Eloncoin will be massive.

[Sayeds56]

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.

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[Mpamaegbu]

He's not and he never will be.

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.

[Publictalk792]

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.

[nutildah]

He's not and he never will be.

Well, I wouldn't say "he never will be" interested or involved in such a project.

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:

He's not talking about that. He's talking about why the signup feature doesn't work, and I presume why the "Download Wallet" button does work; nor does the Contact Us link, or the Subscribe button... Also, if you manage to get to eloncoin.org/download, the Release Notes, Source Code and Wallet Guides buttons don't work. The "Why Eloncoin" menu item brings you to a quote by Elon that has nothing to do with why people should buy Eloncoin.

Not to mention the entire project seems to be an unattributed clone of PIVX with a few minor alterations.

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.

[AnonBitCoiner]

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?

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.

[huu78]

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.

[phonakAG]

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 

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".

[bastian466]

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

[AakZaki]

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.

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.

[o48o]

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.

[Spaceman1000$]

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

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.

[deepblue01]

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.

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

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.

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

[bangjoe]

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

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.

[Dunamisx]

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.

[bastian466]

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

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.

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

[lightlord]

He's not and he never will be.

Well, I wouldn't say "he never will be" interested or involved in such a project.

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:

He's not talking about that. He's talking about why the signup feature doesn't work, and I presume why the "Download Wallet" button does work; nor does the Contact Us link, or the Subscribe button... Also, if you manage to get to eloncoin.org/download, the Release Notes, Source Code and Wallet Guides buttons don't work. The "Why Eloncoin" menu item brings you to a quote by Elon that has nothing to do with why people should buy Eloncoin.

Not to mention the entire project seems to be an unattributed clone of PIVX with a few minor alterations.

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.

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.

[wheelz1200]

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?

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.

[lightlord]

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.  It makes me wonder if lightlord truly believe this kind of promotion is beneficial for his coin.  

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. 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.

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.

[Bushdark]

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?

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.

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?

[Wiwo]

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.