Brand Press Release
Cryptocurrency is a way for people to put their money to work and is instrumental in building personal wealth, especially when investing for long periods in projects backed by innovation and supportive communities. Despite being an extremely volatile asset class at times, cryptocurrency enables investors to tap into a rapidly emerging market with a low barrier for entry.
The Elongate Token started on the 25th of March, 2021, and quickly formed a cryptocurrency backed by a social impact movement. The company has implemented liquidity generation and frictionless yield functionality, where a 10% transaction fee is split between charity organizations and rewarding the holders of the token. The company is headed by a leadership board comprised of the Chief Brand Officer Alexander Gambon alongside Hasan Aziz, the Chief Operations Officer. Gambon’s professional skills include leading brand strategies and creative direction at universities and nonprofits. In contrast, Aziz’s professional skills comprise leading automation, quality assurance, and software testing in the UK banking industry. Both Gambon and Aziz have been active in the cryptocurrency space since 2012.
This charitable cryptocurrency aims to support blockchain technologies and community action to develop a global movement. It breaks free of the status quo, aiming to make profitability inherently linked to a positive social impact. The company also seeks to ignite the passion for contributing to humanity by bringing about a social transformation. Furthermore, it aims to create transparent pathways for earning and giving capital and empowering people to create a sustainable world.
Coined by a meme, Elongate launched after a viral tweet from the billionaire Elon Musk, who’s known to be rooted in the worlds of charity and cryptocurrency. Years ago, the conversation that took place in the crypto community was one characterized with a hope for a more equitable and brighter future and a picture of idealism. Back in the day, artisans would be paid for the worth of their work. Families would store their wealth in systems free from the consequence of Wall Street cronyism. Elongate is striving to take things back to these roots.
The potential of cryptocurrency to bring about a more equitable world by merging finance with innovative technology aimed at doing so has fueled rapid growth. As the popularity of cryptocurrency rapidly grows and the faith in outdated systems declines, it has gained great hype. But this is at the cost of becoming a hot target of predatory behavior and high-risk schemes. However, the remaining few assets of this digital wild west, such as those in the altcoin space, are buoyed by excitement, speculations, and innovation.
Not only does elongate bring crypto back to the values of the early days, but it also makes use of the emotion and enthusiasm of the crypto space. A critical note about Elongate is that it combines the charitable act and the personal incentive. Doing this elevates the crypto community and makes humanitarian and philanthropy perspectives a part of the narrative.
Elongate aims to relieve the suffering of millions of people by embracing its roots in internet culture. The company engages in fruitful discussions with charitable organizations, teaches them about cryptocurrency, and embraces the blockchain by opening the way for philanthropic endeavors. Most importantly, they’re exposing these organizations to new and untapped avenues for raising funds during a time when fundraising initiatives have become very challenging. They do this by exhibiting the good in the world to the crypto space while simultaneously exposing charitable causes to a world of massive capital. Elongate ignites, builds, and empowers people in doing all these things.
Everything about what Elongate stands for sets it apart from others in the space: it may have started as a joke, but it’s proven potential to shoot up more than 1000% in value in only the first three days of its existence, eventually peaking at a $650 million market cap within the first month. This early success propelled elongate down a path to actualize its unique mission. And it’s no wonder that anyone using this new altcoin was thrilled to see results.
The most interesting and unique thing about Elongate crypto is the philanthropic focus. The company donated to the Big Green Corporation, the United Nations World Food Programme, and Action Against Hunger. Around 80% of its income has gone to charity. The amazing thing about Elongate, a coin that has been born from a mere joke, is that the company has big plans to revolutionize social impact. Currently in development is the upcoming engage-to-earn DeFi social media app Spark. This new approach to social media will provide content creators with a platform to be rewarded for their positive contributions to the world while also rewarding regular users for elevating that content.
Cryptocurrency has gained significant importance in the modern world. Since its rise to prominence in 2013, it has become an essential player in the modern international economy. In an era where rapid technological development requires equally rapid adaptation, cryptocurrency has set the bar high, impacting all aspects of the financial world. It is on track to change international commerce. Many note that cryptocurrency is a safe hedge against government-issued currencies. The rise in the importance of crypto has facilitated the increase in the importance of Elongate as it pursues a revolutionary mission; to merge earning and giving.
