Elongate - Everything you need to know about EG Token
What is Elongate?
Elongate 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 Elongate token has a history similar to Dogecoin (DOGE) in that both tokens originated from memes. The creation of Elongate can be traced back 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 different?
Elongate was created as a cryptocurrency project to fuel a social impact movement. Its unique feature is the mixture of incentives and altruistic motivation. The amount of Elongate tokens held by community members determines their rewards. The PancakeSwap LP receives the other half of each transaction fee. According to their guideline, 60% of collected tokens are handed to various charities every week.
To date, ELONGATE has raised $3.25 million for renowned non-governmental organizations such as Children International, Action Against Hunger, and Human Relief Foundation. Because ELONGATE is deflationary, no new coins may be mined until the 1 quadrillion cap has been achieved. If the currency becomes popular, its value has the potential to skyrocket.
Detailed information about EG Token
EG Token Metrics
- Ticker: EG.
- Blockchain: BNB Chain.
- Token Standard: BEP-20.
- Token type: Token.
- Contract: 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385
- Total Supply: 1,000,000,000,000,000 EG.
- Circulating Supply: 495,107,100,785,023 EG.
EG Token Allocation
- Total Supply at Launch: 1,000,000,000,000,000
- Pre-Sale Allocation: 400,000,000,000,000
- Initial Burn: 412,002,373,603,282
EG Token Sale
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EG Token Release Schedule
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EG Token Use Case
Elongate is mostly utilized by investors who want to positively affect society by owning cryptocurrency. Its structure employs holders' costs to benefit charitable organizations and is appropriate for investors who consider ESG (environmental, social, and governance) concerns. Non-financial ESG elements are increasingly being used by investors as part of their research to identify growth potential and substantial hazards.
Elongate was based on four pillars: charity, community, clarity, and long-term viability. Donating to the charity has a significant influence on the greater good. It benefits the community by being a collaborative mission formed by and for the community. ELONGATE solicits donations to alleviate hunger, COVID-19 relief efforts, and environmental issues.
Elongate also creates mobile games that work with the coin. Exclusive collectible NFTs have been released to interact with gaming items and give numerous entry points. These NFTs are purchased using BNB, and the ELONGATE token will be included as a payment method soon.
How to buy EG Token
Users may use Binance to purchase Binance Coin (BNB), which can then be used to trade EG. After purchasing BNB, it must be moved to an external crypto wallet, such as MetaMask. The user must then go to PancakeSwap and enter the EG token address to exchange it with BNB.
EG may be purchased using BNB or USDT (Tether) on major cryptocurrency exchanges such as PancakeSwap, LBank, and BitMart. Due to the token's recent debut, it cannot be purchased immediately through bank transfer or credit card. Users may also purchase EG by visiting the Buy Token part of the official website, which details the locations where the token can be purchased.
How to mine Elongate token
Unlike cryptocurrencies such as Bitcoin, Ether and Stellar Lumen, EG Token cannot be mined, only bought.
How to store Elongate Token
You can store Elongate tokens on some wallets. The two most commonly used wallets are TrustWallet and Metamask.
Team, Investors, and Partners
Team
Investors
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Partners
As a community built around Corporate Social Responsibility (CSR), Elongate will constantly integrate the charity aspect in all our intangible and tangible offerings and use cases.
Roadmap and Update
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Is Elongate a good investment?
ELONGATE, although being a relatively recent crypto entry, has been favorably embraced, as indicated by its rise in the crypto market. It is likely to increase rapidly in the future.
Another plus for consumers is the low price of its cryptocurrency, which is helpful for entry-level cryptocurrency investors looking to obtain a significant position. Users that purchase significant amounts of ELONGATE crypto today may be rewarded handsomely in the future.
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Conclusion
Elongate is a cryptocurrency that contributes to society, which is a significant selling point for cryptocurrencies. Users all across the world have begun to recognize its value and learn about its advantages.
Furthermore, Elongate is backed by well-known industry figures, including the man who inspired its creation, Elon Musk. With an ever-adapting set of market assessments and real-time changes to maintain sustainability, Elongate concentrates on giving utmost security and confidence.
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