What is ELON? Detailed introduction to the trading platform and total amount of ELON coins

ELON, a decentralized crypto trading platform, empowers users with non-custodial control over their funds and seamless cross-platform compatibility.

Oct 05, 2024 at 11:48 am

What is ELON?

1. Overview

   • ELON is a decentralized trading platform based on the blockchain technology that operates on a peer-to-peer model, meaning that users can trade directly with each other without intermediaries.
   • It is primarily focused on the trading of cryptocurrencies, including Bitcoin, Ethereum, and its own native token, ELON.

2. Key Features

   • Decentralized: ELON is not owned or controlled by any central authority, giving users complete control over their funds and transactions.
   • Non-Custodial: Users hold the private keys to their crypto assets at all times, eliminating the risk of losing funds due to centralized exchange hacks.
   • Cross-Platform Compatibility: ELON can be accessed via web, mobile, and desktop applications, allowing users to trade from various devices.
   • Low Trading Fees: ELON charges competitive trading fees, offering cost-effective options for traders.

3. ELON Token

   • The native token of the ELON platform is the ELON token, an ERC-20 utility token running on the Ethereum blockchain.

   • ELON is used for a variety of purposes within the platform, including:

     • Paying trading fees
     • Staking to earn rewards
     • Voting on governance proposals

4. Total ELON Coin Supply

   • The total supply of ELON coins is capped at 1,000,000,000 ELON.
   • Of this total supply, approximately 50% is allocated to the public, 25% is reserved for the team and advisors, and 25% is held in the ELON Treasury.

5. Conclusion

   • ELON is a decentralized trading platform that offers a wide range of features to meet the needs of crypto traders.
   • Its non-custodial nature and competitive trading fees make it an attractive choice for those seeking a secure and cost-effective crypto exchange.