it, and transfer it to crypto wallets, but the same can be said for virtually every other form of digital currency.
There are, on the other hand, a few distinct things that the developers of Dogelon Mars have implemented. They didn’t participate in a presale, and they didn’t keep any tokens for themselves because they wanted to create a currency that was fair.
Dogelon Mars is a fictional character who appears in a comic book series that is being offered for sale as non-fungible tokens (NFTs), in addition to being a cryptocurrency in its own right. It is somewhat ironic that the only way to purchase them is with Ethereum.
The Dogelon Mars cryptocurrency is an ERC-20 token that was built on the Ethereum blockchain. You can acquire it through the Uniswap exchange, where you can also trade it for other cryptocurrencies.
The vast majority of holders will simply store it in a blockchain wallet, while others may donate tokens to victims of cryptocurrency scams in order to assist the community in accomplishing its goals.
The team has revealed their intentions to further develop Dogelon Mars. Late in the year 2021, a project made an announcement stating that crypto staking would be implemented shortly through the use of a brand new $XELON governance token.
The issue with Dogelon Mars is that it never provides an answer to one straightforward and significant question, and that is: what’s the point? It is identical to every other meme token in every possible way. There are thousands of other cryptocurrencies in circulation that operate in the same way as this one does.
Because its one and only true function is to serve as a medium of exchange between worlds, there is no other practical application for it. It is not even much of a planetary currency at this point, taking into consideration the fact that it is extremely difficult to find anywhere that accepts it as a method of payment.
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What is the Methuselah Foundation?
The partnership that Dogelon Mars has formed with the Methuselah Foundation is the most significant one it has established to this point.
The foundation has made the decision to extend its support to the community on Dogelon Mars. It laid out its strategies for the cryptocurrency in a document that it called the Amicus Token Paper and published it online.
Even its own character, Methuselon Mars, drawn in the same vein as the Dogelon Mars comics, was developed as a result of this. A vascular tissue science experiment will be sent to the International Space Station (ISS) thanks to the financial support provided by the Dogelon Mars community.
This support came about as a result of the community’s partnership with the Methuselah Foundation. Because of this, it received recognition on Twitter from the ISS National Lab.