Dogelon Mars pronounces its inaugural NYC Chess Invitational on January 19. The occasion will happen on the Chess Discussion board in New York Metropolis, a venue identified for its wealthy historical past, frequented by iconic figures comparable to Bobby Fischer and Stanley Kubrick.
With a modest $20 entry charge, individuals will compete for a share of hundreds of {dollars} in prizes.
Refer to the official tweet by ELON:
♟ï¸Dogelon Mars NYC Chess Invitational♟ï¸
🗓ï¸January 19th @ 11:30 EST
📍Chess Discussion board in NYC
We’re honored to host our first ever chess invitational in an area frequented by the likes of Bobby Fischer & Stanley Kubrick
Join under â¬‡ï¸ pic.twitter.com/L2WdV7NkJw
ELON Info
Dogelon Mars, denoted by the token ELON, is a canine-themed meme coin operating on the Ethereum and Polygon networks. This digital asset, inspired by the success of similar tokens like Dogecoin and Shiba Inu, combines popular aspects of the meme coin market, including references to Elon Musk and prospects of high price potential.
The coin operates on a playful narrative of Dogelon, a character that adds a distinctive allure to the project, with the story suggesting the coin’s potential “to reach Mars”, signifying a high price valuation. In practical terms, ELON serves as a meme coin that, while having limited utility, can be bought and stored in wallets like Metamask. The token’s value is expected to fluctuate based on the overall cryptocurrency market trends and the risk appetite for meme coins.
With a total supply of 1 quadrillion, ELON’s distribution is unique. Half of all tokens were sent to Ethereum founder Vitalik Buterin to burn and effectively reduce their circulation. The rest of the supply remains locked in the liquidity pool. Dogelon Mars’ security is rooted in its status as an ERC-20 token on Ethereum and Polygon, two of the most popular and secure blockchains. Ethereum employs a PoS (Proof-of-Stake) consensus mechanism requiring validators to stake Ether to process transactions and secure the network, while Polygon acts as a scalability solution for Ethereum, allowing for greater transaction throughput and eliminating gas wars.
