Bitcoin Forum

There have been controversies and arguments on how Elon musk has been a great influence in the crypto market. How his influence has been making waves to promote other altcoin like Dogecoin and Shiba Inu and some other coin unknown to me. I now start thinking that if his influence can skyrocket other coins. What more of his own coin. People has been asking about the best altcoin to buy or hold and nobody ever thought of eloncoin, So there comes to the thought that eloncoin will be massive when it lunches. So it's time to accumulate eloncoin. His name alone has given it a massive boom.

I have tried to check it's total supply and exchanges which it could be operated, but I haven't seen. it's just a unique coin just as Elon musk always like his things to be. So I see it as one of the most important altcoin to hold because it future will be bright.

What do you guys think about eloncoin?

IT'S NOT HIS OWN COIN but a fan-inspired crypto after Elon. Read what the FAQ in your site says.

It's amazing how you shill something you don't really know much about.

If this is not in any way related to Elon himself and just using his name then I only see this as another pump and dump. Another desperate attempt to fool the gullible newbies who would FOMO in the market because of the upcoming bullrun.

Also for further reading,
Elon Musk Distances Himself From Cryptocurrency, Says His Companies Will Never 'Create A Crypto Token'
https://www.ibtimes.com/elon-musk-distances-cryptocurrency-says-his-companies-will-never-create-crypto-token-3717580

You are right Elon Musk's influence in the crypto market is heavy. His tweets and public statements had a significant impact on the prices and popularity of certain altcoins like Dogecoin and Shiba Inu.
The coin which you have mentioned (eloncoin) itis important to note that now, there is no official cryptocurrency called eloncoin associated with Elon Musk. Because Elon has mentioned that his company will never create a token.
But he has a big mind and he can do anything at anytime.

Elon said that he wouldn't make any coins or tokens. So it's just a coin by fans, Elon has nothing to do with it. So I don't really think it's worth our attention.

I don't see it becoming the next dogecoin. It would have been better for adoption if it had been a token on Binance Smart Chain, Tron, or Polygon. According to its announcement thread there are a few low volume exchanges where it is supported. That is something positive at least but if it was a BSC token it could've already been listed on some really popular DEXs with much better liquidity. Maybe it can be useful as a really cheap gambling coin if Lightlord decides to add it to one of his casinos.

With all due respect to you OP and all those who are wearing the signature, to CryptopreneurBrainboss who is managing its signature campaign here, and to lightlord who is maybe in the central team of this project, I think that this is going to be massive will remain to be a difficult goal.

I'm even afraid that this project doesn't have the consent of Elon Musk whose face and name the project uses. If this project becomes big enough to catch the attention of Elon, he might take a legal step.

The only way this coin holds a chance of "making it" is by tricking other people into thinking Elon is somehow affiliated with it. He's not and he never will be.

Also, 1 wallet holds almost 50% of this coin's supply, and as this is a Proof of Stake coin, they have a massively unfair advantage when it comes to staking.

https://explorer.eloncoin.org/richlist

This coin isn't even a joke, its a shitty get-rich-quick scheme. I would say it borders on scam territory but the truth is hundreds of coins are also like this, so its been normalized as an OK thing to do.

It is true that Elon Musk is widely recognized as a successful Enterprise, and he can greatly influence the cryptocurrencies markets. A notable instance is surge in Dogecoin's price from few cents  to almost 0.7- US dollar, which is very significant ,as it has no practical use case. Now the recently created "Eloncoin" bearing his name, observers are keen to see how it performs in the market.

Agueably no doubt in what you said, Although I haven't did any findings in prio to that. but I was just thinking otherwise. No one can predict what the future holds. many people thought bitcoin would worth or amount to nothing. But today bitcoin has stand so firm to the extent of reaching an ATH of about $69k, before this current price. I know bitcoin is never a compearism to any other coin. Even if Elon musk is not aware about his name behind this project, just as you u said, I still see chances of becoming reasonable arterall who knows.

I don’t think Elon will come up with a crypto currency. The SEC will be all over his ass. There will be lots of speculation on it if he does that. People will accuse him of exit scamming Tesla for example and that will bring nothing but trouble. He may invest in btc and that’s a different story because btc is a decentralized currency but the SEC will treat Eloncoin as an unregistered security and Elon isn’t dumb enough to fall into that  trap.

While the project enjoys the publicity please don't mislead the community and do your research properly before you participate in any Signature or Bounty campaign. Eloncoin has nothing to do with Elon musk as clearly stated on the project website. Eloncoin is a memecoin and just like other memecoin, it depends on hype to succeed. Eloncoin is an altcoin and altcoins investment aren't a guarantee so don't ask anybody to Invest in them but if they find the project interesting to give it a try then they can go ahead. All altcoins are a gamble (even the popular ones because they can have the same fate as FTT or other altcoins that has seized to exist).

Memecoin are known for using popular names to create a hype around their project and this isn't the first of its kind. The project can succeed or mightn't succeed nobody knows but don't just think because I'm managing the bounty, it's a good investment option. Memecoin has become a part of the industry since the success of Dogecoin, Shiba Inu, Pepecoin and now Memecoin (just launched on Binance launchpad) and it'll stay this way for a very long time but this doesn't mean I endorse any of them. If you aren't looking to gamble don't chase after altcoins investment.

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Disclaimer: CryptopreneurBrainboss doesn't endorse any project (especially altcoins) managed by 👉 Brainboss Managerial Service 👈 [ANN - Signature & Bounty - Metaverse, GameFi, DeFi, AI, DAO, NFT...] 💻🖥️💻 (https://bitcointalk.org/index.php?topic=5124215.0) I'm not directly involved or affiliated with any of the crypto startups I manage their campaigns. Don't make investment just because you see me managing the project. What I do is to provide the best managerial service to help the project achieve their marketing aims and for the participants to get the best treatment as employees. Always carryout your due diligence before investing into any project of your desires & remember altcoins are a gamble.

