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What is Elongate?
If there is ever a controversy involving me, please name it Elongate, tweeted Elon Musk, the phrase “Elongate” was first used as a meme. the blockchain project has now emerged. Elon Musk, though, made a hilarious joke at the Watergate incident in a tweet that was referencing it. The initiative will concentrate on good deeds with the goal of improving the world, and money from the project will be used to support charitable organisations, donations, and community gateways.
The project will work with the meme community to raise awareness of the global hunger problem. However, as few of them are currently in the conversation, only individuals and already-existing philanthropic organisations will join the initiative. As a result, it will not only raise awareness about blockchain technology but also impart knowledge about the cryptocurrency industry.
To enter the digital realm of cash, extend ultimately construct a bridge between charity endeavours in the actual world. The initiative quickly connected with the NFT marketplace, where roughly 80% of profits would go to charity. NFT holders will also be eligible to participate in platform-mandated uncommon giveaways. However, all charitable contributions will be visible and trackable for owners of Elongate tokens.
|Charity & meme
ElonGate Token Price Analysis
The Binance smart chain-based ELON-GATE coin is based on the BEP20 token standard (BSC). Pancakeswap now offers ElonGate, where users can exchange ELON-GATE Token for BNB, BUSD, and other currencies. Token utilities, however, will adhere to three principles: earn, burn, and charity. Every transaction in the Earn programme is subject to a 10% tax, with 5% of that tax going to the community of token holders. Elon-Gate has already been listed on CMC and Coingecko, and according to the chart, it moves in a stair-like pattern after having risen from $0.000000082 to 0.00000026 USD. In just 10 days, Elon-gate ROI has already exceeded 200%, and if the current trend holds, early investors will have profited 10 times the listing price.
The crypto community is presently paying close attention to ElonGate, which currently ranks as the most viewed page on the CoinGecko and CoinMarketCap platforms. As was previously noted, it all began with an Elon Musk meme, so we know that the name alone suffices. Elon Musk is not involved in the project, hence the use of his name in the project’s name is purely fictitious. While this initiative is not particularly large conceptually, it is evident that it is intended to aid those in need. We are aware that the blockchain project is booming and that many people are making significant profits from various cryptocurrencies. Therefore, the notion of charitable giving is a fantastic method to expose blockchain technology to everyone. Despite the fact that the team has already placed verified profiles on the platform, we recommend advise doing your own research before investing.
Will ElonGate Token hit $0.1?
Community members established a main objective of $0.1 because it is visually appealing, but their approach and future developments can aid Elongate in achieving this achievement.