Dogelon Mars is one coin that took the crypto market by storm. Dogelon Mars is a new cryptocurrency contributing massively to the crypto world, but a common question is how to buy Dogelon Mars from cryptocurrency exchanges.
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• Dogelon Mars Price Prediction: Is Dogelon Mars A Good Investment?
Today, the live Dogelon Mars price is $6.97, with a 24-hour trading volume of $5,084,753. Dogelon Mars has been down 3.20% in the last 24 hours. The current CoinMarketCap ranking is #141, with a live market cap of $384,413,870. It has a circulating supply of 551,892,583,575,566 ELON coins and a max. supply of 1,000,000,000,000,000 ELON coins.
What is Dogelon Mars?
Source: Google
Dogelon Mars is a cryptocurrency based on Ethereum blockchain using the ERC-20 token standard. This means that it uses Ethereum blockchain for security but can create its unique features. The Ethereum blockchain/network secures the most fungible tokens on its network using the ERC-721 token standard.
Dogelon Mars token is known as ELON. However, 50% of ELON was gifted to Ethereum blockchain creator Vitalik Buterin. The other 50% was locked in the Uniswap liquidity pool. ELON was listed on the 22nd of April, 2021, through an initial DEX offering (IDO).
The Dogelon Mars project aims to create an “intergalactic currency.” Even though the Dogelon Mars ELON network promises significant developments, such as being an interplanetary currency, the company has yet to develop a viable product to make Dogelon Mars a viable currency. Because fees on the Ethereum blockchain network are high, crypto investors would need to spend more money to send the token to another wallet, making it a poor choice for an interplanetary payment system.
Dogelon Mars is a fork of Dogecoin, although there is very little evidence to support this claim. However, the ELON token has a much higher maximum supply than DOGE, making the tokenless scarce.
The project’s founder claims to be named Elon, though the founder is anonymous and no one can verify this information. They may be hoping to attract more investors suggesting that Elon Musk is the name behind the token. Nonetheless, Elon Musk might likely have nothing to do with this project.
How to buy Dogelon Mars on Decentralized Exchanges
Buying Dogelon Mars on any decentralized cryptocurrency exchange is preferred by many, even though it is more complicated than on centralized exchanges. To purchase the Dogelon Mars token, here are some steps you need to follow.
Step 1: Install MetaMask
Source: Google
Before buying Elon tokens through a decentralized exchange, you first need to install MetaMask. After installing the MetaMask wallet browser extension, you must create a wallet or import one using a recovery phrase.
Step 2: Fund your MetaMask
Source: Google
Once you install your MetaMask, you need to fund it with Ethereum tokens. To do this, you need to own some Ethereum. The best way to purchase is through a centralized exchange, and we will use Binance, but Ethereum can be bought in nearly every exchange.
First and foremost, you need to open a Binance account and verify it. Once that is done, fund it with USD or EUR and use them to purchase the amount of Ethereum that you need. Now, withdraw your ETH tokens to your Metamask using the MetaMask Ethereum address that you can find at the top tab in the Metamask wallet.
Remember always to keep the excess amount of Ethereum in your wallet to pay for the Gas Fees required to move your Ethereum tokens.
Step 3: Connect MetaMask to Uniswap
Source: Google
It is time to connect your Metamask to Uniswap after purchasing your Ethereum tokens. In this guide, we will use Uniswap. Go to Uniswap and connect your Metamask wallet, and you are ready to swap.
Step 4: Swap ETH for ELON
Source: Google
After you have connected your Metamask wallet, you are all set up to swap your Ethereum for Dogelon Mars tokens. To undergo this trade, you can either use Uniswap V3 or V2. Depending on the traffic. However, one of these will provide a swap with a lower fee than the other, so check that.
Furthermore, enter the amount of Ethereum that you want to swap for Dogelon Mars and then click on “Swap.”
How to buy Dogelon Mars through Centralized Exchanges
Centralized exchanges have been superior to decentralized Exchanges because they are regulated and have the trust of the masses. Hence, buying Dogelon Mars on a centralized exchange is relatively safe. There are many centralized exchanges out there, but for this guide, we will use Poloniex for this example.
Step 1: Create an exchange account
The first thing you need is to open a Poloniex account. However, opening an account there is relatively easy compared to other centralized exchanges since Poloniex is not too strict regarding verification.
