Is Elongate a Good Coin To Invest or a Shitcoin
What is Elongate Crypto Coin
The project is connected to an NFT marketplace, which will donate 80% of its profits to charity. Elongate is all about combining meme community building with positive works by the force of the people.
ElonGate started as a hashtag, sparked by a viral tweet from our favorite billionaire at the forefront of the cryptocurrency revolution. Following our founding, events resulted in the creation of a city with a population of 25,000 people, which is continuously increasing.
The global pandemic has compelled the world to adopt digital projects in a parabolic trajectory by 2021.
Today, ElonGate aspires to take advantage of our ability to focus on ourselves and turn that reflection through charitable actions that will help make the world a better place. Corporate social responsibility is an important part of ElonGate’s branding, which is based on the ElonGate token ecosystem.
As a result, a diverse group of people have gathered behind us, including social media influencers, private donors looking to fund their favorite causes, and even a letter from the New York Times.
Was Elon Musk The Creator of Elongate Crypto
There is no evidence that Elon Musk is the brains behind the Elongate Crypto Project. As a result, Elon Musk is well-known as a cryptocurrency enthusiast. However, as mentioned in the Elongate Token whitepaper, Elon Musk is currently unrelated to the Elongate Crypto project.
Is Elongate Crypto Coin A Good or Shit Investment?
This is not a yes-or-no question; cryptocurrency investments are therefore unpredictable; a shitcoin today might become the people’s coin in a few years. Investing in cryptocurrencies carries a high level of danger.
By investing, you are putting your money at risk, so please be cautious and prudent. Investing, no matter how many platforms you use, is still a risky business, so never put your life savings into it.
The only money you know you won’t need in the near future. Just invest money that you can afford to lose.
ElonGate Crypto ($ElonGate) is a BEP20 token with a total fixed supply of 1 Quadrillion (1015) tokens distributed on the Binance Smart Chain.
ElonGate was conceived as a charitable token and went through a pre-sale campaign hosted by DxSale, a decentralized, cross-chain token management platform as a service.
ElonGate’s initial token liquidity pool has also been locked under DxSale’s DeFi Launch Certified Liquidity Locker, ensuring the safety and security of our investor group.
Elongate Token Extraction:
The burn process has been implemented as part of a 14-day manual extraction process in the best interests of the environment. In certain situations, the burning method raises the floor price. Burn has been integrated into a charity-burn scheme in ElonGate. The following is the initial algorithm:
Over the course of a two-week period, 60% of newly acquired LP Tokens (the 5% fee) will be deducted from the PancakeSwap Liquidity Pool: half will be BNB and half will be ElonGate. These tokens will be allocated to their overarching projects in public and open wallets that will be vetted by the group as we progress.
This is their new strategy for enforcing ElonGate’s tokenomics.
This is their new solution to ElonGate’s tokenomics in order to ensure that they can run indefinitely. A continuous evaluation program will be implemented in the future, and the entire community will be active in decision-making. They also have a wallet set up to store funds for manual buybacks: up to 20% of the BNB extracted in a period can be returned to the pool to maintain safe liquidity. Adaptability is a critical security measure that the team adheres to in order to position ElonGate for long-term viability and development.
Of the extracted BNB:
- 67% – Charity
- 20% – Marketing fund
- 13% – Business & Logistics fund
- Of the extracted ElonGate:
- 67% – Burn
- 33% – Community Giveaways
To put it another way, 1% of the total transaction volume over the two-week period will be donated to charity, with an equal amount being burned.
Where to Buy Elongate Crypto
You can buy Elongate crypto from Pancakeswap.finance
What is PancakeSwap
PancakeSwap is a Binance Smart Chain-based Decentralized Exchange (DEX) where BEP-20 tokens can be swapped. PancakeSwap’s group will trade their BNB for ElonGate in order to help with ElonGate’s initial public offering. ElonGate will be listed on major exchanges in the near future, using a cautious strategy.
Token Details for Elongate
- Elongate token contract address: 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385
- Total Supply: 1,000,000,000,000,000 ElonGate
- Decimals: 9
- Holders: 38,559 addresses
- Transaction: 105,986
The token’s utility can be summarized into 3 fundamentals: earn, burn (through token extraction), and charity. We will further simplify the elongate token utility below.
Here are some additional details:
ElonGate crypto’s earning potential is bolstered by a ten percent levy on outgoing transactions. 5% of the tax is redistributed to the population in proportion to the number of tokens they own.
This system motivates their group of holders to help ElonGate in order to make it a long-term movement. Here are some additional details:
The group of holders receives 5% of the levy, equal to the number of ElonGate tokens they own.
The remaining 5% is returned to the PancakeSwap Liquidity Pool as liquidity provider tokens (LP). 60 percent of newly acquired LP tokens will be deducted from the liquidity pool on a biweekly basis, with the rest of the proceeds going to their preferred charities.
The ElonGate crypto ecosystem is unique in that it offers a common goodwill commitment to the speculative essence of cryptocurrency trading – all incoming and outgoing transactions represent ElonGate’s charitable cause.
An outgoing transaction, for example, contributes to the liquidity pool, from which tokens are deducted and appropriated as proceeds to our charities of choice.
The ElonGate NFT Launchpad
Non-fungible Tokens (NFTs) have taken the planet by storm in recent months. In a nutshell, NFTs are digital works of art that have been tokenized on the blockchain. ElonGate’s group NFT Launchpad is an integral offering that we’ve been building since the company’s inception.
The ElonGate NFT Launchpad is a network exchange based on the ElonGate ecosystem that enables the tokenization of multimedia art and the trading and ownership of these assets by their group.
This gives the ElonGate token not only a utility but also a redeemable aspect. Charity is well incorporated into ElonGate’s crypto-collectible network, as it is with all of their offerings.
The team is proud to announce that 80 percent of NFT Launchpad profits will be donated to charity, a promise they will always keep.
Our NFT Launchpad will promote the use of BNB and ElonGate, ensuring low gas fees for our community. A value-added feature representing the earning element of their token has been introduced to represent their three fundamentals – NFT holders within their ElonGate ecosystem are entered into their NFT rare giveaways.
This allows the Elongate Token NFT group to own NFTs of various rarities, which are backed by a predetermined supply and distribution mechanism.
Thats all on “Is Elongate a Good Coin To Invest or a Shitcoin” also remeber to DYOR (DO YOUR OWN RESEARCH)