The emergence of cryptocurrencies coins in the world has increased its influence on usage by people. Constant mining and upcoming cryptocurrencies have shaken the finance market by storm.
Global investors’ are considering joining and are using it as an investment channel leading to the creation of a system called the blockchain. It is unique to the traditional way of doing things in the financial market.
The blockchain is the type of system where information is recorded in such a way it is hard to cheat, alter or hack into.
It’s a transactional ledger that is distributed and duplicated across the entire computer network on the blockchain. This is the backbone of all cryptocurrencies.
The best known so far is Bitcoin invented by Satoshi Nakamoto, implementing the first blockchain. Others have sprung up in recent years as Dogecoin, Ethereum, Litecoin, Ripple, and 10,000 others running on a blockchain.
Origin of Elongate Company
Elongate crypto was created to operate on Binance Smart Chain (BSC), which shows its focus on social aspirations. The origin company started in July 2021 as a tweet, which trades on PancakeSwap.
Elongate is rather an aid token that rewards holders with a stake of transactional fees and uses it as a donation on social causes such as humanitarian assistance and climate preservation. 10% of the tokens after trading are used as rewards to holders’ ownership and for their philanthropic activities.
A system protocol automatically splits the fee, 50% get held up in an auto-lock market maker known as PancakeSwap Liquidity Pool (LP) and a decentralized finance (Defi) application. A combination of rewards and philanthropy.
Elongate’s own mission is to “grip blockchain technologies and society approach, creating social consciousness and defying the status quo by making profits linked to good social impact.”
Notable NGOs like Action against Hunger (AAH), Human Relief Foundation, and Children International, among others, have benefitted from a whopping $3.25 million raised. Elongate is deflationary, meaning no new coins will be mined after the 1 quadrillion limit.
Usage of Elongate
Elongate-crypto, in essence, is used by investors who would like to make an impact on society by owning crypto. The cost to benefit is helpful to those investors who take ESG (environmental, social, and governance) factors as their list of importance.
Investors are employing their non-financial factors to ESG as part of their analytic mindset to identify growth opportunities and material risks involved.
The founding principal values are aid, society, intelligibility, and sustainable projects. In that order, charity makes a substantial impact through donations set aside from the holder’s share.
Serving the community as a joint mission established by the group for their assistance. These donations enlisted address world hunger, currently assisting COVID-19 pandemic relief projects and assisting environmental cleanups.
In addition, the follow-ups and posting of such usage are available to investors as they see the benefits of their trading as a give-back initiative. This checks the transparency nature of the blockchain.
In addition, elongate-crypto is into game development which integrates with the token. Collectible NFT is launched with gaming products that provide many access points across.
The ever-expanding NFT purchased with BNB and the elongate will soon be incorporated as payment measurers. Implying that donations and NFT transfers made and collected will be visible to the community.
Ways That Elongate Work
The official website elongate.cc is well built with a great user interface. This serves as a point of communication between rewards and users, thus providing the most updated information about the token generated.
The interface includes the token swap app, milestones updates, current news, community forums, social impacts, and many more.
Other than an official website, a mobile app known as Elongate Spark with instant access to the elongate-crypto ecosystem.
Users have a chance to like and also share impacting social causes; this speeds up the fundraising campaigns, tracking digital wallet funds, communicating with other investors and supporters in various chapters posted worldwide.
Elongate crypto centers the ecosystem, giving a revolutionary reason that enables the acts of rewards and giving. Tokens are shared with the social aspects of the user to benefit the ESG agenda.
In addition to its social aspects, investors meet their philanthropic urges. The elongate crypto being well accommodated among other cryptocurrencies shows potential market growth in the crypto.
Predictions allocate even more room for improvement in the future because of their unique nature. It is a plus for the users that are searching for low pricing, which is advantageous for beginners-level cryptocurrency for investors whose gain is major holdings—a promising good reward in the future.
Other cryptocurrencies that show concern for a society like elongate are SavePlanetEarth (SPE), Aquari, and SeaChain (SEA).
The focus is on developing enhanced green cover with academic backing with a strategic partnership, restoration of earth water bodies for sustained healthy living for planet creatures, and lastly, combatting ocean pollution through strategic cleanups and recycling in that order.
Final Remarks
Elongate cryptocurrency is a major sale in the crypto world that gives back to society. Investors are recognizing its value and discovering various features that meet their needs.
Support is high from the people who inspired its creation, such as the world billionaire Elon Musk. Its major focus is on ensuring the delivery of absolute security, showcasing trust with constantly changing market analyses and updated adjustments that ensure sustainability.
Its future is bright considering its already felt impact on climate and humanitarian relief programs. Certainly, elongate cryptocurrency has a future, and it’s here to level the playing field.
Also, don’t miss our article about the best Crypto exchanges.