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Who knows it might be an anonymous project linked to Elon Musk he might seem not to have his consent about the project but indirectly might conceal the idea just like Doge coin, I am sure someone would have call his attention to the coin, however whether he has any relationship with Elon coin or not I believe it is a project that would stand the test of time having done some research on Google about the coin even Binance had an article about Elon coin, I believe the coin would be successful in the nearest future provided it developers continue to follow the project roadmap.

You mean the crypto owned by lightlord? well we can't say anything good or bad for it yet since we don't see its performance but one thing is for sure here this is not own nor have any relation to Elon Musk and maybe they are just using its name so they can easily hype it. I also don't know the main point of creating a coin named after a famous personality since for me it really sounds shady. So you better do research first so that your first impression will get justified and since @Cryptopreneurbrainboss clarified already so for sure with that you will get enlightened for some words posted. But let see how Elon coin will perform since its to early to tell anything about it. If you want to invest go for it but make sure you know how to deal with risk and can accept that there are possibility that you can't earn with them. But who knows? It will pump and you became one of lucky early adopter who believe on their project.

Oh wowow, 50%!!! That's crazy especially for a proof of stake! That's a major red flag that you should follow your guts into not spend money on it. You had pointed out many key points to not spend money on it and I think all of this are valid since even elon hasn't recognized this or maybe not even noticed it. I started noticing this coin lately since there a bunch of members here who are wearing the signature of this eloncoin and my curiosity is being triggered but I didn't try to visit their ANN thread given that I know what am I gonna expect.

There's no way Elon is ever going to mention this coin, not once, not in a million years. You don't need to be able to predict the future to know this.

When someone asked him how many SHIB he held, he replied "zero." He has never responded to whether he holds Floki Inu or any of the other shit tokens designed to catch his attention. He will never acknowledge this. I'd be willing to bet on it.

I think the same thing about Eloncoin. I look at Eloncoin's website and social media and marketing, there is potential for this coin to rise hundreds of percent.
Yes, hopefully Eloncoin will become one of the best altcoins in 2024 like in previous years Dogecoin, Shiba Inu, Babydoge coin and others

Eloncoin will be one of those coins that should it kind of "establish" itself then it will become cyclical. If elon gets into the news with something bigger then it will pump again, then it slows down and the cycle repeats itself. Might be decent for punting some dust at it

First of all, not his own coin. Elon musk is definitely a name that can greatly influence the direction of a market but this coin isn’t from him directly so it’s hard to say what will happen next it looks like it has good returns for now what’s ideal right now is if you can get it in a low value and claim it when the value goes up there’s a good indication that it might stay for a long time but don’t get too excited and only invest what you can afford to lose

I am following this project from its inception in 2021 to date. There are many things that are concerning with the project.  The first being the owner of this project he became non active for a couple of years. The next is about the wallet as I believe it is still not open source. The last would be it's utility as being on the name of a billionaire doesn't mean that it has got any prospects for the real world.

When the project was launched if the owners had continued working on development and marketing then it would have become a the next Dogecoin as the project was created only to encash the popularity of Elon Musk. For the moment it is active and might achieve what it was ment if Elon again comes out with something unique about a project on his X.com handle otherwise the project doesn't make anything significant for the investors.

I can't really say this will be massive. This coin has not yet listed on exchange site and how can i know that how many demands got by eloncoin? This is another meme coin but im not expecting this one as big as memecoinorg which owned ny the owner of 9gag.
Nothing concrete until it will be listed on the exchange site. It's caused we will able to see how much demands acquired by this coin. It's too early to call that there will be massive hype to come for this coin.

It's caused by meme coin was always being ended as a scam.

Why are you posting bullshit then?

Elon Musk isn't associated with this Eloncoin in any way. And I understand that you might be excited about it and want to get the word out, especially if you're personally invested, but that doesn't mean you should spread misinformation. No need to get overzealous with promotion in a way that could mislead people and we ought to behave ethically and responsibly when sharing information that impacts the community.

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Recently created? Do you even know what you are promoting?

I bet you bought loads of it and this is one way to promote it so that you can exit when it's ripe.
And please don't use Bitcoin as an example of an unknown coin that suddenly boomed, like you said. That's not how things work in this era anymore. There are so many altcoins that are being created and there's proof that most of them are scammy attempts to deceive people by thinking they are made by someone so popular. This is one of them.

I remember a fan also created the Trump coin when he was still a president and he is always on the top of the news.
Others are trends that are happening in X (formerly Twitter) they use those names and inject them into what looks like a project of those who are in the trend.
These are examples of scammy attempts and their only purpose is to collect money, create some dust value, and then sell billions of the coins that are in their custody while leaving the real investors with nothing. Don't expect too much and please don't spend too much. Try it but don't fall in love with it.

some say it will end up being a scam and for those who support there will be huge hype on this memecoin.
It's all about confidence in a project, but for memecoins I don't always see this as the best. There are many memecoins that appear and end up causing a lot of losses. However, if the memecoin team is very solid and has a lot of community, it could be a good memecoin project. But always be careful and enter with a minimal amount of money. Don't be too Fomo to buy more.

Even if this is something that will boom, I am sure that this will be a hype coin as usual. Where, the newly launched project will be hyped and cause FOMO. This means that once they are listed on a certain exchange, these coins will skyrocket significantly like previous hype coins. However, will this continue to be sustainable?

If this is similar to the characteristics of previous hype coins, then I am sure that it will not last long and will not be sustainable. that is, the hype will soon run out when the price reaches a certain price point. then the price will drop as low as possible again. And after that, I wasn't sure if it would be easy to ride again. So, even if you want to buy Eloncoin later, make sure you take profits on time, and this is not a coin that will be worth it for a long term investment. But, this will be so risky because no one can ensure and guarantee that this coin will really boom.

Don't compare a lowly memecoin with Bitcoin. Bitcoin is a breakthrough while yours is just a project which isn't even original. There were already memecoins that came before yours.

How can it become reasonable when you don't have permission to use somebody's name and face? Especially that the people behind this project are making easy money out of Elon's name and face, they could be held legally liable for it.

