$ELONFROG20, a meme token with claims linked to Elon Musk, aims to captivate the crypto world, blending trendiness with investor engagement.
1. What is Elonfrog 20 Token ?
ELONFROG 20 is a cryptocurrency token that positions itself within the meme token trend, with claims of being related to Elon Musk’s pioneering ventures. It aligns itself among other popular meme tokens like Doge Coin, Shiba Inu, and Milady Token.
A Critical Overview:
- Pioneering Claim: ELONFROG 20 unabashedly ties itself to Elon Musk, representing an amalgamation of trend and meme, but the claim seems to lack substantive grounding. The association raises skepticism, as the connection to Elon Musk’s projects is only titular and does not present any innovative or pioneering technology or philosophy inherent to Musk’s ventures.
- Tokenomics: The total supply is abundant, suggesting possible value dilution. While a 5% tax on transactions is a standard practice to incentivize holding, it’s crucial for potential investors to delve deeper into its distribution and utilization: Is it allocated to liquidity, development, marketing, or redistributed among holders?
- Fairlaunch Representation: A Hard Cap of 50BNB is posited for Fairlaunch, which seems modest. However, the term ‘Fairlaunch’ is utilized extensively in the crypto sphere and can be misleading. Scrutiny is pivotal to comprehend the transparency, distribution, and allocation during launch to gauge its fairness and potential success.
- Meme Legacy: While it aligns with notable meme tokens like Doge Coin and Shiba Inu, there is no apparent uniqueness or differentiation factor. The inherent risk in meme tokens is their reliance on hype and community support, often overshadowing fundamentals. Therefore, the speculative nature and potential short-lived existence should be critically considered.
- Market Positioning: The assertion that ELONFROG 20 will trend due to its attachment to Elon Musk is a bold and ambitious proclamation, fraught with uncertainties. Without distinctive utility, innovative solutions, or a solid backing community, sustaining in the highly competitive and volatile crypto market could be challenging.
Conclusion:
ELONFROG 20 emerges as a token bathed in the limelight of memes and trends but seems to lack a solid foundation or unique proposition. The audacious claims and Elon Musk association may attract initial attention, but the longevity and real value are questionable without substantive innovation or utility. Potential investors should approach with caution, conducting thorough research and considering the speculative and volatile nature of such tokens. The buzz and allure surrounding ELONFROG 20 should be weighed against its intrinsic value and potential for sustainable growth in the complex crypto landscape.
2. Token Sales and Economics
| Presale Address | 0x151129315ae8eF7b6824090B40A99C1e61e0D9a2 |
| Token Name | ELONFROG 20 TOKEN |
| Token Symbol | $ELONFROG20 |
| Token Decimals | 18 |
| Token Address | 0x566c3Fdd76d868b252c4087A87CC002052a2158F (Do not send BNB to the token address!) |
| Total Supply | 1,000,000,000,000 $ELONFROG20 |
| Tokens For Presale | 345,000,000,000 $ELONFROG20 |
| Tokens For Liquidity | 167,152,500,000 $ELONFROG20 |
| Soft Cap | 10 BNB |
| Presale Start Time | 2023.09.27 13:00 (UTC) |
| Presale End Time | 2023.09.29 13:00 (UTC) |
| Listing On | Pancakeswap |
| Liquidity Percent | 51% |
| Liquidity Lockup Time | 120 days after pool end |
3. Roadmap and Updates
Roadmap
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