ELONGATE

ELONGATE is a cryptocurrency token on the Binance Smart Chain that aims to help the underprivileged. It is a frictionless yield and liquidity generation token, where a 10% transaction fee rewards holders and donates significant sums to philanthropic activities. The ELONGATE team is creating an impact ecosystem to revolutionize the social impact of blockchain technology.

It supports charities such as Children International, EB Research, Malala Fund, Action Against Hunger, and The Ocean Cleanup.

History
ELONGATE started from a meme. It began from a tweet posted by Elon Musk telling his Twitter followers that if he is ever part of any scandal, it should be called "Elongate," hence the name of the crypto now. After the tweet was posted, a fan instantly started working on the Elongate website.

The token started trading in April 2021 on Pancakeswap, and it was listed at $0.000000084. On 4/21, it reached its peak, at $0.000001000 per token. This was a return of about 1,200% since the token first started trading. It was legally incorporated as a company on July 23, 2021.

Team
ELONGATE's leadership board includes names of crypto experts such as Hasan Aziz and Alexander Gambon.

Description
ELONGATE is a BEP20 deflationary token issued on  Binance Smart Chain. It is also a charitable organization that aims to bridge cryptocurrency with philanthropy. The company has pledged to give 80% of its income to charity.

ELONGATE charges a 10% fee on all transactions, half of which is given to token holders, while the remaining 5% is donated to charity. The token had over 482,000 holders as of January 2022.

The tokens can be bought on PancakeSwap, MexC Global, Bitmart, LBank.

Mission and vision
The company's mission is to leverage community action and blockchain technologies to grow a global movement that defies the status quo and makes profitability intrinsically linked to positive social impact.

ELONGATE does this via three pathways:


 * igniting a social transformation
 * building transparent pathways to capital for earning and giving
 * empowering people to create a sustainable world

Its vision is to forge a revolutionary social impact ecosystem on the blockchain.

Philanthropy
As of September 23, 2021, Elongate crypto donations totaled $3,490,000. Youth Hospital Care and Patients in Need with ZHC, Action Against Hunger, and Ocean Cleanup are among the initiatives funded.

Elongate and The Giving Block established a collaboration. It has contributed to great organizations with The Giving Block and worked with its partners to promote charity crypto adoption. Elongate has helped the Human Relief Foundation and Give India raise $2 million. The latter is a Covid-19 relief effort in South Asia after a catastrophic outbreak.

It donated $150,000 to the National Kidney Foundation as per their weekly donations scheme. The National Kidney Foundation's passion and purpose are to provide a lifeline for all kidney disease patients. NKF is a leader in scientific research and innovation that helps concentrate on the patient.

Elongate also plans to launch the world's first charity-focused exchange, the Elongate charitable-impact wallet, as well as NFT campaigns by the second quarter of 2021. The team is set to unveil a new Elongate website, NFTs, and apparel. The store will give 80% of all sales to charity.

The event, hosted by Tom Holland, aired on November 18 on the ELONGATE YouTube channel. As Title Sponsor, ELONGATE provided $50K of matching funds and sourced contributions from the cryptocurrency community to exceed that target. In total, the #CryptoForCures Fund has seen over $500K in contributions this year.