But you got what you wanted now, the discussion of the memecoin you're promoting.

just because it has elon name in it doesn't mean its gonna be massive, not that elon gonna put billions of their money into the coin just because the coin has his name on it.
moreover, if im not mistaken i just checked in CMC and it got 5k liquidity and not even listed in CMC, i don't think its that massive after all even the crappiest meme coin out there could get themselves listed in CMC why this one is not is something a question someone thinking this coin gonna be massive should be concerned.
I personally think, in few weeks the liquidity will hit its all time low that is $0 and no one would remember that this coin even exists because there are thousands of coin also having elon name in it just for the sake of marketing.
its not something new and its proven to be failing way of creating token or I should say shit coin.

For sure he has capabilities to create his own token if he wants to. Unfortunately for you, and for those Eloncoin token die hard supporters out there, this is only a fan-inspired token... or should I say, a token created just to scam people. Anyways, I don't want to call it a scam until they do... so yeah good luck in promoting that sh*tcoin.

Nobody would've thought about that sh*tcoin because it isn't popular, and nobody cares about that coin TBH. "Lunches"? It must be delicious then. :D
Time to accumulate that sh*tcoin? What if I don't want to? I will say it again, if I will ever touch another meme coin, that would only be DOGE, and not any other meme coin out there especially with a project that obviously just used the word "ELON" just to gain popularity. Name alone has given it a massive boom? You'll must be delusional then. :P

You can't see it's total supply because it hasn't been listed, but it doesn't mean that the coin is unique. Come out of your senses, and think twice with the coin you are promoting. Don't connect Elon Musk with the project especially with a sh*tcoin like Eloncoin. You're delusional, die-hard fan of Eloncoin. Well, if you invested in the coin you're promoting then just wait for it to rug pull you, and other investors out there. For sure many of us will laugh at you all. :D

Stop shilling shit coins. It's not only stupid, it's also careless. If you want to talk about altcoins, let's talk about those that are supported by actual technology and the community. Instead of getting sucked into the maelstrom of celebrity influence, let's explore the domains of blockchain innovation, decentralization, and long-term value.

Get out of this 'Eloncoin' illusion. Make an effort to comprehend the foundations of cryptocurrencies and blockchain technology. Make thoughtful selections rather than letting the flimsy shadow of celebrity influence guide you. This is the sole method for navigating the unpredictable and intricate realm of cryptocurrency investments.

How difficult is it for you to check their FAQs and website where they have clearly mentioned that Elon Musk is no where related to this project and it's a fan inspired token which has nothing to so with Elon Musk, I understand Elon Musk has great influence as he can change the market situation with one tweet announcement but it's utter shame linking him to any project with his name, I mean it would hardly take less than an minute to got through the overview of the website.

I am a part of Eloncoin's signature campaign and this is the first thing it's clarified that it's a fan inspired token not owned by Elon.

It's careless, but smart people won't fall for it anyway. And idiots will find something else to fall for. It's better just to ignore stuff like this.

Well assuming Elon musk directly have some connection with this project there will be no doubt it will be a huge bomb because all the well-known crypto influencers will be on it but like others already pointed out above, it is a fan project inspired by Elon or just using the heavy influence under Elon's name to create a coin to drive hype.
In any case, this coin will still do great except the team are the greedy type that just want a quick buck, if this by any chance catch the attention of Elon it will be loud and pump to mars.  ;D

@Yogee that is your point of view and the way you think and not from the general view. This matter is just a simple understand then you will get the answer without someone explaining everything to you. I have seen different argument here and there but one I want you to know and understand now that "GOOD NAME IS BETTER THAN SILVER AND GOLD" if ElonCoin is not supported by Elon Musk and a fan of his used his name in this project and as you said, it will bump and dumb, don't you think it spoiled the reputation of Elon Musk name so with that he use to protect his name by stoping the fan to use another thing instead not his name. And also I also believed that before the fan used the name in the project he must have taken permission from the bear of the name of Elon Musk is not part and parcel in the project.

I am a Nigerian and I am not from where Elon Musk come from and I don't know how he is operating his company over there because I have not traveled out but I used my sense organs to think very well that you point of argument and that of your supporters might vague because Elon Musk might distance himself from the project probably because he want the project to be a decentralized cryptocurrency blockchain technology won't allow himself to associate with it by behind the scene, he is part of the project. And this is how bitcoin is also is. And now you are saying a FAN and not Elon Musk and that shows that the the blockchain of ElonCoin is automatically a decentralized cryptocurrency blockchain because it becomes unknown ownership and just a fan. Wow!!! I Iike the way he is handling the matter. And from my ordinary human being thinking, as the Op stated clearly, ElonCoin is going to be the second highest coin in the cryptocurrency ecosystem blockchain. From what I have seen, I don't have to go to a prophet to tell me that ElonCoin will be massively use like bitcoin.

Social distancing is part of the technology and mostly personal privacy is one of the must vital thing to do in the cryptocurrency ecosystem. If Elon Musk associate himself with the project then government will be on his neck to stop the project when the project finally make it to the top 2. I know even by now government agencies are investigating him about the project. Cryptocurrency is now going to be a competitive investment and it might take over fiat currency and USA will fight bad to destroy them because dollar might collapsed as well.

Let wait and see the drama that is coming. ElonCoin all the way.

Elon Musk has never launched or has his own coin or token, I think there is a bit of a misunderstanding here, what you mean is Eloncoin which was launched by @lightlord, right? It's completely non-proprietary and has no attachment to Elon Musk, the only attachment between Elon Musk and Eloncoin is the name.


I'm part of this coin community, if you ask me about my opinion, of course I will give a positive response. We know that Elon Musk likes to create controversy over tokens that have low MC, such as Dogecoin (DOGE), I just think that one day Eloncoin will also get Elon Musk's attention, that's all. Because currently Eloncoin has no real utility.

