October 6, 2022
elongate crypto

All About Elongate crypto? Should you Invest in it.

What is Elongate crypto?

Elongate crypto is a cryptocurrency that aims to be the next-generation cryptocurrency. This currency has been designed with a focus on usability and user experience, aiming to be used by everyone – including the unbanked. 

Elongate crypto was started from a joke, but this has since become a serious and promising project. Some exchanges support the currency, with Waves being one of them. Waves is a platform that allows users to make their blockchain and their tokens.

Elongate crypto is looking to be one of the most versatile cryptos on the market. It was designed with the premise in mind that it should provide value to any company or organization, major or minor, anywhere on Earth.

 

How does Elongate crypto work?

Elongate crypto was designed to be a proof-of-concept, in an attempt to demonstrate the viability of these currencies. It is a type of cryptocurrency known as a “stable cryptocurrency”, which means that it is pegged to another currency. The currency itself is backed by Ether, a digital asset that is based on the Ethereum blockchain.

Elongate is a medium of exchange that enables users to buy, sell, swap, and send Ether and Elongate tokens along with another medium of exchange such as fiat currency.

The Elongate token (EG) is intended to serve as the medium of exchange between users and third parties who offer services in exchange for Elongate tokens.

 

What is the value of Elongate and where can I buy it?

Elongate price is currently 0.0000000289 Usd with a Market Cap of $14 million. The circulating supply is not available and the Total supply is 501,478,750,521,351.

elongate crypto
Elongate Crypto Price

 

The primary platform where Elongate can be bought is the MEXC, Bitmart, Lbank, Pancakeswap, and Decoin.

 

Technology Background of Elongate crypto? Should you Invest in it?

Elongate crypto was designed to be a stable cryptocurrency, backed by Ether and Ethereum. The currency was designed to be a medium of exchange that would enable users to buy and sell Elongate tokens along with another medium of exchange such as fiat currency. The currency is intended to serve as the medium of exchange between users and third parties who offer services in exchange for Elongate tokens.

Elongate crypto was designed to be a proof-of-concept, in an attempt to demonstrate the viability of cryptocurrencies. It is a type of cryptocurrency known as a “stable cryptocurrency”, which means that it is pegged to another currency. Elongate crypto is backed by Ether and the Ether is, in turn, backed by fiat currency. This ensures that efforts are made to maintain the value of Elongate crypto

Anyone can start accepting this cryptocurrency as payment if they convert their fiat currency into Elongate tokens first.

The easiest way to convert fiat currency is to take Bitcoin or Ether (ETH) and use a cryptocurrency exchange where you can buy Elongate tokens. One such exchange that is known for its very high volume is BitMart.

 

NFTs Supported By Elongate

Gator Gang NFT: The Gator Gang NFT is a collectible, blockchain-based concept that is the first of its kind. The Gator Gang’s NFTs are unique creatures in the world. The NFTs can be obtained by getting “Gator Gems” from various planets to create new breeds of Gator Gang NFT creatures. There will be a limited number of Gator Gems on planets, so someone might get the same gem as another person.

Prestige Collection NFT: The Prestige Collection contains NFTs that you can buy, sell and trade for Elongate tokens. These items are based on the concept of ERC-721 from Ethereum.

An exclusive collection of NFTs, modern currency keepsake celebrating the power of money used for good. Each token has been designed to be an art piece that can be used as a collectible or display piece in your home.

 

What are the benefits of the Elongate crypto?

Elongate is the first NFT platform that utilizes individual tokens. The platform is also the first of its kind to offer NFTs uniquely. These tokens are authentic and encrypted using blockchain technology, creating a digital asset that can’t be replicated as per genuine, providing transparency and security.

Some main features supported by Elongate Crypto

EG Token:

EG is the official currency of Elongate crypto. It can be used for buying, selling, trading, and earning as well. EG Token is available on Elongateswap, Pancakeswap, Mexc Global, and Bitmart.

Collect NFTs and Play in Metaverse:

Elongate supports all Non-Fungible Tokens. These tokens are unique and can’t be duplicated. It supports the Gator gang and Prestige Collection of NFTs. Upcoming Collections are Metaverse Collection and Teamseas Collection.

Social Impacts:

Elongate aims to bring awareness to the wastage of natural resources and positive social activities. It creates a platform where everyone can contribute to the betterment of the world by supporting the NFTs.

Elongate Staking:

Elongate supports Elongate staking. It allows you to earn interest and get tokens back, similar to financial investment. This form of earning helps you increase the value of your balance and in the long run, your holdings will benefit you more by buying Elongate tokens at a higher rate than what is available in the market today.

Community and Moderation:

Elongate has a supportive community that interacts with other users regularly including online competitions and forums.

Support and Services:

Elongateswap, the first NFT exchange, provides support and services similar to those of conventional exchanges but at a much lesser cost.

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