The Elongate crypto has increased its worth by more than 1,000% in the first three days of launch. Obviously, people were excited to hop at this new Altcoin. The Elongate token reached approximately $0.00000004045 in it’s first week and is steadily increasing everyday in fact has hit over $100 million market cap in its second week! Although this coin is very young it is making remarkable growth and continues to soar!
The execution of the Elongate coin is a little different. In comparison to popular meme coin DogeCoin is inflationary by nature. By design. It ensures that the number of coins in circulation does not have an overall limit. Really, every minute over 10,000 Dogecoins are mined. That’s a total annual add-on of around 5.2 billion dogecoins. Demand is very unlikely to maintain this amount of production… Even with the vocal support of the likes of Snoop Dogg, Gene Simmons and Elon Musk.
The crypto Elongate has already performed multiple token burns on the other side. This is done for supply reduction and value development. So it is clear to see people take a different direction behind the Elongate crypto additionally their message is to genuinely help people by donating to charities.
‘Elongate’ For Children
To begin, let’s learn what ‘Children International’ really is. Since 1936, this company has had a non-profit status as IRS (501(c)(3). The Charity Navigator gives a pretty decent ranking to Children International for the percentage to the final recipients of donations.It is a charitable non-profit worldwide organization helping children to end the poverty loop. Health advantages including regular physical examination and treatment during disease can be seen within the organization.
After just five days of operation the Elongate community has donated $75,000 to Children’s International! Something unheard of in the first week for any crypto token and Elongate states they will continue to donate profits to charities and different programs around the world as they continue to grow. To add a couple of things; firstly, this was only one percent of transaction volume over a two week period that was done in a five day period because Elongate just got started. Additionally Elongate has blasted on social media to expect another donation for an undisclosed amount which brings major excitement to everyone supporting this coin. So far it looks like Elongate has nothing but positive things to bring to the world behind this coin. Next time it’s going to be over a two week period so the more people that engage with elongate and make investments into share holding, the faster this thing grows. One percent of transaction volume is going to be looking a lot different next time, says the Elongate team.
What Actually Is Elongate Crypto?
The brand new crypto Elongate seems to have begun with a joke. After well known Entrepreneur Elon Musk Tweeted “If there is ever a scandal about me, *Please* call it Elongate” It is hard to determine if Elon Musk himself will back this coin, but we are confident that this altcoin has incredible potential to “go to the moon” considering the astronomical numbers they have done in the first two weeks of its launch.
While everyone is waiting for Elongate crypto to appear on the official white paper. The next blockchain is expected to occur in phase two. The subject of this coin on philanthropy is fascinating. The UN WFP, Action Against Hunger and the Big Green Corporation are scheduled to receive sponsorship. This initiative is linked to an NFT sector where 80% of the revenues are paid for charities. There are great plans for a coin that was largely made out of a joke. Elongate plans in the near future also to build its own NFT launch pad.
These are fairly hectic plans for a team from outside that looks thin. Scalability would be complicated when all the other plans the elongated crypto wants to accomplish are tried to juggle.
Should you Invest in Elongate?
If you have invested in any crypto and Alt coins for the simple fact that the numbers Elongate has produced in its first few days of launch is mind blowing. Not to mention in only two weeks time has an astounding 55k shareholders and that number is skyrocketing everyday consistently. Lets review their core values as listed in their official whitepaper and what Elongate plans to do. (This is not financial advice)
Charity
We can make a real impact for the greater good, not just ourselves. By donating to charity, we remind ourselves of our duty to make this world a better place for everyone.
Community
Founded by the community and for the community, we take pride in our collective mission. We support each other and other communities, and we have fun doing it.
Clarity
We share transparent information with each other and the community. We are organized, cohesive, and all push in the same direction.
Sustainability
The future is coming, and we’re ready for it. We make every decision with consideration for its ripple effects, and we are committed to a long-term vision.
So in summary if the Elongate team stands strong behind their mission they literally separate themselves as a community coin for the people which is extremely powerful and no other coin to date has anything like this. Giving back to charities on a global level needs to be recognized and being a part of that movement for a buy in on the ground floor only comes around once in a lifetime. With celebrities and influencers on social media tweeting and posting about this new token it’s really hard not to anticipate this being the next big coin that could be profitable to many many shareholders in the future.
With this cheap cryptocurrency, some will say it’s too early and too risky, but statistics show without question astronomical record breaking growth. You don’t want to sit around and watch what this coin does when you can make an investment at a very low rate on something groundbreaking. Look at the facts on how exponential Elongate has been moving since it’s initial launch less than two weeks old. (Again this isn’t financial advice) For more information on Elongate visit their official website at https://www.elongate.cc/ and follow them on instagram @elongate.cc