As per their website, it is a fan-inspired coin after Elon. It is in simple words a meme coin that wants to use the name of Elon Musk as he is one of the biggest free promotors of the meme coins like the Dogecoin. The reason why it might go beyond its potential is only when Elon Musk comes out with another tweet that is about a cryptocurrency project. Most of his tweets after acquiring Twitter are about the new rules. I feel in the next bull run if he comes up with another tweet about a meme coin then this project will go viral and get the hype it needs to make money for the owners and those holding the coin.

This is just a shit project that uses the big name of someone who is quite influential in the crypto world. It's really annoying to see this kind of project. And sadly, many people, especially beginners, I'm sure will be interested and buy this coin because Elon's name is on the project. And rest assured, this will only be a mere hype coin as usual, which will not last long in the market and will easily fall after the hype is over. This is like other models of shitcoins that should be avoided and do not need to be invested for the long term. Unless you have good analytical skills to take advantage of the hype time and immediately take profits, not for holding of course.

Bitcoin has remained the leading coin in the space, taking adventurous actions in conquering other projects while remaining the market and trade volume lead. Memecoins will always be memecoins; there is no unique means to table it because the necessary proof is already present; they shoot massively and dump severely when the time comes. Eloncoin will be gigantic, but there are several basic tasks that must be completed before this project can skyrocket to the moon. Project promotion is a topic that is discussed on a daily basis in the market, and there is absolutely nothing to worry about with memecoin because these memecoins often survive the bear season when it arrives.

What?? Your shill posts have 2 problems: 1) English is not your native language so they're hard to understand, and 2) the points you are trying to make are just bad. He is not part of this project in any way, nor will he ever be. The ways in which Bitcoin is superior to your silly memecoin are far too numerous to bother mentioning.


You are completely delusional and not educated on anything that remotely concerns cryptocurrency. Nearly 50% of your coin's supply is held by a single wallet. Since its a Proof of Stake coin, this means it is massively centralized. Its quite obvious the team is just waiting for tards to buy this coin so they can dump their massive stash into any kind of pump.


That will never, ever happen, not in a million years. You're basically saying this coin will replace Ethereum  :D what a joke

How TF you got more than 10 merits is beyond me.

Not  because there is a name on that meaning Elon owns that coin and what I do believe that
 lightord is in the back of this(have not deep down the project because I am not that interested in altcoins now)
 and also if this is truly from Elon then surely this is already rocking the market now because the very moment
this releases investors will truly up to it.

To be fair it is just "fan inspired", it is "everyone in the crypto buys and sells doge based on what Elon tweets, so if we create an eloncoin, maybe they will invest into this too?" by the creators. Look at how much funding they want, and look at how much they are spending, you will see the difference. I guarantee you that after creation and the creators get their funding, they will keep on ignoring it. The whole point of this project is to get that funding, to get richer, to be wealthier, nothing more.

No decent coin would have a need to name itself Elon, literally after a person, I think it would make more sense if they created a good token with a great name, and worked hard to get that funding, they didn't wanted that, they just wanted to get money as quickly as possible. I do not think that it will do fine, it is going to be quite troublesome and should be a weird period without a doubt, it is going to take some time before people could make it work.

I'm not sure we should have high hopes for someone who can't tell the difference from the mega.nz GUI interface and the desktop version of the Eloncoin wallet (https://bitcointalk.org/index.php?topic=5344245.msg63130817#msg63130817).  It makes me wonder if lightlord truly believe this kind of promotion is beneficial for his coin.  :D


What's even worse, he gets paid for shitposts like this!

They may be doing well right now because of the massive marketing they are employing as you can see they are everywhere here in Bitcointalk and it is hard not to notice them until Elon Musk notices this coin and puts a stop to it and Elon can easily put a stop of this coin he is the richest man and he has a battery of lawyers that can put a stop on anything.
Checking on their website Elon's face is everywhere and the only disclaimer they have is that their coin is fan inspired, although in the past we had Trumpcoin but Trump did not do anything to stop this coin, but there was a coin named Coinye and and Kanye West successfully stop the coin named after him

Gold diggers defeated: Kanye West wins legal battle against digital currency Coinye (https://www.theguardian.com/music/shortcuts/2014/jul/27/kanye-west-head-on-coinye-cryptocurrency)

There's a possibility that this could happen to ElonCoin.

I'm not sure if Eloncoin is Elon Musk's own platform currency. If Elon Musk had its own coin, I think it would pump for sure. And if this Elon coin is not Elon musk own coin then it will not be pumped. The authenticity of this coin has not yet been verified. But I'd invest a few dollars in this Elon coin even if it wasn't Elon Musk's own coin. If it is like DogeCoin and Shibainu Coin then I will get a lot of profit from here. Here, those who do their own analysis should never decide to invest in the analysis given by others. Invest in your personal thoughts however you invest.

As you said, it's a meme coin and its theme is Elon Musk. There is no strong relation between the two, so I also think that the coin will be the same even if Elon Tweet something about crypto. Well, except if that crypto was exactly this meme coin. That is going to be crazy, seeing how the demand rises very quickly and as well as its value.

Those who got involved in the project early are very lucky but I wouldn't be greedy because the hype can always die down easily. I just want to add that this meme coin is not new (just in case you are not aware yet). It even go out when the hype of the meme coins are still high, but the coin is almost being ignored by the many. Too bad ;'(

I personally just heard that there is a coin in his name and whether this is true I have not checked directly. yes. Big names also have their own influence on the class of Eloncoin owners.


Whether it will be as successful as Doge coin, maybe it's just a prediction in advance, but if this is handled well by him, I have a feeling that this will be an important step for the global economic ecosystem in the crypto world in the future.

Lol. I'm almost sure Elon Musk doesn't know that his name and face are dragged into some kind of a scammy crypto project. Had this project actually asked permission from him, I'm also almost sure that he would reject it. This Eloncoin is no different from those that came before it like TrumpCoin, PutinCoin, etc. Come on, do you seriously think these people are interested in turning their popular names into cryptocurrency shitcoins?

he may not create tokens but maybe he will acquire some projects that he thinks are good, like acquiring twitter, he sees some projects that have potential, and I think DOGE is his choice.

