Cryptocurrencies make remittances/payments feasible when there are local government or across-the-border restrictions. Nearly 20% of all U.S. adults say they’re likely to make a purchase using crypto, according to a recent report by PYMNTS.com. Most freelancers prefer to be paid in crypto rather than using your bank, PayPal, or Payoneer (that’s a fact!). Whether it’s more convenient or lucrative, consider the risks and the particular characteristics of cryptocurrencies to convert fiat. Wisdom is applying lessons learned by others rather than going through all the pain and losses.
Let’s take a look at one altcoin which has fascinated other crypto enthusiasts and how to buy Elongate cryptocurrency.
ELONGATE to USD price today (14 May 2022) is $1.50e-8 USD with a 24-hour trading volume of $17,294.80 USD.ELONGATE is up 10.80% in the last 24 hours. The current CoinMarketCap ranking is #5158, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000,000,000 ELONGATE coins.
What is Elongate cryptocurrency?
Elongate is a social media platform that rewards users for positive engagement. Elongate delivers value for creators, charities, and corporations. Funds collected from NFT sales, transaction fees, and adverts are distributed monthly to users. The rewards are distributed in proportion to engagement on the platform. The rewards are in the form of spark tokens, users who hold Elongate crypto multiply their Spark earnings (trade elongated). Social media Defi allows users to sell a stake of their profile when they get over 1000 followers, opening a new way for content creators to build value.
Elongate is a BEP 20 token built on Binance smart chain. It has a supply of about 500T with an equal amount burnt to date. The elongate crypto token address is 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385.
Elongate is social media for social impact. With only six months since launch, it has a community of over 400,000 users and has raised above $3.5M for charity and social impact.
Its features include:
Crypto lightning exchange integrated into salesforce where clients can easily exchange value through tokensStretch streaming platform focuses on intriguing content with positive social impact.Social Impact Management Platform (SIMP), is a platform showcasing the positive social impact and not just Elongate charity.Elongate sparks a social media platform that rewards content creators, users, and marketers.Elongate.cc communication platform that manages all the other features.Gaming and NFTs that integrate and provide more utility for Elongate cryptocurrency.
Pancake swap is a decentralized exchange built on the Binance smart chain. Transactions can be tracked on Bnb block explorer. Binance token Uniswap is significantly cheaper than Ethereum’s Uniswap.
Where to buy Elongate crypto
You can purchase elongate on these exchanges:
Elongateswap, Elongate native DEX that you can swap for BNB and BUSD.Pancakeswap is the top preferred Binance chain tokens DEX.Mexcglobal launched in 2018, is a high-performance, centralized exchange.Lbank was founded in 2016 and had more than 6.2 million users with coverage in over 210 countries.Bitmart ranks as one of the top 20 cryptocurrency exchanges globally by trading volume.
When you buy $1000 of Elongate tokens on Elongateswap, $50 is sent to the community, token burn, $30 to the charity pool, and $20 is sent to the liquidity pool.
How to buy Elongate on Pancakeswap in five steps
To buy elongate crypto on Pancake swap, you need a Metamask wallet and BNB tokens.
Step 1: Metamask Wallet Set up
Download the Metamask extension on google chromeOpen the metamask attachment.Change network from Ethereum mainnet to ‘custom RPC.’
Select custom RPC and enter BNB Smart Chain credentials:
Network name: BNB Smart Chain New RPC URL: https://bsc-dataseed.binance.org/ ChainID: 56 Symbol: BNB BNB Block Explorer: https://bscscan.com.
Next, you add Elongate on metamask
On the Metamask homepage, click ‘Import tokens.’
Click ‘custom token’ then enter these Elongate details Token Contract Address: 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385 Token Symbol: ELONGATE Decimals of Precision: 9Click ‘Import.’
Step 2: Deposit BNB into Metamask
You will need BNB to swap for Elongate on Pancakeswap’s exchange. Some exchanges where you can purchase BNB are Gate.io, Binance, and FTX.
Buy BNB tokens on Binance.Withdraw the BNB tokens to your metamask wallet. Binance exchange charges a 0.0005 BNB withdrawal fee of about $0.2.The transaction takes about 5 minutes
Step 3: Swap BNB tokens for Elongate on Pancakeswap
On your PC, visit the Pancakeswap exchange.Select ‘Binance smart chain’ on the metamask extension.On Pancake, swap click ‘Connect wallet.A pop-up will ask you to select your wallet, click ‘Metamask,’ ‘next,’ then ‘connect.’Visit the pancake swap page. Select ‘cake’, and on the search box, paste Elongate token address 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385.Click ‘Import’Under settings, set slippage at 12%. You might have to set the max slippage percentage directly to fill your order.Enter the amount of BNB you would like to swap for Elongate.
