- 0.00 USD
A cryptocurrency known as STOPELON coin recently surfaced as a response to Elon Musk’s alleged market manipulation. Stopelon coin is a community-driven cryptocurrency born out of the frustration caused by market manipulation by influential figures like Elon Musk.
The project’s mission is to counter Musk’s impact on the cryptocurrency and stock markets, primarily through his tweets and media comments. Stopelon aims to acquire sufficient voting power at Tesla to take control of the company from Musk while rewarding token holders in the process.
Many traders blamed Musk’s tweets for the crypto market crash on May 19. Notably, $STOPELON experienced a staggering price surge of nearly 5000 percent in a single day, soaring from $0.0000019 to $0.00009450.
$STOPELON, similar to Dogecoin, is a meme cryptocurrency with ambitious, meme-like goals. It operates on the Binance Smart Chain blockchain, boasting a market cap of approximately $24.9 million and a current trading price of $0.0000481795 per coin.
The total supply of STOPELON consists of 50 percent available for purchase, with 40 percent already burned and removed from circulation, while 5 percent each are allocated for the developer’s wallet and marketing.
Why ‘Stop Elon’?
Crypto traders and investors have grown increasingly frustrated with Elon Musk’s tweets, which have led to significant fluctuations in cryptocurrency prices. For instance, Musk’s announcement that Tesla would no longer accept Bitcoin for payments due to environmental concerns led to a massive Bitcoin price drop below $45,000. Similarly, his comments on Dogecoin during his Saturday Night Live appearance caused the cryptocurrency’s prices to plummet.
Many in the crypto community accuse Musk of irresponsibly manipulating the market with his Twitter account. $STOPELON’s official page criticizes Musk for his alleged attempts to pump cryptocurrencies and his role in market volatility.
History of Stopelon (STOPELON) Coin
Stopelon initially began as a protest cryptocurrency, geared towards combating market manipulation. However, after overcoming initial challenges, the project smoothly transitioned to its second contract version (v2) to enhance trust and commitment to its mission. The token expanded beyond its meme origins to focus on opposing market manipulation, identifying bad actors in the crypto space, and educating ordinary individuals. Moreover, the Stopelon ecosystem offers various products and platforms to empower its community and generate revenue.
The whitepaper outlines how the Stopelon platform generates revenue and benefits for token holders. These advantages fall into three categories:
1. Single-deployment cost.
2. Subscription cost.
3. Platform auto-buyback.
The Stopelon ecosystem utilizes all the revenue generated from its Software-as-a-Service (SaaS) platform for three key purposes: accelerating token burning, elevating the base price, and offering staking rewards. Moreover, SaaS represents a widely adopted software delivery model. The first-generation products undergo testing and deployment within the Stopelon ecosystem before seamlessly integrating into the SaaS platform. This strategic approach vividly illustrates how a portfolio of products can collaboratively contribute to establishing a robust foundation for the benefit of token holders.
The STOPELON coin is an integral part of the platform and has a 10% transfer tax, which applies to various other transactions.
In the near future, Stopelon plans to introduce several features to enhance its ecosystem. These include monthly exclusive NFT distributions, the Stopelon Voting Trust (SVT) for supporting the movement, a governance platform (SIP) for community decision-making, and a stock-pegged staking platform to allow people to stake Tesla shares and earn $STOPELON.
STOPELON Coin Tokenomics
STOPELON boasts a fixed supply with no new tokens to be minted. Ten percent of the total supply is divided between the developer wallet and marketing wallet. Over 40 percent of the total supply has been burned, both automatically and manually. A 10% tax on every transaction is in place, with 2% redistributed to holders and 8% to the Pancakeswap liquidity pool. The initial taxation excludes the burn wallet, marketing wallet, and developer wallet, ensuring holders receive approximately 5% in rewards.
How to buy StopElon (STOPELON) Coin?
Here is the step-by-step guide that will help you navigate the process smoothly.
Step 1: Select a Reputable Cryptocurrency Exchange
To begin, it’s crucial to choose a trustworthy cryptocurrency exchange that supports StopElon (STOPELON). A recommended platform for this purpose is PancakeSwap v2.
Step 2: Link Your Cryptocurrency Wallet
Next, connect your crypto wallet that is compatible with BEP-20 tokens to the selected exchange. Some popular wallet options for this task include Trust Wallet, MetaMask, and Binance Chain Wallet.
Step 3: Exchange for STOPELON
After linking your wallet successfully to the exchange proceed to the STOPELON trading pair. Here, you can swap your desired amount of Binance Smart Chain (BSC) or other BEP-20 tokens for STOPELON.
Step 4: Securely Store Your STOPELON
After completing the swap, it’s essential to withdraw your STOPELON tokens to your connected wallet for safekeeping. This ensures that your investment remains secure and easily accessible when needed.
Frequently Asked Questions (FAQs)
1. What is the Stopelon coin price in INR (India)?
As of now, the price of 1 StopElon (STOPELON) coin price in India (INR) is about ₹0.000029240094.
2. What Is the Highest Price of STOPELON?
STOPELON reached its all-time high (ATH) price of $0.00003709 on June 7, 2021.
3. What is the all-time low price of STOPELON coin?
STOPELON has touched it’s all-time low (ATL) price of $0.000000356743 on September 21, 2023.
4. What Is the Current Price of StopElon (STOPELON)?
At the time of this writing, StopElon stopelon coin price in India (INR) is ₹0.00002961, with a decrease of -0.16% in the last 24 hours. You can check stopelon coin price live on CoinGecko.
5. How Many STOPELON Tokens Are There in Circulation?
Stopelon was launched on the BSC mainnet with 1,000,000,000,000 STOPELON tokens, and 43% of them were initially burned. No new tokens will be minted, and additional manual and automatic burns are planned.