Elon Experiment will begin on the 7th of October at 11:00 UTC on Uniswap.
We know Elon cares about his reputation and invests a lot to give himself a good image, but what does the crypto community think of him? Well, it's time to let him know.
Elon Experiment brings the celebrity tokens concept for the first time to the DeFi scene. Anyone has reasons to love or hate Elon so we created two factions: Elon Experiment ELON (ELON.ee) and Elon Experiment FELON (FELON.ee). One fits those who love him, the other for those who hate him.
The two tokens have a fixed supply of 6,9 Trillion. This way, we can virtually calculate the popularity of Elon Musk using the two tokens' market capitalization by using the ELON dominance over FELON.
Elon Experiment has no ICO, no pre-sale, no allocation and no fundraising of any kind. The team will add 100% of the tokens to each liquidity pool. We implemented security features to ensure a fair launch; you can read more below.
Rules Of The Game
Holding ELON or FELON has a direct impact on Elon's popularity. When you leave one of the two, we consider that you no longer express the same feelings. Therefore, we implemented a unique deflationary mechanism that both tokens will share. While there is 0 fee on buys, a 6.9% fee is applied to sell orders. This fee immediately buys back and burns the opposite token, effectively spicing up things between the two factions. The supply is finite, fully minted, and available from the start, meaning everything is in circulation, and there will never be any dilution whatsoever.
Perpetual Capture The Flag
In addition to the core concept, the default token to buy and the interface's accent color reflects the winning faction, encouraging each team to win to get featured on the website.
Very Fair Launch
As we want to preserve the spirit of DeFi, we are making it a fair and stealth takeoff. We also implemented innovative measures to disrupt bots, greedy whales, and front runners to give every community member a fair chance to enter this project.
During the initial bootstrapping, ELON and FELON will become tradable on Uniswap. They will be limited to a maximum of 34,500,000,000 (34,5B or $50 worth of tokens) bought every 4 hours per wallet. The buy limits will be removed automatically after four days.
In addition, the selling fee discourages further front-running as it would become more expensive than the profits bots may reap.
Fully Decentralized
The protocol's services are open for public use, with no ability to selectively restrict who can or cannot use them. We implemented various features at the protocol level to ensure its longevity and resistance to censorship. Such characteristics include:
- Immutable contracts on Ethereum (No proxy)
- Renouncing contract's ownership at launch
- Hosting the infrastructure, such as the website, blog or documentation, on a decentralized storage protocol (IPFS) that can be easily accessed through our IPNS (ipns://elonexperiment.eth)
- Minimal social presence to encourage decentralized communities to form and emerge around ELON and FELON
Initial Liquidity
$20,000 worth of Ethereum that come from our hard-earned money will be used to bootstrap the liquidity for both tokens, which have been locked for three months. We'll lock it forever if the protocol reaches a market cap of $6,9M or more for a continuous period of time. The lock link will be posted on Twitter shortly during the launch.
Social Media
Since we deeply care about decentralization, we don't plan to have other social media presence except for Twitter (and a Telegram announcement channel as backup).
One of the most critical goals for ELON and FELON factions is to create and maintain their reach by using their own social platforms such as Instagram, Reddit, Mastodon, Tiktok, Discord, Telegram Groups, etc. We will be happy to list them all in the official documentation! Anything goes!
What's next?
With Elon Experiment, you will be able to discover a decentralized way to give your opinion on the most controversial personality in the crypto space. We have plenty of things planned for the future of Elon Experiment and we can't wait to hear what the community have as well.
Follow us on Twitter to stay tuned about the launch.
About Us
We are a small team of veterans contributing to the DeFi scene since 2020.
While we each have our own opinion of Elon, we decided to remain neutral and never interfere with the course of events. We won't put a face on this experiment because it doesn't belong to us; it never did and never will. While we cannot shut down the protocol, we wouldn't want Elon and his legal team to be able to come after us, even though that would be an honor if such a thing ever happened.
Social
Twitter
Telegram Announcements
Website
https://elonexperiment.com
https://elonexperiment.eth.link (mirror)
https://elonexperiment.eth.limo (mirror)
ipns://elonexperiment.eth (direct mirror)