This is a good question... TBH, well I probably shouldn't say this, but I've never understood how 90% of signature campaigns are at all profitable for the project running the campaign. This particular campaign is paying for up to 60 posts per week -- that's 10 posts per day 6 days a week, not considering that at least some of the participants have alt accounts enrolled in the campaign. It adds up to several hundred shitposts per week. This renders the advertisement little more than a spam blast.

Back to the coin itself: its a proof of stake coin with 49.74% of all coins held by a single address (https://explorer.eloncoin.org/richlist). IMO you'd have to be crazy to buy this knowing that a single entity can earn half the staking rewards and dump the coin to zero any time they see fit.

Much of their GitHub (https://github.com/EMCoin/Eloncoin) appears to be copied from PIVX (https://github.com/PIVX-Project/PIVX/). For example:

https://talkimg.com/images/2023/11/16/FnQ4I.png (https://github.com/EMCoin/Eloncoin#readme)

wait a minute, it says there are "5 main aspects," yet only 3 of them are listed. what happened to the other two? oh, that's right, they never existed, because they copied the readme.md from PIVX:

https://talkimg.com/images/2023/11/16/FnM2d.png (https://github.com/PIVX-Project/PIVX/blob/master/README.md)

I wonder how much other stuff they copied word-for-word I could find if I looked into it, probably a lot.

Bitcoin paying signature, avatar etc campaign to look more legit and lure more victims because of the exposure : check.
Using name, face and quotes of the richest man on earth : check.
Doesn't care if spammers are promoting the "project" : check.
It's a staking scam with half the supply in one wallet : check.

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Has anyone tagged the "dev team" yet?
Maybe it's best to wait for the scam to actually happen then send some useless neg trust, right? Or any sensible  and responsible person could see the red flags before the scam happens and give the proper red tag, something that trust system was actually made for, to prevent scams.

There are many altcoins you can invest in this bearish season, and you will have something to achieve when the bullish season appear, because all those new altcoins use to take a long years before they will start developing some signs that will make the hodlers to start regretting why they invested huge amount of money. Ethereum, Solana BNB, Dogecoin are among the old altcoins you can carry out your personal research to see how good they are to long term hodlers and short term hodlers before you will make your final decision, and your decision will be on old altcoins that has developed many results for hodlers to enjoy and testified in the past. Eloncoin is a new project you don't know what they have to give to their investors in the future, and it will be a big risk to invest in a new project that you have never achieve anything from, and you don't know what it will bring in the future.

IWell it is true that Elon Musk had publicly said that he would never create any crypto projec project for his company but mere look in Ng at it, Eloncoin is not in any way associated with Elon Musk at all. I think the name was choosen based on interest and being a big fan of Elon Musk himself. Normally investing in altcoins is very risky based on the many invents we had seen so far where investors lost there funds because of rug pull. Also there arf great altcoins that are doing pretty well in the market because of team and large community that keep promoting and investing in the coin keeping the liquidity steady.

I know Nutildah already painted some brown on you, but I can't help it, your long shilling post is applying pressure on a private organ of mine and that's not the organ I use to process my thoughts as you do.

Even though I'm not a "prophet", but I can tell you a prophecy about the future of this scam coin, YEAH I just did.
I don't know if it's possible to shove an entire scam block chain/project up where it belongs, but I bet you don't want to find that out by having to experience it. And I would try the same social distancing advice if I were you. Because I wouldn't want to be associated with a scam when the drama begins especially if I want to earn honestly in this community WITHOUT trying to shill for scammers trying to scam the said community members.
~Master shill dig.😉

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I really should distance myself from these woods/scam woods, Otherwise I could go full troll on these garbage posting shills.🤤, yeah the simple mentioning of going full troll made me drool.

I'm certain this is a memecoin created by someone else and not related to Elon Musk. In the past, many tokens like this have been created by leveraging his reputation to deceive less experienced investors.

Just checked the coin, and from what I have read this coin does not have any connection to Elon Musk, his companies, or anything that he has done. In other words, this coin has no utility and doesn't solve any problem. It just like memecoin, I don't see any particular reason that this coin will be massive,
It might survive and exist, but it will niche meaning only small group of people would actually care about this coin.

That's how newbie think since they usually thought that a token named after a famous personality will pump because those guys will automatically support that one and pump the same on what happen to Dogecoin. But they don't realize that those personality is smarter than they think and provably would not support those coins since they are hesitant if they can earn since most of the time the dev who created it will dump so that's why they don't take much the risk on those type of tokens.

If someone says Elon Musk is supporting Dogecoin but why would he don't support other token? the answer with that is no one controls the Dogecoin and its easy for him to manipulate it that's why he is there continue supporting and we see the effect after he create a big hype and for sure he is a lucky man selling some of his holdings at huge price that's why he's been silent now regarding on his support to dogecoin.

Looks like when they created this coin, they had some idea that it would be massive because of its name and people will be fooled to believe that it was actually created by Elon Musk, especially those who are always rushing in their investment because they have lots of money. as soon as they read the name, they won't bother to read the FAQ and some information about it rather they will just simply buy some of it and wait for it to be promoted by Elon Himself. But that's not gonna happen right? because people will gonna follow in their footsteps and make their own coins that have the same name.

After seeing what Doge, Shiba Inu and PEPE have done I will say this is possible. The altcoin marketplace is full of manipulation and that's why there are so many projects with funny names that make 100X overnight. These projects have also been used for money laundering and speculation. The same thing can happen with Elon and if they can manage to introduce some real utilities and community supports it we can see some adoption.

I don’t think Elon Musk supporting this project even it might be he don’t know about this project, if he will support it definitely we will see tweets in his official handle as like he shilling DOGE. It’s may be his fans supported token, so i don’t think still he involved with this project.

