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In March, Tesla owner Elon Musk jokingly requested in a tweet that if there ever is a scandal about him, it should be named ‘Elongate’. He was, of course, referring to the massive Watergate controversy that took place under US President Richard Nixon in the 1970s.
Cut to a month later, Elongate is now a cryptocurrency trading on the blockchain platform of the world’s largest crypto exchange, Binance.
The crypto-developer claims that they have pledged around US$ 1 million to various charities and that it donates 10 per cent of its transaction fee to charities.
Important Aspects About Elongate:
- Elongate exercises the potential of memes and social media culture to transform charitable funding.
- Under its corporate social responsibility, the tweet-based coin expects to support the UN World Food Programme, Action Against Hunger, and the Big Green Organization.
- This token is available on Binance’s crypto exchange, CoinMarketCap, and CoinGecko where virtual currencies traders can buy and sell Elongate through online transactions.
- Elongate’s website will also provide a Non-Fungible Token (NFT) launchpad platform, which will allow digital artists to participate in auctions and competitions.
A Glance At Elongate Coin’s Performance
Elongate appears to be following the league of the largest meme crypto ‘Dogecoin’. It is currently trading at U$ 0.00000085 per token, up 962.5 per cent against its one-month low of US$ 0.00000008.
Elongate’s last one-day volume stands at US$ 45.44 million, up 387.16 per cent, as per the data available on CoinMarketCap (10:45AM EST, April 22). The token was down almost 18 per cent on Thursday.
Source: Pixabay.com
Elongate’s market cap is not available as the project developers do not furnish the requisite data. It has declined by nearly 22 per cent, compared with the all-time high stands at US$ 0.00000109 apiece.
The coin approximately has 100,000 holders across its community, as per Elongate’s website. The project team has raised more than US$ 1 million for charity.
