Beyond the Meme price craze, Dogelon Mars is building a governance model for Meme coins

Author: Frank, PANews

Meme currency has become the focus of much attention in this bull market. Discussions about meme coins have been primarily focused on price hype, while their creation and development seem to have little to do with true value. After a wave of hype, people began to pay attention to whether the price can continue to be converted into actual value. This may become an important issue for many Meme coins after the craze.

Dogelon Mars ($ELON) can be considered one of the early representatives of Meme coins, named after Tesla CEO Elon Musk. In 2021, the ELON token is no less popular than DOGE and SHIB at that time. As one of the first Meme coins promoted by Elon Musk, Dogelon Mars did not disappear after a wave of craze like other Meme coins. On the contrary, it has gradually embarked on a development path that integrates "science fiction and realism" with the consensus of the community.

In the name of AI, building a new story to Mars

Like SHIB, Dogelon Mars initially became famous for giving away 50% of the tokens to Vitalik Buterin, and then Vitalik Buterin donated 43% of the total $ELON to the Methuselah Foundation to support extending healthy human lifespan. The Methuselah Foundation subsequently announced that it would manage these holdings to maximize the long-term value of $ELON and maintain active engagement with the community in the long term. Perhaps under the influence of an organization with a grand vision like the Methuselah Foundation, the Dogelon Mars community earlier broke away from the pursuit of price hype. Centering around a science fiction story about getting to Mars, the community began to gradually establish its own roadmap.

In this story, Dogelon Mars was born on the beautiful red beaches of Mars in 2420 and lived with his family. Through his efforts along with his friends and family, the thriving colony has become a technological powerhouse capable of benefiting all species throughout the universe.

AI plays a key role in the Dogelon Mars ecosystem. In September 2023, Dogelon Mars launched ai.dogelonmars, a creation platform that combines AI and NFT technology. Users can use the platform to enter prompt words, quickly and freely create NFT materials that fit their personal imagination, and have the option to decide whether to perform Mint operations.

To date, more than 2,000,000 Dogelon images have been created by users using artificial intelligence tools. These images provide rich story background and elements for Dogelon Mars' comic themes and related product development. It has gradually become one of the important ways to build the Dogelon Mars parallel universe.

According to reports, an "advanced" mode of AI is planned to launch at some point in April. At the same time, the Solana chain is gradually becoming the main arena for Meme coins. The Dogelon Mars team is also working hard to advance the development of advanced AI models for Solana NFTs.

Using Layer 2 and Solana as the outlet, the expansion layout of liquidity and ecology

For many Meme coins established on the Ethereum network in the early days, how to maintain the activity of on-chain transactions in the long term is a big problem. As the magnitude of price fluctuations is no longer significant, the high cost of the Ethereum main chain has become an important factor hindering the expansion of the community.

In June 2023, the Dogelon Mars community proposed a new plan. Establish a community-specific Layer 2 (L2) chain Rufus Chain. Powered by Arbitrum Nitro technology and operated by Dogelon DAO, Rufus Chain is committed to improving the accessibility of the ecosystem while paving the way for future L2 projects. The plan was finally passed with an almost unanimous YES vote, and construction work began in full swing. The Rufus test network will be officially launched on December 31, 2023. 100% of transaction fees generated on the Rufus platform will be used to purchase and subsequently destroy Dogelon Mars (ELON) tokens. The goal is to reduce the circulating supply of ELON and increase the value of the token for existing holders.

In addition to seeking to build an ecosystem on Layer 2, Dogelon Mars has not missed the opportunity to expand its influence on Solana. In December 2023, multiple Meme coins began to achieve great success on Solana. The Dogelon Mars community quickly launched a cross-chain bridge product for the Solana chain, allowing users to freely cross-chain ELON tokens to the Solana chain. At the same time, a series of staking reward activities were launched. On December 25, 2023, Orca cooperated with Dogelon Mars to launch an airdrop plan, and launched the first Dogelon Mars NFT issued on Solana for early cross-chain members. The issuance event was completed by all Mint within 2 hours.

In addition, Dogelon Mars has also partnered with Frax Finance to introduce an ETH staking web3 application into the ecosystem.

Becoming the real “Mars Coin”

After building a content platform that combines AI and NFT and an ecosystem of its own Layer 2 network, the focus of the Dogelon Mars community is still to continue to expand the ecosystem impact on the road. Meme coins seem to no longer be a label for Dogelon Mars.

Currently, the ecosystem has covered multiple tracks such as Layer 2, NFT, chain games, Solana, AI, etc., and the layout of each track also has a mutually coordinated integration logic. Among them, the Layer 2 network serves as the technical foundation in the ecosystem, NFT serves as an important content generation platform for the Dogelon Mars metaverse, and Solana and chain games play a key role in improving liquidity and expanding influence. How to provide Meme coins with a value beyond hype, Dogelon Mars may provide a possibility, that is, gradually turning the initial seemingly arbitrary goal into a reality under the power of consensus. This may be an important reason for users who were initially attracted by price fluctuations to retain and participate in the construction of the crypto community.

When a user asked in the community why the Rufus network was launched, another user replied: "When we create a real world in the Rufus ecosystem value, and businesses and applications thrive on it, $ELON will naturally become a multi-faceted currency. It becomes a store of value, a means of exchange, and a driver of digital innovation. Who knows, one day It might even become a real Mars coin!"

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