ElonGate crypto coin is a Binance Smart Chain-based token that is driving a social impact movement. With a 10% transaction fee, cardholders are rewarded and significant amounts are donated to philanthropic activities.
The team behind ElonGate crypto coin is working on building a social impact ecosystem to revolutionize how blockchain technology can be used to create a positive impact on society. Continue reading the article: What is ElonGate crypto coin, where and how to buy, is it a good investment?
What is ElonGate crypto coin?
ElonGate crypto coin is a crypto token built on the Binance Smart Chain platform, aiming to create significant social impact. Through the transaction fee collected by trading ELONGATE tokens, 10% is reserved to reward holders and donate to philanthropic activities. The protocol automatically splits the fee, directing 50% to all token holders and the other 50% is automatically locked into the PancakeSwap’s Liquidity Pool (LP).
PancakeSwap is an Automated Market Maker (AMM) and Decentralized Finance App (DeFi), which provides liquidity through farming and earning fees in exchange for tokens. Every 14 days, funds are collected and donated to a charity chosen by the community.
ElonGate crypto coin was officially established as a company in July 2021 and is led by a leadership board, which includes COO Hasan Aziz and Chief Brand Officer Alexander Gambon. The ELONGATE token can be traded on the PancakeSwap platform. The emergence of ELONGATE has a similar history to the Dogecoin token (DOGE) as both originated from memes. In fact, the creation of the ElonGate crypto coin dates back to a tweet by Elon Musk, in March 2021, which read: “If there is a scandal about me, please call it Elongate.”
What are ElonGate crypto coin products?
The ElonGate crypto coin project offers several innovative products and solutions in the world of cryptocurrencies. Among them, the following stand out:
Salesforce Crypto Lightening Exchange
Platform-native, fully non-custodial wallet management built on the world’s largest CRM platform, Salesforce. Easily manage your on-chain enterprise cryptocurrency wallets from the wallet management dashboard while powerfully expanding DEFI use cases across your organization.
BurnParty
Burn.Party, a decentralized multi-chain token burning platform, is integrated with Chainlink Keepers and available on Binance Smart Chain and Ethereum mainnets. The app leverages Chainlink Keepers to help safely and cost-effectively automate the Token Burn Party closing and delivery of all tokens pledged to a given project’s officially registered dead wallet.
As a result, community members can be assured that when a burning party ends successfully, their voluntarily pledged tokens will be sent to the dead wallet without any intervention from the Burn.Party platform or any third party.
For every successful Burn Party that results in a Token Burn, a meal for each contributor at that Burn Party is donated via ShareTheMeal, or a food drive is run using ELONGATE’s vast network of volunteers.
eg swap
Exchange BNB/BUSD and any other supported partner tokens directly for the EG token. The platform supports onramp cryptocurrency functionality and allows users to purchase BNB with a credit card and exchange it directly to EG token in a simple 2-step process. Available for desktop and also optimized for Android and iPhone users.
Gator Gang NFT
Gator Gang NFT is a diverse collection of unique characters and their EG Community membership card. Get exclusive access and earn daily income betting on Gators.
EG’s NFT collection offers holders many perks, which include access to exclusive Discord features, badges and channels, in-app Spark future earnings multiplier, and early access and testing of future technology products.
Gator Gang NFT Staking Platform: It is a bespoke NFT Staking platform built by EG where holders can earn an exclusive share of community revenue just by keeping Gators. Legendaries and collecting all squads will unlock multipliers.
How does ElonGate crypto coin work and what makes it unique?
ElonGate crypto coin works with a social purpose. It was created to promote social awareness and challenge the status quo, linking profitability with positive social impact. The token offers rewards to community members based on the number of ELONGATE tokens they own.
Additionally, 50% of each transaction fee goes into PancakeSwap’s Liquidity Pool (LP) and the other half is used to support charities. Each week, 60% of the accumulated tokens are distributed to various NGOs such as Children International, Action Against Hunger and the Human Relief Foundation.
These actions have led to a significant increase in interest in ELONGATE and as a result, the cryptocurrency has raised $3,25 million to date. Furthermore, ELONGATE is deflationary, meaning that no new coins can be mined after the 1 quadrillion threshold is reached. If ELONGATE continues to grow in popularity, it could have significant potential for a price increase.
Mobile app: ELONGATE Spark
ELONGATE Spark is a mobile app that gives users instant access to the ELONGATE ecosystem. In addition to allowing interaction with causes of social impact, the application also accelerates fundraising campaigns, makes it possible to track funds through a digital wallet and facilitates communication with other supporters in chapters around the world.
All of this takes place around the ELONGATE cryptocurrency, which is the epicenter of the ecosystem and drives a revolution that unites financial gains (rewarding token holders) and positive social impact through donations.
What are the use cases of ElonGate crypto coin?
The ElonGate crypto coin is widely used by investors looking to make a positive impact on society by holding cryptocurrencies. Its unique configuration leverages holders’ costs to benefit significant causes, making it especially suitable for investors who consider ESG (environmental, social and governance) factors in their analysis. Increasingly, investors consider these non-financial factors to identify growth opportunities and material risks.
The core values of ElonGate crypto coin are founded on four principles: charity, community, clarity and sustainability. The charity has a tangible, positive impact, helping to donate to the greater good. ELONGATE serves the community as a collective mission, founded and maintained by the community itself. Donations raised by ELONGATE are aimed at fighting hunger, supporting COVID-19 relief projects and helping to preserve the environment.
Furthermore, ElonGate crypto coin also develops mobile games that integrate seamlessly with the token. Exclusive collectible NFTs are released to integrate with gaming products and provide multiple entry points. These NFTs can be purchased with BNB, and soon the ELONGATE token will also be integrated as a payment mechanism. All donations and NFT transfers are visible to the entire community, promoting transparency and accountability.
ElonGate crypto coin: TCG World
TCG World is the largest open world Metaverse NFT platform with a massive size of 800 km^2 and 100.000 land plots for sale. This PC game that was released in 2022 is an immersive user-created world with an emerging in-game economy, art scene, and creature collection and battle. TCGWorld’s partnerships are growing rapidly, having also secured exclusive deals with Sportemon Go and Wall Street Bets.
ELONGATE will have a plot of land measuring 256m x 256m in the Floresta region, close to the city’s central hub. After the game launches, there will be limited and exclusive Elongator avatars for sale, as well as Elongator creatures to collect, train and battle. All of these in-game experiences and items will be tokenized as NFTs on the TCGWorld Marketplace.
ELONGATE Token
The ELONGATE cryptocurrency was launched on March 25, 2021 with 1 quadrillion tokens. Around 412 trillion tokens were burned at creation and over 24 trillion have been burned since then. The team burns tokens weekly on an ongoing basis.
The ELONGATE token aims to provide maximum security and trust with an ever-adapting set of market analytics and real-time adjustments to ensure sustainability. The smart contract has passed a Certik audit and the open source contract is available on BSCScan. The team has blocked over 80% of the liquidity and no wallet has more than 1% of the supply.
Final Word
O STRETCH has stood out in the cryptocurrency market, offering a unique proposal to give back to society, which has drawn the attention of users. In addition, it has the support of important industry personalities, including its inspirer, Elon Musk.
The ElonGate crypto coin offers maximum security and confidence, with a constantly adapting market analysis team and real-time adjustments to ensure sustainability. With ElonGate crypto coin’s commitment to supporting various foundations, the future of the token certainly looks promising. However, it is important to remember that cryptocurrency investments always involve risk, and it is essential to carry out your own research before making any investment decisions.
