Dogelon Mars (ELON) coin issuance time

Vitalik Buterin's unexpected donation of half his Dogelon Mars (ELON) holdings to the Methuselah Foundation for anti-aging research sparked both intrigue and questions about the cryptocurrency's distribution.

Dec 19, 2024 at 09:38 pm

Key Points

• Dogelon Mars (ELON) was launched on April 23, 2021
• The initial supply was 500 quadrillion ELON
• Half of the supply was sent to Vitalik Buterin, co-founder of Ethereum
• Buterin donated 50% of his ELON holdings to the Methuselah Foundation, an anti-aging research organization

Introduction

Dogelon Mars (ELON) is a meme cryptocurrency named after the popular Dogecoin and the planet Mars. It was launched on April 23, 2021, and quickly gained popularity among cryptocurrency enthusiasts.

Launch and Initial Supply

The initial supply of ELON was 500 quadrillion tokens. Upon launch, half of the supply (250 quadrillion ELON) was sent to Vitalik Buterin, co-founder of Ethereum. Buterin's receipt of such a large amount of ELON was initially met with skepticism, but he later clarified that he did not endorse the project and promised to donate the tokens to charity.

Donation to the Methuselah Foundation

On May 12, 2021, Buterin announced that he had donated 50% of his ELON holdings (125 quadrillion ELON) to the Methuselah Foundation. The foundation, co-founded by David Sinclair, is a non-profit organization dedicated to promoting research into anti-aging and longevity.

Circulating Supply

The remaining 250 quadrillion ELON tokens are in circulation and are available for trading on various cryptocurrency exchanges. The circulating supply of ELON has decreased over time due to coin burns and liquidity pools.

Tokenomics

ELON has a simple tokenomics structure:

• Total supply: 500 quadrillion tokens
• Circulating supply: Approximately 250 quadrillion tokens

• Token distribution:

  • 50% to Vitalik Buterin (donated to the Methuselah Foundation)
  • 50% for circulation

Blockchain

ELON runs on the Polygon blockchain, a popular Ethereum scaling solution. Polygon offers fast transaction speeds and low gas fees, making it suitable for meme cryptocurrencies like ELON.

FAQs

• When was Dogelon Mars (ELON) launched?

  • April 23, 2021

• What was the initial supply of ELON?

  • 500 quadrillion tokens

• Why did Vitalik Buterin receive 50% of the initial supply of ELON?

  • The reason for this is still unclear

• What percentage of his ELON holdings did Buterin donate to charity?

  • 50%

• What organization did Buterin donate his ELON holdings to?

  • The Methuselah Foundation

• What is the current circulating supply of ELON?

  • Approximately 250 quadrillion tokens

• What blockchain does ELON run on?

  • Polygon

• What is the purpose of the Methuselah Foundation?

  • To promote research into anti-aging and longevity

• Is ELON a good investment?

  • The value of cryptocurrencies is highly volatile, and making investment decisions based on hype or sudden market movements is not