Bybit Learn | ELONGATE: Crypto With a Cause

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operating on the Binance Smart Chain ( BSC ), ELONGATE is a jacob’s ladder token that rewards its holders with a part of transaction fees, and donates to social causes such as climate preservation and human relief. In July 2021, ELONGATE formed two legally independent entities — EG Association, which focuses on governing social impact activities such as donations, charity events and fund-raise ; and ELONGATE Global, which focuses on governing the engineering platforms and disruptive technical development. As a company, ELONGATE ’ s mission is to give back to society and make it a better place. This article takes a closer spirit at ELONGATE and ELONGATE crypto .

What Is ELONGATE?

elongate is a cryptocurrency token, built on BSC, that creates a sociable impact. Of the transaction fees collected from trading ELONGATE tokens, 10 % are used to reward holders and donated for philanthropic activities. The protocol mechanically and instantaneously splits the tip : 50 % of it goes to all holders of the token, and the remaining half gets auto-locked in PancakeSwap ’ second Liquidity Pool ( LP ). PancakeSwap is an automatize market manufacturer ( AMM ) and a decentralized finance ( DeFi ) application. It helps users switch over tokens, and provides liquidity via grow and gain fees in render. Every 14 days, funds are extracted and donated to a charity chosen by its community. linear was officially established as a company in July 2021, and is governed by a leadership board which includes COO Hasan Aziz and Chief Brand Officer Alexander Gambon. The company is tradable on PancakeSwap. The ELONGATE nominal has a history similar to Dogecoin ( DOGE ) in that both tokens originated from memes. In fact, the universe of ELONGATE can be traced spinal column to a March 2021 tweet from Elon Musk which read, “ If there ’ s ever a scandal about me, *please* call it Elongate. ”

What Makes ELONGATE Unique?

linear was launched as a crypto visualize to baron a social impact movement. Its USP is its combine rewards and beneficent orientation. Rewards for community members are proportional to the count of ELONGATE tokens they hold. The remaining half of each transaction fee goes to the PancakeSwap LP. Their rule suggests that every workweek, 60 % of roll up tokens are distributed to respective charities. ELONGATE ’ s mission is to “ leverage blockchain technologies and community action, creating social awareness and defying the condition quo by making profitableness linked to incontrovertible social impact. ” To date, ELONGATE has raised $ 3.25 million for luminary NGOs like Children International, Action Against Hunger and Human Relief Foundation. ELONGATE is deflationary, then no new coins can be mined after its 1 quadrillion specify is reached. If the coin becomes popular, it has meaning potential to rise in price .

ELONGATE Use Cases

elongate is primarily used by investors who wish to make a plus impact on company by holding crypto. Its frame-up uses holders ’ costs to benefit helpful causes, and is suited to investors who take ESG ( environmental, social and government ) factors into retainer. Investors are increasingly applying these non-financial factors related to ESG as a part of their analysis to identify emergence opportunities and substantial risks. elongate was founded on four winder values : charity, community, clearness and sustainability. The jacob’s ladder makes a real number impingement for the greater dependable by donating. It serves the residential district by being a collective mission founded by the community, for the community. Donations enlisted by ELONGATE address hunger, aid COVID-19 relief projects and assist environmental cleanups. ELONGATE besides develops mobile games which integrate with the token. There are exclusive collectible NFTs launched to integrate with the gambling products and provide respective access points. These NFTs are purchased with BNB, and additionally, the ELONGATE nominal will soon be integrated as a payment mechanism. All donations and NFT transfers made are visible to the community .

ELONGATE.cc

ELONGATE.cc is the official web site, serving as a decimal point of communication between tokens and users and providing the most up-to-date information about the token. Its properties include the token trade app, milestone updates, news program, residential district forums, and more .

ELONGATE Spark

ELONGATE Spark is a mobile app with instantaneous access to the ELONGATE ecosystem. Users can like and share social impingement causes, accelerate fundraising campaigns, track their funds through a digital wallet, and communicate with other supporters in chapters worldwide. ELONGATE crypto lies at the core of the ecosystem, powering a revolution that enables the acts of earning ( rewarding token holders ) and giving ( creating social shock ) to go hand in hand .

Can You Mine ELONGATE Crypto?

Unlike cryptocurrencies such as Bitcoin, Ether and Stellar Lumen, ELONGATE can not be mined, only bought.

