Everyone is asking “What is the STOPELON Coin” after hearing rumours that it was invented in response to Elon Musk.
The year 2021 has been a year of endless new cryptocurrencies coming into play for the online financial market. The latest one? STOPELON Coin (or $STOPELON).
Now, everyone is wondering what it is after hearing rumours that the coin was invented with plans of preventing Elon Musk from furthering his shares in Tesla, more so, after his recent comments on Twitter regarding cryptocurrency.
So, exactly what is STOPELON Coin?
WHAT IS THE STOPELON COIN?
- As is in the title of the coin, the new currency ‘STOPELON Coin’ has been made to “Stop Elon” from further influencing the market… and thus the name.
It is not known who created the coin, just that it was made following the recent influence of Elon Musk where his relationship with Dogecoin has inflated the currency exponentially since the start of the year. Elon’s recent comment about suspending Bitcoin from transactions with Tesla but willing to transact with other currencies has led some people to push for STOPELON Coin as a movement as well as a currency.
At the time of writing, Elon Musk owns 21% of Tesla. The official site for the coin state for their reason in creating the coin (To Elon Musk):
“We say ENOUGH. Hence, we created $STOPELON. Where we get rich, without anyone controlling our fate except ourselves”.
On the site, the creator(s) also go on to explain their “Tokenomics” whereby the currency has minted 1000b coins with a 40% burn. Another section explains their 4-phase plan to maneuver their way into Tesla as a legitimate currency and along the way oust Musk.
BUYING THE NEW CURRENCY
The official STOPELON site lays out step-by-step instructions on how to purchase the currency, which you can find here.
However:
TWITTER REACTS TO STOPELON COIN
Some people believe that the coin has been rightfully invented to stop Musk from interfering with cryptocurrency further.
Here are some of the reactions found on Twitter:
1. https://www.hitc.com/en-gb/2021/05/18/what-is-the-stopelon-coin-plans-to-oust-elon-musk-explained/ 2. https://www.stopelon.space