Click ‘Swap,’ then ‘Confirm swap.’On the metamask pop, sign up for the transaction by clicking ‘Confirm.’You should then receive a ‘Transaction submitted’ message.
Buying Elongate using Android/ iOS
Buying Elongate on Android and iOS is relatively the same. We will cover the process in three basic steps.
Requirements include Metamask wallet from the app store and BNB tokens.
Step 1: Metamask Wallet Set up
Click ‘options’ on the top left corner of the Metamask app on your mobile.Scroll down and click ‘settings.’Select the ‘Networks’ tab, then click, ‘Add Network.’
Networks available for Elongate
Input these details. Network name: BNB Smart Chain New RPC URL: https://bsc-dataseed.binance.org/ ChainID: 56 Symbol: BNB BNB Block Explorer: https://bscscan.com
Next, you add Elongate on Metamask
On the Metamask homepage, click ‘Import tokens.’Click ‘custom token’ then enter these Elongate details Token Contract Address: 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385 Token Symbol: ELONGATE Decimals of Precision: 9Click ‘Import.’
Step 3: Swap BNB tokens for Elongate on Pancakeswap
On your mobile, visit the Pancakeswap exchange.Select ‘Binance Smart Chain’ on the Metamask extension.On Pancake, swap click ‘Connect wallet.A pop-up will ask you to select your wallet, click ‘Metamask,’ ‘next,’ then ‘Connect.’Visit the Pancakeswap page. Select ‘cake’, and on the search box, paste Elongate token address 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385.Click ‘Import’Under settings, set slippage at 12%. You might have to set the max slippage percentage directly to fill your order.Enter the amount of BNB you would like to swap for Elongate.
Click ‘Swap,’ then ‘Confirm swap.’On the Metamask, pop signs up for the transaction by clicking ‘Confirm.’You should then receive a ‘Transaction submitted’ message.
Advantages of buying Elongate
Elongate multiplies Spark token monthly payouts.Elongate is a deflationary token; token burns increase its value due to dropping supply.Elongate offers real-life positive social impacts such as charities.It is environmentally safe and leverages Binance’s proof of stake consensus algorithm.Community charity lies at the core of the token, with 70% of fees set for charity.Elongate has a solid community of over 400,000 active users in only six months since its launch.You can stake Elongate tokens on the elongate website for monthly returns.The token’s low price gives it a lot of growth potential; it’s easier for its value to double or triple compared to expensive coins like Bitcoin and Ethereum.Low barrier entry, no AML/ KYC requirements.Elongate push for positive social impact gives it competitive advantages over its competitors.
Risks of Buying Elongate
It has a low market capitalization, making it vulnerable to market manipulation.High slippage rates on decentralized exchanges.It is not listed on top-tier cryptocurrency exchanges, which translates to high market participation.Trading volatile investments like crypto are risky, noting they operate in a highly unregulated space.When you lose your seed phrase, you can’t recover your account.Stiff competition from other cryptos like Steem and Kin has over 15 Million active users.Very high slippage rates due to low liquidity.
Should you buy Elongate?
Elongate is a newly introduced cryptocurrency. It has had a good start since its launch. It has exhibited real-world utility over the short period with partners like Action against hunger, Human Relief Foundation, National kidney foundation, and mother earth foundation. Elongate is a deflationary token, meaning its value will increase over time. It has plans to soon list in top-tier cryptocurrency exchanges.
Elongate is an excellent investment to make for the long term, looking at these factors. Cryptocurrency investments should, however, compose only a small percentage of your portfolio as they carry high financial risk.
FAQs about Elongate
When was Elongate founded?
Elongate was founded in 2021 with a mission to make a socially positive impact profitable.
What are the three pillars of Elongate?
The three pillars of Elongate are IGNITE social change, BUILD transparency and EMPOWER positive, sustainable change.
What is the total supply of Elongate?
Elongate has an unlimited supply of 1 quadrillion.
What is Gator Gang?
Gator gang is a collection of 8,888 nonfungible tokens that grant exclusive access to the Elongate ecosystem.
Who is the COO of Elongate?
Hasan Aziz is the COO of Elongate.
Which other wallet can I hold, Elongate?
Elongate is a BEP 20 that can be held on an external crypto wallet like Metamask, ledger, and Trust wallet. You can download Trust wallet on pc, iOS, and Android.
What is the market capitalization of Elongate?
Elongate price is volatile and has a market capitalization of $9,842,512 at writing.