How Elongate aims for philanthropy

Being philanthropic allows individuals to be compassionate and understand the turmoil of the needy and underprivileged. Cryptocurrency and blockchain in their entirety were not well-received when they entered the market at the start. As significant time has passed, it has gone to a level where no single person could challenge its power and standing. It proved as a positive investment for stakeholders and buyers.

Elongate is a Swiss social impact startup and cryptocurrency. It is a frictionless yield and liquidity generation token, where a 10% transaction fee rewards holders. Elongate donates significant sums to charity and aims to bridge the gap between those who need help with access to aid.

A DIGITAL CURRENCY THAT SPEAKS FOR THE UNDERPRIVILEGED

"You have not lived today until you have done something for someone who can never repay you." ― John Bunyan

As cryptocurrency was introduced to the world, it was taken as a non-serious commodity, and people could not accept that currency could be digital. Cryptocurrency was never given the attention it deserved compared to other pioneering concepts, and it was projected to fade in the background. As a significant amount of time passed, the world began to study cryptocurrency closely and understood that cryptocurrency was a winning investment. Steadily, the positive impact and actual value of cryptocurrency began to shine through. The standing and worth of cryptocurrency have been reaching newer heights. Cryptocurrency became a brilliant investment due to its innovative and creative elements. The top and famous cryptocurrency, such as Bitcoin, has made a solid standing in the economy and is here to stay.

Cryptocurrency eventually conquered the stock market and has made its place in being a critical asset for any stockholder or broker. Cryptocurrency has risen from being just a mere concept to a full-fledged digital currency. Elongate is a cryptocurrency venture that began as a satire of Elon Musk's tweet highlighting the Watergate Scandal. It is not associated with investor Elon Musk but was fashioned to fill the gap between cryptocurrency and charity. It has since elevated into a dynamic community that proposes to utilize the influence and power of meme culture to increase responsiveness to poverty and fight world hunger.

WIDENING THE HORIZONS

"Every man must decide whether he will walk in the light of creative altruism or in the darkness of destructive selfishness." ― Martin Luther King, Jr

The financial world and stockholders have reaped the benefits of cryptocurrency, but it still limits the way it can be accessed. The chief element that uplifts any currency is that it accommodates everyone from each corner of the world. Elongate was created to recognize this loophole and fight this setback. Elongate was introduced to the crypto market on July 23rd, 2021, and was created in Switzerland. The influential individuals who began Elongate shared a mutual interest in serving the underprivileged across the globe as well as aiding the leaders of the financial leaders.

Elongate transformed the method of serving the ones who were helpless and gave the charity a new pathway to shine. The key element that sets apart Elongate is that it aids to give power to philanthropic establishments in benefiting those who are not gifted with wealth, comfort and health. It uses the operation charges to demonstrate the positive elements to the buyers while assembling generous contributions to numerous key philanthropic issues. Elongate has changed the game of how poverty and world hunger can be diminished and completely erased from the world.

STARTING A MOVEMENT TO BRING SOCIAL IMPACT

"No one has ever become poor by giving." ― Anne Frank

The architects of cryptocurrency were concerned about the kind of tasks it could achieve. After conducting thorough market research. Elongate initiated a process where stockholders and brokers could garner returns from their crypto. The world is cruel, and there is a lack of compassion for all those who cannot afford a privileged lifestyle. Individuals who cannot afford food or education, or shelter need assistance. With the launch of Elongate, supporters and alliances of those in need now have an outlet that can allow them to support the needy. Elongate is a BEP20 deflationary token issued on the Binance Smart Chain. The company has vowed to give 80% of its profits to charity.  

Elongate has by now collected over 3.25 million US dollars for several philanthropic establishments. Some of the more prominent organizations that Elongate has looked after are the Human Relief Foundation, Children International and Action Against Hunger. Elongate has been phenomenal in showcasing and utilizing all its resources to help all those in need. It was established to give a hopeful message around the globe through the influence of cryptocurrency. Its development of charitable organizations in the initial time since its introduction in the market is evidence of its importance and benefits. The upcoming generation can study Elongate and learn a lot from its vision and goals.