Step 2: Fund your account
You will need to fund your account on a Poloniex account with fiat currency. Different exchanges have their payment methods. When it comes to Poloniex, the main ways to support your account are through a Visa or Mastercard debit/credit card. You can also use the Apple Pay payment method on Poloniex. Just enter the number of dollars you will spend, and then select USDT Tether (USDT) as the cryptocurrency you want to buy, since it is the only cryptocurrency with a pair with ELON, and then click “Buy Now.”
Step 3: Buy ELON
The next step is to purchase Dogelon Mars tokens. All you have to do is look for the ELON/USDT pair. Furthermore, write the amount of ELON tokens you want to buy, then click on “BUY.”
Storing your ELON safely in Hardware Wallets
If you plan to keep ELON tokens for a long time, you must explore ways to keep them safe. Although centralized and decentralized exchanges are secure, there have been cases of hacking overtime. The safest way to store tokens and keep them safe is by putting them in a cold wallet where the wallet would have access to the blockchain when you send out funds, reducing the chances of hacking incidents.
A paper wallet is a type of free cold wallet, and it is an offline generated pair of public and private addresses, and you will have to have it written somewhere safe. However, it is not durable and is susceptible to different hazards.
A hardware crypto wallet is a better option than cold wallets. However, they are usually in USB-enabled devices that store the critical information of your hardware wallet. They are built with top-notch security, and their firmware is constantly maintained by their manufacturers and thus extremely safe. It is essential to know that Ledger Nano S and Ledger Nano X are the most popular options in this category. These crypto wallets are a good investment if you intend to hold your ELON tokens long-term.
Dogelon Mars Elon Roadmap
Dogelon Mars Is expanding in the crypto space. However, the project will be featured on the #68 NASCAR driving in Phoenix, Arizona, on the 6th of November, 2022.
Last year, Dogelon Mars partnered with the Methuselah Foundation, a non-profit medical charity focused on extending the human lifespan. The cryptocurrency is also exploring the DeFi and NFT space.
According to a recent announcement, Dogelon Mars wants to launch the xELON token, marking the beginning of its journey across the DeFi cosmos. xELON will serve as the interplanetary currency within the Dogelon Mars ecosystem, giving the ELON token utility. There is no specific date for the launch of xELON, but the development team has announced that ELON holders would be able to stake their ELON tokens to get xELON.
Additionally, holders of xELON would be able to participate in various ways of the Dogelon Mars ecosystem as it expands from 2022 and beyond.
Conclusion
The crypto market has been prone to many hacks, scams, and speculations. Unlike other meme cryptocurrencies, Dogelon Mars has proven itself in the crypto space. Today, it is possible to buy Dogelon Mars through centralized and decentralized exchanges. If you want to buy Dogelon Mars, we advise you to use either Poloniex, HotBit, or Gate.io. When you want a decentralized exchange, Uniswap is a good choice. Always do your research before you decide to invest in any cryptocurrency.
FAQs about Dogelon Mars
Can you buy Dogelon on Coinbase?
Yes, you can buy Dogelon Mars on Coinbase. However, if you’re using the Coinbase Wallet extension, tap the “Convert” button. Search for Dogelon Mars and input the amount of ETH you’d like to exchange for Dogelon Mars. Remember to leave enough for transaction fees. Confirm your purchase and follow the instructions on the screen to finalize.
Can you buy Dogelon Mars on Crypto.com?
Today, you can buy Dogelon Mars in more than 15 cryptocurrency exchanges. The list of exchanges that support Dogelon Mars includes KuCoin, Poloniex, Uniswap, Gate.io, OKEx, Crypto.com, LBank, ShibaSwap, BitForex, BitMart, HotBit, ZT Exchange, and AOFEX
Can I buy Dogelon Mars on Binance?
Binance does not offer to trade the ELON Coin. However, you can open WazirX and Binance Accounts and transfer your Crypto to OKEx or KuCoin Wallet. Then follow the above steps to buy and sell Dogelon Coin. Open OKEX Trading Account to buy ELON Coin with USDT –
Is Dogelon a good investment?
Is Dogelon Mars a good investment? Unlike established cryptocurrencies, there is no particular trading benefit or product being offered by Dogelon Mars, which makes it less than a good investment. On top of that, Dogelon is a high-risk investment as the currency’s price has fluctuated over the last three months.
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