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ElonTech

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ElonTech considers themselves to be the tech valley token that bridges the gap between IT and crypto. ElonTech aims to reach $1 in December 2021. ElonTech intends to spend 5% of its Tech Valley revenue to burn its token each month to achieve their goal

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Authenticity & future plans

ElonTech was launched in May of 2021.
The project was built to buy and sell Tech valley assets and intends to be the default currency used to “develop, build, buy, and sell Tech Valley” assets. Additionally, according to their website, ETCH is a platform for the future of funding that powers data for the new equity blockchain.

WhitePaper
ElonTech’s whitepaper states that they intend to offer its coin with IDO and ICO by linking with major platforms such as Polka Starter, PancakeSwap & UniSwap for trades in the crypto market.
Click here to read the Whitepaper
https://elontech.finance/whitepaper/

Markets/Exchanges
At time of writing, ElonTech is not listed on any exchanges.
PancakeSwap V1 and V2 are the only current means of trading.

Products
NFTs Market Place
ElonTech App
ElonTech Game
ElonTech Academy

Transparency & Contract

ElonTech have had 2 audits done, one with Techrate, and the other with Certik, though it is fair to say that they are currently waiting on the Certik results.

Techrate Audit: Read the audit here https://github.com/TechRate/Smart-Contract-Audits/blob/main/ElonTech%20Full%20Smart%20Contract%20Security%20Audit.pdf
Certik Audit: Read the audit here (In Waiting for Results)

Doxxing
According to ElonTech’s RoadMap, the team at ElonTech begins 1st stage of Doxxing in September of 2021. At time of writing, all core developers have been doxed along with their Twitter and Instagram socials.

Website
https://elontech.finance/

Upon reviewing the contract code, we did not find any discrepancies between the contract code and what is inherently written on their website.
ElonTech has not renounced their contract. Contract is Owned.

Contract Verification
ElonTech contract is verified on BscScan

Current Market Cap
266,943,851

Current 24Hr Volume
$161,896

Contract Address
0xC66c8b40E9712708d0b4F27c9775Dc934B65F0d9

Contract Code Review
Upon reviewing the contract code, we did not find any discrepancies between the contract code and what is inherently written on their website.
Contract is verified on BSCscan and the contract ownership is renounced to the community.


Current Market Cap
$297,564,891

Current 24Hr Volume
$277,377

The above data is According to CoinMarketCap.at time of writing.


Partnerships/Verified
None

Liquidity, Tax & Reflections

Liquidity
ElonTech Liquidity is locked for 1 year on Mudra

Tokenomics:
ElonTech does not boast any major type of tokenomics. This token does not do reflections and does not charge a buying and selling fee.

Total Supply: 34,979,803,438,049
Circulating Supply: 17,219.61 Billion
Buy/Sell/Move/Transfer Tax - 0%
Redistribution/Reflections – 0
Slippage – 0.1%
Lunar Crush
Galaxy score – Not listed
Alt rank – Not Listed

Community

ElonTech community is active across Twitter, Telegram and YouTube. Twitter has the highest followers, however they’re most active on Telegram. ElonTech tend to put down other tokens, as seen on their Telegram announcements where they state not to “repeat the same mistakes of other tokens like Shib and Safemoon”, after which some community members questioned the announcement as in “what mistakes”. ElonTech also host live AMAs then upload to their YouTube channel.

Community by the Numbers
Twitter – 68K followers
Telegram– 47K members
Facebook 7K followers
YouTube 4K
Holders/Wallets – 27K
Watch List (CMC) – 580K

Conclusion

ElonTech has a goal of reaching $1 or more by December of 2021, this seems to be a monumental task since the token which is currently at $0.00001684 at time of writing needs to do a 59K x 0.00001684 to reach $0.99. Most of the products are schedule to be released in December of 2021 which makes meeting that $1 goal even more difficult. ElonTech will need to make some major changes to reach $1 in such a short time.

Recommendations:
Our recommendation is for ElonTech to get listed on more exchanges which will expose the token to more investors. Focus on building their own project without putting down other projects in the defi space, there is a high possibility of a Shib, Safemoon or other tokens holders that may hold ETCH as well.

The above is for informational purposes only and is in no way financial advice. Do your Own Research? (DYOR)

First Published:
Sunday, 10 October, 2021
Last updated:
Saturday, 23 October, 2021
ElonTech

75

Scoring legend:
Below 50: Needs improvement
50-75: Getting attention
Above 75: Massive potential

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