The ELONPEG token is pegged to Elon and operates a deflationary ecosystem through the market volatility generated by Elon-related events, leading to token burns.
The ELONPEG token itself is a BEP20 fungible asset on the Binance Smart Chain. The initial supply is 1 trillion ELONPEG tokens, including a 9% tax on all transactions. This 9% is evenly distributed among holders, the liquidity pool, and the tokens marketing wallet.