The story of meme coins will never end if discussed. Let's just be realistic in choosing, because coins and tokens in the crypto market are born every day and our job is only to choose which ones we analyze will be profitable if we enter and invest in them. If you are in doubt, it's best not to enter and invest in coins that are clear and have been written at CMC, whether you want to be in the top 10 or 100.

NASA and SpaceX are on target to launch the latter's Falcon Heavy rocket with the Psyche mission aboard at 10:19 a.m. Eastern on Friday, Oct. 13. The mission, which will travel more than 2 billion miles into the asteroid belt between Mars and Jupiter, will test the limits of NASA's ability to explore the solar system's strangest and least studied objects remotely, and potentially shed light on how the Earth formed.

Scientists are relatively certain that Psyche's target asteroid, 16 Psyche, is a metal asteroid made up of mostly iron and nickel (it was once calculated to be worth $10 quintillion, or 10,000 trillion dollars). But only by traveling to 16 Psyche will they be able to know for sure. If these hypotheses hold up, then it makes it more likely that 16 Psyche is essentially shrapnel left over from the formation of planetary cores.
https://www.msn.com/en-us/news/technology/nasa-spacex-ready-mission-to-quintillion-dollar-asteroid/ar-AA1i3Pny

Will the next shitcoin be called Psyche? Or does it already exist?

I would say it is both a risk and "fun" thing some people are doing. It is a risk because there is a super high chance that this is simply just a scam, and I would never put a cent into it personally myself because I see tokens and coins as investments and not fun things to enjoy.

However, I agree that after what happened to doge and shiba and pepe and many others, people think this is going to be a fun way to invest, something like "f the man" type of stance, something they can do to enjoy life and I believe that is not going to be acceptable all that easily. I get that it may not be all that simple, but we need to realize that life is not all that simple and we need to arrange something that has to be a bit more personal in the end.

It seems you are expressing a cautious perspective on investing in coins those solely created for fun and without any known practical use case. Historically, newcomers in the cryptocurrencies arena have frequently invested in such coin with the expectation of achieving rapid wealth. Despite this caution, when we look at the past experiences with Doge, Shiba Inu and Pepe and other such coins, some individuals view them as worth taking risk with a small amount of money they can afford to lose.

Well, I wouldn't say "he never will be" interested or involved in such a project. Change is a constant thing in life and we've seen Elon Musk in some instances in the past change his mind on his Bitcoin investment, selling off earlier than he had promised to hodl. Again, Elon is human like any other man. He can review his decisions from time to change due to available information at his disposal. Nonetheless, this isn't a call from me to people to invest in this project because it could be linked to Elon. Nope, far from it. My point here is that we can't say of a certainty what people are capable of, especially when we don't live in the same space with them.

Exactly you are right about Elon Musk and how he may be interested in or involved in a project. He is the man who can think something different at anytime. How he can change no one knows. I seem him a greedy person he always do that work in which always see big money. Like we have an example of Bitcoin he has a different mind about Bitcoin but when he saw there is profit in Bitcoin so he changed his mind and start manipulating the Market.

Still this coin in which we are talking about means Elon coin it can be something different who knows who invented it the Elon is behind it or not. But this is unsure that who is in the back.

I'm over 1,000% sure he will never mention this project, never touch it, never even sneeze in its general direction. It's basically ripping off another coin named PIVX. They didn't properly fork it in GitHub, they just cloned it, changed a few things, and said its a new coin. Even their website - which the developers are too lazy to finish - largely plagiarizes PIVX documentation:


I have tagged & flagged promoters of such irresponsibly stupid projects based on stuff like this in the past. To even pretend Elon may someday be interested in it is completely dishonest marketing.

We know that meme coins are mostly created on the name of famous name where these influencers has no relation with these projects. Meme coins have only usecase of charity and tips and I am not seeing any other purpose of meme coins. We cannot deny this fact that the profit given to users by meme coin in very short time is unbelievable. We are investing in top level coins like matic, Dot, xrp but couldn't able to make 5x so far for holding more than two years while Shiba inu, AIdoge , floki and many other meme coins give 100x in matter of few weeks. Un crypto our aim is to make profit so I think if we can get profit from meme coin then there is not bad idea to invest some funds here also. In the end we will use this profit to buy btc but for short time investing in meme is reasonable.

Elon project is looking potential. They are working on marketing and the biggest secret of meme projects success is theirs community. Shib, floki and Pip listed on big exchange because of large numbers of community.

I don't think Elon will ever create his own coin, especially in the crypto world, it's still better to acquire other coins, like doge and shiba as you said. then make the coin associated with his company. it's better than making new coins.

It's so funny that so many memecoins are created with the Use of Elon Musk.
Eloncoin, Dogelon, elonmars and I don't know how many more are created...

These creators believe that they are going to enjoy some fame given to them by Elon Musk if they use his name  ;D

This shitcoin is going to enjoy a pump and dump as any of the above mentioned. All memecoins go up in the beginning when people think they are going to earn easy money and suddenly when the price drops everyone realizes that the coin was a "shitcoin".

Eloncoin is interesting and worth researching because it makes you curious, is it true that Elon Musk himself created it? because I missed the information, sorry. and so far I haven't seen any posts about Elon coin on its official social media account. If this is true it will be the next trend

Elon would never do that unless he wanted to make huge profits to build his new rocket. elons have become crypto mascots like DOGE and not other coins. See how the effect of Elons allows crypto to pump and dump instantly. Moreover, Eloncoin is talking about Elon, this is like a joke that hopes Elon will discuss it. but that will never happen.

I have more respect towards pure meme tokens that are claiming to be just meme tokens, or nfts that are just links to some pics. But these kind of associating scams are the worst that cryprocurrency scene has to offer.

With small print they can say that they are a meme token, and in no way they are related to the Elon, but that doesn't really help.
They are associating with the name, so that newbs will definitely buy because of it. They might even think they might be picked up by elon, or are secretly made by elon or some crap like that.

I am guessing that makers of this crap think that this line would be their get out of jail card if the token ever moons in price. Which it obviously wouldn't help them as this is an obvious scam.

