Elon Doge is a decentralized platform powered by blockchain technology and meme token EDOGE as the native token. Meme tokens are cryptocurrencies inspired by memes or jokes on the internet. The project is mainly said to be a project for people fascinated about planet Mars and making it a backup planet for humankind. In addition, Elon Doge is a mix of all cryptocurrency components like decentralized finance (DeFi), play-to-earn gaming model, NFTs, yield farming, etc.

As per the whitepaper, the entire Elon Doge ecosystem is a collection of various DeFi and NFT applications created for the different needs of the users. The details are as follows:

A 10% transaction tax is deducted on each transaction on the platform, out of which 5% is redistributed among the token holders as a reward for holding EDOGE, and the other 5% adds liquidity to the platform.

Elon Caption is the name of the founder of Elon Doge. Elon Caption is a software developer fascinated by the power of memes. Therefore, he created a project that aims to harness the power of memes.

EDOGE token had a fair launch, and there were no tokens reserved for influencers, traders, or the team. The maximum total supply of EDOGE tokens is one quadrillion tokens.