What makes Dogelon Mars unique?
Dogelon Mars launched on April 23, 2021. There's no information available about the founder of the token. It also doesn't have a white paper detailing its purpose or goals.In terms of utility, there's nothing that separates Dogelon Mars from other crypto tokens. You can buy it, sell it, and send it to crypto wallets, but that's the case with practically every digital currency.
There are, however, a few unique things that the Dogelon Mars developers have done. They aimed to create a fair currency, so they didn't hold a presale or keep tokens themselves.
The starting supply for the project was 1 quadrillion ELON tokens. The developers sent half of those crypto tokens to Ethereum co-founder Vitalik Buterin, copying a publicity stunt that was first done by Shiba Inu (SHIB -4.76%). Buterin donated about 43% of the ELON tokens to the Methuselah Foundation, a charity focused on extending human longevity. The foundation pledged in May 2021 not to sell any of those tokens for at least one year and to advance ELON's long-term value.
Developers deposited the other half in a liquidity pool on Uniswap (UNI -3.46%). They also deposited 40 ETH in the liquidity pool, worth about $100,000 at the time. They then burned (destroyed) the liquidity provider tokens they received so that they could neither retract the tokens nor collect any of Uniswap's liquidity rewards, which will just accrue over time.
By burning the liquidity provider tokens, the Dogelon Mars team demonstrated that they weren't going to commit a rug pull, a crypto scam where developers pump up the value of their cryptocurrency, withdraw as much as they can, and abandon the project. The Dogelon Mars founders can't do that because when they deposited their funds into the project, they burned the tokens they received for doing so.
Dogelon Mars presents itself as a project that aims to undo the damage done by crypto scammers. The Dogelon Mars community is encouraged to donate ELON tokens to victims of scams. To their credit, they often do.