I don't hate meme coins, but i hate these sort of scams with all my weight. I hate them so much that it gives me energy. I also hate the fact that i should really accept these tokens as part of crypto ethos. Because these happen by design. That they aren't errors we can fix, they are  just examples of people using their freedom.

At least for him to give the go-ahead or the directive for the coin to be used in his name, it then means he has a pre knowledge or supposedly he knows very much about the launch of the coin, so I'm pretty sure he might one way or the other be involved in the financing of the project.
I believe with time, the coin will add value in the market.
Of course for any new investor, it's always advised to start little.

maybe some people can afford to lose but i have seen many people lose their money in crypto especially buying those type of coin.


Maybe you are right but personally i don't think elon musk is greedy person. I think he just simply a man who need money to reach his dream which is go to mars.
I read some news that he has alot of debt but he doesn't want to sell his stock so i think he just want to earn more in crypto which is normally people do

Things like this in my opinion are market manipulation, and we have seen many projects like this in the market, such as Musk Token and other likes in the name of someone who can be said to have an influence in the crypto currency industry to get public attention, I don't understand why Elon makes his token himself, and even if he wants to make his own token, it will certainly be much greater in social media, especially X.

I think there are irregularities if Eloncoin is a project that is built or supported by Elon Musk, for example such as marketing, speculation and so on must be stronger than today.
And Elon is likely that it will not post this Eloncoin, because I think there are no signs that this project is related to Elon Musk.

There's more probability that a coin will perform well base in the purpose for it creation, it is obvious that this coin does not have anything to do with Elon Musk but that doesn't mean it will not make a wonderful performance for its investors to get the opportunity they ever seek in it, you can imagine the way it starts just as how every other successful ones did, later to discover they have massive future profitability, so it's better to just Invest and expect the best to come.

that's why I didn't find anything like that. This means that this is just the work of irresponsible parties who take advantage of someone's fame to seek profit. with the aim of attracting anyone who is interested in it, this is very dangerous, especially for new investors who are hungry for profits without doing research first. Be careful, fraudsters can only imitate trending projects

https://imageupload.io/ib/giMV7hZBA2N830x_1700250868.png

The site has been recoded from scratch for 10x speed up, so yes many things are not working, the functionality of everything should be fixed with the proper download links and so on,
within a week or so.

Also many coins have been cloned/forked.

But yes I'll probably rewrite the documentation up.

And whether Elon is interested in a parody on himself or not remains to be seen

And its opensource: https://opensource.org/license/mit/

I have corrected the copy file to reflect on PIVX like the mention of the previous works.

https://imageupload.io/ib/uL5628rfBH8Vhcc_1700251904.png

I think it's just as dumb as the rest of these pointless coins.  Someone is using his name to get recognition amd weirdly enough stupid people are buying this coin.  What purpose does it serve other than enriching the scammers who "built" this coin?  At some point the madness has to stop.

Yes ultimately a risk and an issue with starting a coin from POS.

There are notable attacks such as Sybil attacks, and so on.

If a single address gets around 100-200M, and the top stops staking, within a couple years they achieve >1B vis-a-vis governance issues.

And yes I wouldn't invest into any coin where one holds such an large amount. I have held 3-6 million in other funds via on bitvest, so it ultimately comes down to will the founder dump the coin or not?
If it goes to $10M, $100M?

I will try to airdrop it slowly over time and spread it out, this should overtime improve the position, and reduce the problems in regards to this.

Anyone can choose to use any name they are interested to use for their project. I think the name Elon is popular because he is a billionaire and also an influencer. I don't think there is anything wrong using name that tend to make people ask if Elon Musk is the one that owns the project. We all know that the crypto market is all about hype which is one of the major instrument used in the market till today. If you are likely to create your own cryptocurrency project, how would you feel when people tag it all sorts of names?

Basically this will still amount into another shit coin in the market,  because for the last that I checked,  this xoun have no direct connection with Elin musk and the name was just chosen along the business mans name just to get the attraction to the coin which is something that will not be easily gotten since a lot of people already know to the extent at which such action can influence their decisions if they don't have the right knowledge and means of using that knowledge to stay ahead of any possibilities of trying to sway you always lf your funds.

I doubt if this is really Elon's own altcoin, it seems like there are parties who deliberately want to take advantage of Elon's popularity in the crypto world. talking about this problem I remembered that some time ago there was an altcoin called MUSK token and quite a few people said that this altcoin was supported by Elon Musk. and in the end the altcoin has no clarity until now.

Well, well, well. If this isn't the sir lightlord the second of the primes. 🤣  the donator, are you also on DT? Anyways, I'm sure the richest man on earth will someday show interest to this parody of his name. If you share some of that premined coins we will say that he "might" show some interest "someday", you know after all if we too have a cut, it'd be in our interest to say that.

Good thing you corrected the copyrights, because I wanted to say what an irony to tag people for plagiarizing other projects but doing it yourself.😉

---

Let me share some shilling tricks :

"WOW, guys I was just on the phone with Elon, he said to thank mycoin fans and tell them; hell mars we are coming"!

OK well there you have it, straight from the horse's mouth.


So this is your coin? You appear to have control over the website & GitHub repository; this along with the info in the quote above makes me believe that it is. Well man I gotta say, this is a real piece of horse excrement. But you do seem dedicated to making it appear less scammy. Probably should have built the entire website first and dispersed the master stash into more wallets before launching the sig campaign, which BTW, seems to have no quality control whatsoever.


I'm not so sure about that -- there's already a token with his name in it that he's never said peep about, Dogelon Mars... Its ticker is even ELON.


LOL. Speak for yourself. Sometimes I wish I was shameless, I'd probably have a lot more money by now.

Agreed.


Huh, considering how many Elons there are out there, so who knows, right? You might actually be telling the truth.  ;)

This was my previous question from Eloncoin until I found this thread,
It turns out that Eloncoin is just a coin from fans, not made by Elon Musk
and I don't think it's necessary to think about it and maintain it because only some of the meme coins rely on the fomo of an Elon Musk

Why invest and expect the best in a coin that has everything copied from other projects and is also using the name of a celebrity to get a higher reach? People who haven't earned their money by working hard for it will invest in such projects because they don't care whether their money is lost or not someone who is sensible and doesn't want to lose their money would never think of investing in such a useless coin only for the hope of getting good returns.