How to Buy ELONGATE Crypto

Users can leverage the Binance crypto exchange to buy Binance Tokens ( BNB ) which, in turn, can be used to trade ELONGATE. Once you purchase BNB, it needs to be transferred to an external crypto wallet like MetaMask. Next, the drug user needs to visit PancakeSwap and use the token address of ELONGATE to exchange it for BNB. elongate can be bought with BNB or USDT ( Tether ) on big crypto exchanges like PancakeSwap, LBank and BitMart. As the token was only recently launched, it can not be bought directly via bank transmit or credit wag. Users can besides buy ELONGATE by visiting the official web site ’ sulfur Buy Token section, which lists the places where the nominal can be bought .

ELONGATE Tokenomics

As of this write, ELONGATE ’ sulfur price is $ 0.000000044 with a 24-hour trade book of about $ 44,000. Its market hood is over $ 20 million, with an all-time high ( ATH ) in May 2021 of $ 0.00000086 and an all-time low of $ 0.000000000065, recorded in June 2021. The ELONGATE cryptocurrency was launched on March 25, 2021, with a hard cap of one quadrillion tokens. Almost 412 trillion tokens were burned at creation, and over 24 trillion have been burned since. The team burns tokens hebdomadally on an ongoing footing. Every week, 43.7 % of ELONGATE tokens are sent to a dead wallet and burned manually. Burning linear tokens is important because liquidity is needed to pair them up with ETH on the new Eth2 blockchain. sufficient fluidity is needed to avoid price excitability. As some liquid is locked for the community, weekly extraction ( or burning ) is needed .

Is ELONGATE Crypto a Good Investment?

Although it ’ s a relatively new crypto entrant, ELONGATE has been well received, as evidenced by its growth in the crypto market. It ’ mho expected to see batch of growth in the future. An extra profit for users is the abject price of its crypto, which is advantageous for entry-level cryptocurrency investors who want to gain a major hold. If users acquire large amounts of ELONGATE crypto now, they may earn fantastic rewards in the future. This nominal has a target price of $ 0.000001 for the future 12 months .

ELONGATE Alternatives

Although it ’ second in the minority, ELONGATE is not the only cryptocurrency that gives back to society. Three alternatives to explore are : SPE aims at developing an enhanced green ( tree ) screen, better marine management, lobbying for more meaningful legal controls, and supporting the real number costs of climate change. It does so through strategic partnerships, academician backing, and a strong cryptocurrency residential district that ’ s still growing. SPE gathers all the ingredients to change the earth ’ s landscape through carbon paper segregation, which means capture and storing atmospheric carbon paper dioxide and coordinating with international aid organizations and the public . Aquari is an environmental conservation organization, powered by cryptocurrency, which aims at restoring earth ’ randomness water system bodies to a healthy state for all living creatures on the planet. Each transaction on Aquari is taxed for 10 % of its sum prize. This tax isdivided with 4 % burned to provide liquidity, 3 % redistributed among all Aquari holders, and 3 % sent to a contribution wallet to finance the NGO ’ mho efforts . Launched in 2019 as Pangea Ocean Cleanup, SeaChain is a singaporean caller whose mission is to clean the ocean and inspire an ecological motion. It ’ s raised more than $ 500K, and has held 40 beach cleanups in 10 countries indeed far.

SEA acts as a sustainable circular economy solution for combating ocean pollution by producing goods and services sustainably, and limiting the waste of resources. It recycles methamphetamine using river barriers that can be tracked and verified through the blockchain, with the barriers generating tax income by creating and selling plastic-offset credits. meanwhile, trash that ’ sulfur collected is incorporated into SeaChain ’ mho argumentation of recycle products and sold to manufacturers .

Closing Thoughts

elongate is a cryptocurrency that gives back to company, which is a major USP for crypto. Users everywhere have started recognizing its worth and discovering its features. furthermore, ELONGATE is supported by long-familiar figures in the industry, including the man who inspired its creation, Elon Musk. ELONGATE focuses on delivering maximal security system and trust with an ever-adapting fructify of market analyses and real-time adjustments to ensure sustainability. Considering the incontrovertible steps it ’ mho taking toward supporting versatile foundations, the future of ELONGATE surely looks bright .

source : https://wikisongkhoe.com
Category : Coin