How to Buy Dogelon Mars (ELON) Right Now • Benzinga

Want to skip straight to the answer? You can buy Dogelon Mars on Uniswap with Ethereum from eToro!

Whoever said it was hard to become a millionaire clearly never made their own dog-themed cryptocurrency. Seemingly every cryptocurrency with references to Elon Musk or Dogecoin has appreciated in value, and cryptocurrencies like Dogelon, DOGE, Shiba Inu and Akita Inu have well surpassed billion dollar market capitalizations. 

While these tokens can provide radical returns to early investors, the price action is purely speculation. These tokens haven’t released any viable products, and more established cryptocurrencies should outcompete these meme cryptos in the long run.

What is Dogelon Mars?

Dogelon Mars is a cryptocurrency based on Ethereum’s blockchain using the ERC-20 token standard. The ERC-20 token standard is used by most fungible tokens on Ethereum’s network, including Uniswap, Chainlink and Aave. Ethereum’s network also secures the vast majority of non-fungible tokens on its network, using the ERC-721 token standard.

Although Dogelon Mars’ website promises radical developments, such as being the interplanetary currency, the company has yet to develop a viable product to make Dogelon into a viable currency. Because Ethereum transaction fees are so high, investors would need to spend several dollars just to send the token to another wallet, making it a poor choice for an interplanetary payment system. 

According to Dogelon Mars’ website, Dogelon is a fork of Dogecoin. However, the token has a much larger maximum supply than DOGE, making the asset less scarce. The website also has an open letter from “Elon” which states the plans for the cryptocurrency.

In the FAQ section of its website, the founder confirms his name is really Elon. However, he doesn’t confirm he is Elon Musk, and it’s extremely unlikely that Musk would create a cryptocurrency without announcing it to the public. This is just one of the many ways Dogelon Mars misleads investors into buying its tokens.

Brief History of Dogelon Mars

Dogelon Mars began trading on Uniswap on April 22, 2021. The token began trading hands at around $0.000000002, and it quickly appreciated to about $0.00000208. In percentage terms, investors who bought Dogelon on April 22 have seen a return of roughly 100,000%. 

The tokens were released via an initial DEX offering (IDO). DEXs are decentralized exchanges, meaning they use blockchain technology to power the exchange, rather than a centralized entity like Coinbase or Robinhood. The initial maximum supply is 1 quadrillion tokens, so don’t expect the cryptocurrency to reach anywhere near $1 any time soon. 

Similar to Shiba Inu, Dogelon Mars sent half its supply (500 trillion tokens) to Ethereum founder Vitalik Buterin. While it’s unlikely Buterin will ever sell his Dogelon, this still presents risk for the coin. If Vitalik Buterin were to sell his position, the asset would drop in price radically.

The other half of the tokens were sent to Uniswap’s DEX to provide liquidity for traders. This way, the market can decide the price of Dogelon Mars without any influence from the team itself. However, with the price of the token appreciating so quickly, it’s likely that early investors could manipulate the price if they own large enough positions.

Step 1: Open an online account.

The most accessible place to buy Dogelon Mars tokens is Uniswap. To use Uniswap, you’ll need Ethereum tokens and an Ethereum wallet that can connect to Uniswap’s website. If you don’t have a cryptocurrency account to buy Ethereum on, you should consider Coinbase, WeBull and Gemini. Alternatively, you can purchase Dogelon Mars directly from Crypto.com.

Creating an account with these platforms is easy. Simply provide an email address and set a password, and you’ll have a cryptocurrency exchange account. If you’re based in the United States, you’ll need to provide additional information such as your Social Security number, driver’s license and home address. This is because of the U.S. Securities and Exchange Commision (SEC) Know Your Consumer (KYC) regulations, which require exchanges to provide investor information to regulators.


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Disclosure: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

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Step 2: Buy or download a wallet. 

In order to use Uniswap, you’ll need a software wallet for Ethereum. The best wallet to use with Uniswap is Metamask because it has a Google Chrome extension feature that makes it easy to interact with decentralized Finance (DeFi) programs.

If you want to store your cryptocurrency in the safest possible way, you should consider purchasing a hardware wallet. Hardware wallets are physical devices that store cryptocurrency offline, making it inaccessible to hackers.