What is Dogelon Mars (ELON)?

Discover the key facts about Dogelon Mars (ELON).

About Dogelon Mars (ELON)

ELON (aka Dogelon Mars) is a doge-themed token project.

ELON (aka Dogelon Mars) is a doge-themed token project that aims to replicate the success of Dogecoin (DOGE) while referencing Elon Musk’s vision to colonize Mars. The founders of Dogelon Mars locked 50% of all the ELON liquidity in a Uniswap liquidity pool. The other half was donated to Vitalik Buterin, co-founder of Ethereum, who then sent the donated ELON to various DAOs and foundations. Current token holders have either purchased the asset on a decentralized exchange (DEX) or received them as a donation from Vitalik Buterin. The coin has a max supply of 1 quadrillion (1,000,000,000,000,000).

Suggested further reading:

Why Donate ELON?

Since ELON has appreciated significantly, donating ELON and other cryptocurrencies can save you money on your taxes. Because the IRS classifies cryptocurrency as property, this means you don’t have to pay capital gains tax on your donation and can deduct the amount on your tax return. This is why financial advisors recommend you donate your most highly appreciated assets first. Users who donate and enter their email address will automatically get a compliant tax receipt.

Don’t want your ELON stack to decrease? Repurchase the same amount of ELON afterward and still get the same tax benefits to offset some (or all) of your gains.

Donation Donation Form | The Giving Block Learn About Cryptocurrency New to cryptocurrency? Get immersed in all things crypto and crypto philanthropy. Learn about accepting crypto donations and crypto taxes. Read more
Donation Donation Form | The Giving Block Crypto Glossary for Nonprofits and Donors: 60+ Terms Explained We’ve put together a glossary of the most popular, essential, and amusing jargon, terms, shorthands, and slang. Read more
What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more