ElonGate is a cryptocurrency born from a tweet by Tesla CEO Elon Musk, whose online statements often affect the cryptocurrency market. In April 2021, the token started trading on PancakeSwap. But what is ElonGate crypto, and should you invest in it? Buying Elongate involves setting up a crypto wallet, acquiring BNB, and using PancakeSwap for the transaction.
If you’re looking to invest in Elongate, follow this guide to purchase it securely. At such a low price, ElonGate may be a possible investment for future prospects and rewards from the community, especially considering its charitable endeavors. However, as the project matured, it rebranded itself. EG Token is the rebranded version of ElonGate, which maintains its focus on combining cryptocurrency with charitable impact. It still operates on the Binance Smart Chain blockchain. Always try to reduce the number of coins for selected BNB.
You cannot directly buy the Elongate crypto on Binance. However, one can easily purchase BNB on Binance and exchange it for Elongate on Pancakeswap. Binance Smart Chain is a platform that has been designed to facilitate fast and decentralized trading. It is a blockchain network that is built for running smart contract-based applications.
Elon Musk is a billionaire entrepreneur, inventor, and CEO known for his prominent role in various technology companies. Musk is renowned for his ambitious vision for the future and his frequent use of social media to communicate with the public. The crypto can only be bought with BUSD or Binance Coin (BNB). In contrast to other cryptos, it requires several different steps and accounts to purchase. EG Token has a section on its website called “Buy Token,” listing the places where it can be held. ElonGate takes advantage of the Binance Smart Chain and utilizes TrustWallet for asset exchange.
Step 1: Create and verify your Binance Account.
The National Kidney Foundation was also one of the recipients of ElonGate’s weekly donations. In its first nine weeks of operation, ElonGate donated approximately $3 million to charity. Please read the guide above for how to buy Elongate using Binance. If you need help buying Elongate, here’s a step-by-step video.
Is Elongate on Coinbase?
The deflationary nature of Elongate signifies that one cannot mine new coins. Therefore, if the coin becomes very popular, its price can rise exponentially. The ELONGATE crypto token is a BEP 20 token that is unique to the ELONGATE platform. ElonGate cryptocurrency, like Dogecoin, was born from a meme.
Step 9: Buy Elongate on Pancake Swap
Furthermore, both Android and iOS systems support the process of buying or acquiring Elongate on LBANK, Bitmart, and Pancakeswap. Cryptocurrency Haus was created with the goal of delivering informative and educational blockchain information in an easy-to-understand way for people around the world. We recommend Elongate as a coin for short-term holding. This coin has been pushed by celebrities and has garnered a lot of attention, but that doesn’t mean it is safe. We always recommend trading at your own risk and doing the research before investing in any cryptocurrency.
You will be required to verify your identity which should only take a few minutes. This step-by-step guide was created to help you learn where to buy Elongate easily. Congratulation ELonGate coin will be credited to your trust wallet within 5 minutes. Now enter the amount of BNB you want to spend for buying ELonGate coin or select ElonGate coin quantity and BNB value will be added to your wallet automatically. Just click on select cryptocurrency dropdown arrow and paste ElonGate Coin contact address. It will show you ElonGate Token just select it.
By following these steps, you can securely add Elongate to your cryptocurrency holdings. Always perform thorough How to buy elongate on trust wallet research and understand the risks involved in cryptocurrency investments. In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
- There will be 2 blocks one with your BNB balance and second with a drop down option to select cryptocurrency.
- Moreover, a significant portion of the 10% tax charged on every transaction is given away for charity.
- We shall delve into the finer aspects to buy Elongate crypto and discuss where and how it can be bought.
- All holders may benefit from the burning initiative of the EG Token, which enables them to reap the benefits of EG’s scarcity.
Can we buy Elongate crypto on Binance?
The community is passionate about charity, memes, and internet pop culture. The website claims that Elongate has raised over $1M for charity. The price of Elongate has increased by –% in the last 7 days. It has seen a –% increase in the past 24 hours and a –% increase in just the last hour. Elongate is increased –% from its all-time high of $–.
The price of Elongate is extremely low, which draws in new investors to multiply their money quickly as the token gains popularity. Elongate can be complex to purchase, so we’ve broken it down to make your Elongate purchase easy and painless. As we all know new crypto coin takes time to grow for fulfilling our dream.
Go back to the Trust Wallet app and click on DEX at the bottom of the app. Here, you will input the address that you copied from Trust Wallet. This will allow you to send your BNB from Binance to Trust Wallet. Once you have chosen your preferred way to transfer fiat to your account, you’ll simply follow the on-screen instructions and move to the next step.
Below is a breakdown of the distribution of EG Token. Action Against Hunger and The Ocean Cleanup each received a share of a combined donation of $250,000. Additionally, ElonGate pledged support to Big Green, a non-profit organization founded by Kimbal Musk and Hugo Matheson.
To bolster your interest in the world of cryptocurrencies, we are back again with a detailed article on another crypto-currency known as Elongate. We shall delve into the finer aspects to buy Elongate crypto and discuss where and how it can be bought. In comparison to other cryptocurrencies, ElonGate is difficult to purchase. It is listed on PancakeSwap, EGTRADE, EGSwap and MEXC. The 5% fee is distributed to the five wallets configured in the smart contract.
Step 5: Get the Receive Address from Trust Wallet
- Simply go to your app store, search Trust Wallet and download the app.
- This step-by-step guide was created to help you learn where to buy Elongate easily.
- Great – you’ve successfully deposited fiat into your account!
Moreover, Binance Smart Chain (BSC) runs parallel to Binance Chain (BC) and is compatible with its contemporary Ethereum Virtual Machine (EVM). ElonGate is for investors who want to make a positive difference from holding their crypto. The initiatives set up to allow good causes to benefit from holders’ costs is, without a doubt, a great achievement. With this in mind, ElonGate may be more suited to investors who take into consideration ESG (environmental, social, and governance) factors.
In a short time, it has gained immense popularity. Moreover, the entire concept of Elongate cryptocurrency started as a joke in the aftermath of a tweet made by business magnate Elon Musk. An enthusiastic fan created the cryptocurrency called ‘Elongate’ and designed its website in no time after the tweet. What started out as a lighthearted novelty quickly grew into a serious project.
Be careful about your investment in Elongate Crypto!
Click the Max button or type the desired amount of BNB you want to use. On the To option, you will need to type in Elongate. You will need to download Trust Wallet on your mobile phone. Simply go to your app store, search Trust Wallet and download the app. You will need to connect your bank account or connect a debit/credit card in order to buy Binance Coin (BNB).