Almost every single meme coin and shitcoin promises to provide great returns to its investors and that it will be a great project and stuff and they say all this only to create hype since the creators know their coin doesn't have the qualities to gain organic growth and they will have to create hype in the hope of getting investors.

If we are going to go by copy and paste in cryptocurrency, i will say this that every altcoins were already a pirate copy of bitcoin, while it has always been advised to make adequate research in any cryptocurrency project before making an investment in them, I can't admit that this is directly an intention for using Elon Musk reputation on this coin, if you make an ordinary google search, you will discover alot about it and how it's not been related in by any means to Elon, there are many other crypto projects that has their names sound like that of bitcoin but aren't bitcoin.

Yes, another shit coin in the market, another meme coin. I don't think this is the time Elon Musk will create his own coin. Agreed, this coin is just using Elon Musk name for the seek of attention and we are all aware of that. Though, some newbies might fall for this. Another meme coin in market just like the Dogecoin, Shiba Inu, Pepe coin and etc. Stay sharp and aware people. Spend your spare time reading in the forum and other platform to have more knowledge.

Oh yeah,  I thought as much and that is why a lot of times,  we can't trust some of those coins that come up with so much hype and placing that hype around a prominent member of the society such as in this case where the coin tries to use Elonmusk as the best face to promote their shitcoin.

The other day,  I heard of a coin that call itself a Bitcoin ETF token,  and I kind wondered what they really mean by that and what they stand to gain via such an approach,  because anyone in their right senses will already know the danger of investing in such coin no matter what the hype is carrying.

That's why it's important to make concrete research on the project you tend to advertise before jumping to any conclusion on the product. Many people and even worker on same campaign are on the dark about this particular project being a creation of fan who adore Elon and not actually a project of Elon musk himself. At first I won't denied that I actually thought same thing too but after following up this I come to realization that doge coin and Shiba are the project which Elon has some influence on.

Here is a place of learning, probably I did a little research but no yet convinced, so I decided to bring up this thread to really know if the campegn am promoting is that of Elon musk. but finally realized that it's just a fan token no doubt about that. I think those who were also thinking like me through this thread I think there mindset will change about eloncoin. It's not a must to have some of eloncoin but if you see need to have eloncoin, it's up to you. But if no need you go for Almighty (BTC)

Nope, much like this coin, Elon doesn't give a f about SHIB (well he'd have to know about this coin in order to not give a f about it, and I'm almost certain he does not -- it has very little presence outside this forum). One time somebody asked him how much SHIB he held and he answered zero. Elon said he held BTC, ETH, and DOGE, and DOGE is the only coin where he's taken an active interest in its advancement.

We knew that dogecoin is just a meme and gain much popularity for it that's why people intend to create something about elon musk. Soon it spread like hell fire but i don't know about SHIB.
It's good to know that SHIB token still exist even there are many copies

I disagree with your point and your view about this coin. Do you mean to say he studied about Dogecoin AKA joke coin? He first noticed and talked about Bitcoin, am I right! Then he came up with a crazy comparison of Bitcoin with Dogecoin.

Now, numerous studies have now suggested that Bitcoin is far better in terms of energy consumption than others. If you want I can submit an new research paper which is a rebuttal of what Green peace claimed about Bitcoin in terms of energy consumption & pollution.

His point was to make meme coin more common as it doesn't come up with liabilities to solve real world problems. It is meant to be a joke and if the community of Eloncoin constantly bombards his X.com handle, he would eventually end up checking it. Isn't that what happened with Dogecoin?

Op it seem your are quite correct on your statement concerning the influence of elon musk on other altcoin, but I must say that those coins in which his influence has impacted their adoption greatly have not yet grown to my expectations but, they are doing fine. Considering the same influence and more on his coin, he will surely make out the best of it, due to his innovative ideas I believe with time he'll make his coin worth the title of a trusted altcoin rather than a shitcoin.

Sorry I made a mistake earlier, thinking that it was his coin but I was made to know that it was not his coin but a fan token. And Elon musk is not also aware that his name is used on this coin. And morover it's just being everywhere in the forum not outside. Take note. Thought nobody can predict the future but we still hope that becomes useful.

Of course you do, you're in the signature campaign for it.


Yes, that's exactly right.

https://twitter.com/elonmusk/status/1392974251011895300
https://twitter.com/elonmusk/status/1433481968692305963
https://twitter.com/elonmusk/status/1396916392629137409


Everybody first noticed bitcoin. You may not be aware of this but bitcoin was the first cryptocurrency.
 

OK, name one coin that requires more energy consumption than bitcoin.


No, not at all. Everything you just said is incorrect. He likes Dogecoin not just because its a "meme coin" but because it has 1 minute block times and low fees. Nobody was shilling Dogecoin to Musk before he decided to invest in it & help its development.

in this regard, Elon coin is no worse than Doge coin. Elon has a fast block speed and low fees. Do you have any objections?

The only thing that makes Dogs better is the POW consensus. But who are we to decide? There are many technologically advanced POW coins that are at the bottom, and there are many POS coins that have a good reputation. The technological component is on the second page of the list. Here comes the Elon coin!

I don't think using famous person's name and face (without permission) would be a good thing for a serious project. There are already a multiple of coins that tried to name themselves around elon. A couple of Eloncoin, One coin called Elon coin to the moon and most popular of them Dogelon. Similarity between them is they are not taken seriously. Even if this particular one is lead by a good team and worked hard for advertising it, an established exchange would never list it as there could be legal consequences.
But with what you said, there is a possibility for Elon Musk to launch his own coin (75% premined for himself), would actually be an instant hit.

I will leave this here, and tell me if they haven't copied my method, how can I file a copyright complaint? This is my proof: