Topic: ✅[ANN][ELONGATE] Elongate Charity & Frictionless Yield & Liquidity Generation (Read 256 times)

we're on our way up!

NGO’s accept record $750,000 donation from cryptocurrency

https://www.sunshineslate.com/business/environment/ngos-accept-record-750000-donation-from-cryptocurrency/

ElonGate is participating in really many kinds of charities like World Food Programme, Big Green Organization and others

$ElonGate: The Charity Token donated yesterday:

Each To Projects:
Fighting World Hunger -> $250.000 (https://www.elongate.cc/news/245k-aah)
Ocean Pollution -> $250.000 (https://www.elongate.cc/news/245k-oceancleanup)

Give away next sunday:
Tesla Model S Giveaway
https://www.elongate.cc/teslagiveaway

Upcoming:
Major Exchange 💎🚀

That shouldn't be the case with speaking out for the suffering people out there. If it's a fraud in my opinion is very sad and heinous. But I will wait for the latest information with all of this and not so quickly take rash action.

Do not make a conclusion based on one single good act, try to dig a little deeper into the project.
do you know how many token the dev team has?
take a look at their distribution statistic here: https://bscscan.com/token/0x2A9718defF471f3Bb91FA0ECEAB14154F150a385#balances
imagine if it ever gets attention from Elon and then they dump it, what will happen?

I am truly happy they could help them, but it will not change the fact that it is very dangerous especially when its purpose is only a meme.

Okay, looks like Children International also confirm the receipt of that 35,5 eth on this tweet https://twitter.com/children/status/1380200991266639874
Wow, can't believe it's really happen on this day . That was big amount of donation, you guys really make their days.

Yes, even Elon will very agree and could be give some support for this act.

I hope they will continue this kind act and not using it just to attract investors' attention. To help charitable organizations in need, should be a continuous mission of the platform. I don't think Elon will disagree here if the project is truly helping people. Hope to see more organizations benefit from this project.

I also believe it with information on social media. very real without you doubt it in my opinion. https://twitter.com/children. This is a very serious thing in my opinion

I will discuss it in the group, thanks for the suggestion, are you thinking of anything specific?

Roadmap will be updated as we go, as to any dates and specifics to timing will be updated probably, atm we're 14 days old so there is a lot to be done. The phases will not take a year we're ticking them off on a regular basis, as you can see on the website (white highlighted items have been done) elongate.cc.

Price predictions are really hard, crypto is as we all know risky, we're at a market cap of 80 million, 41% of tokens have been burned (https://bscscan.com/token/0x2A9718defF471f3Bb91FA0ECEAB14154F150a385#balances), and each two weeks together with the bi-weekly donation of 1% of the total transaction value there will be a new burn.

first transaction to the charity:
https://www.elongate.cc/news/75000-usd-donated-to-children-international
hash:
https://etherscan.io/tx/0x870fd0cc5be47526a83d5aea499379c94f92f9e0ce7d848ad3ca8e85848772b0

I see it's already on coinmarketcap, seems the listing successfully and smooth. How about the marketing? did you have plan to run campaign at this forum?
This statement "Every fortnight, funds are extracted for charity donations and community giveaways." made me wonder how it would be applied, surely this will affect the price.

Can we see the roadmap in detail with time frame added? without a target date, everything in a phase could be done over a period of years, that's will not be funny, right. Also with 1,000,000,000,000,000 Elongate token supply, what price would you expect for each token? I feel, if the more token, the more risk in investing. What about the token burn? is that already implemented?

totally agree man, this is in the works

yeah man this has potential

they already are in talks with the first charity they made a donation to, https://twitter.com/children see top tweet, so it's not a premature claim or deception, it's real.

If possible, I don't think using someone's popularity will be of great help for your community. For newbies that don't know about crypto business, it will be like deceiving them even if you have disclaimer. Some will not read such disclaimer. Also, have you reached out to those listed charities in your whitepaper about your possible collaboration with them in the future. Because if not, this is just another deception as you are listing charities without their knowledge. It is a premature claim.

1% of all transaction volume every two weeks goes to Charity, ie first Donation was 73k USD in 5 days....just saying....

So the idea of ELONGATE simple and workable - 10% fee for all outgoing transactions. 5% for token holders and 5% in Pancake LP lock

WHITEPAPER | GET INVOLVED | NFT LAUNCHPAD | Elongate | Elongate Telegram

ElonGate began as a meme, inspired by a viral tweet from our favourite billionaire at the forefront of revolutionising cryptocurrency. The events that transpired after our establishment saw the formation of a community spanning 40,000 people, a number that is constantly growing. In 2021, the battle against the global pandemic has forced the world to embrace digital initiatives in a parabolic trajectory.

Contents
* Core Values
* Roadmap
* Tokenomics
* Our Charities
* Buy

Core Values
* Charity
* Community
* Clarity
* Sustainability

Charity
Charity We can make a real impact for the greater good, not just ourselves. By donating to charity, we remind ourselves of our duty to make this world a better place for everyone.

Community
Founded by the community and for the community, we take pride in our collective mission. We support each other and other communities, and we have fun doing it.

Clarity
We share transparent information with each other and the community. We are organised, cohesive, and all push in the same direction.

Sustainability

The future is coming, and we’re ready for it. We make every decision with consideration for its ripple effects, and we are committed to a long-term vision.

Roadmap
PHASE 1 [DONE]
Launch of website and social media channels.
Creation of an overarching marketing strategy; multiple partnerships with influencers forged.
Establishment of the community's Corporate Social Responsibility: commitment to support the UN WFP, Action Against Hunger, as well as the Big Green Organization.
Conceptualisation of NFT launchpad.

PHASE 2
Launch of our official white paper. [DONE]
Establishment of corporate entity to fortify our public relations strategy and represent our global community. Re-branding of website, social media channels, and all external assets. Execution of our Corporate Social Responsibility: donations to the UN WFP, Action Against Hunger, as well as the Big Green Organization. Finalisation and release of NFT launchpad; overarching activities in the NFT space which includes drops, auctions, and competitions. Confirmation of CoinGecko and CoinMarketCap listing. Crowdfunding for registration and listing in major exchanges.

PHASE 3
Forging of corporate partnerships. Launch of novelty merchandise for the Elongate community. Global press release outlining confirmed launches in major exchanges.

PHASE 4
Diversification into real-world use cases.

Tokenomics
The token’s utility can be summarised into 3 fundamentals: earn, burn (through token extraction), and charity. These will be further explained in the proceedings of this chapter.


ElonGate ($ElonGate) is a BEP20 token issued on the Binance Smart Chain with a total fixed supply of 1 Quadrillion (1015) tokens. The ideation of ElonGate as a token with charitable purposes entered a pre-sale campaign which was hosted by DxSale, a decentralised, cross chain, token management platform as a service. Further to this, ElonGate’s initial token liquidity pool has been locked under DxSale’s DeFiLaunch Certified Liquidity Locker, ensuring safety and security for our community of investors.

Gnosis Safe Multisig
As an added security feature for the token/liquidity pool of ElonGate, the Gnosis Safe Multisig platform was implemented. The Gnosis Safe Multisig is a smart contract wallet that requires a minimum number of people to approve a transaction before it can occur (M-of-N). This means that a multi-signature signoff from the whole of the leadership team is required for any token interactions with the LP wallet.


Charity-Burn
Of the extracted BNB:
67% - Charity
20% - Marketing fund
13% - Business & Logistics fund Of the extracted

Of the extracted ElonGate:
67% - Burn
33% - Community Giveaways In other words, 1% of the accumulated transaction volume of the two-week period will be donated to charity, and an equal amount will be burned.

Earn
The earn aspect of ElonGate is backed by the imposed 10% tax for outgoing transactions. Five percent of this tax is redistributed to the community, proportional to the tokens that they hold. This system incentives our community of holders who in turn support ElonGate to make it a sustainable movement.

Further details are outlined below:
1. Five percent of the tax is redistributed to our community of holders, proportional to the ElonGate tokens they hold.
2. The remaining 5% is transferred back as liquidity provider tokens to the PancakeSwap Liquidity Pool (LP). On a biweekly basis, 60% of the newly accumulated LP tokens will be removed from the liquidity pool and a majority of this will be appropriated as proceeds to our chosen charities.

Token Extraction
For the best interests of the community, the burn process has been instituted as part of a manual extraction process occurring every 14 days. There are cases wherein the burn process increases the floor price. In ElonGate, burn has been integrated into a charity-burn system. The initial algorithm is as follows:

Of the newly accumulated LP Tokens (the 5% fee) over a two-week cycle, 60% will be removed from the PancakeSwap Liquidity Pool: half are BNB, half are ElonGate. These tokens will then be appropriated to our overarching initiatives in public and transparent wallets, which will be vetted by the community as we go further.

What is unique about the ElonGate ecosystem is that it universally provides a goodwill commitment to the speculative nature of cryptocurrency trading – both incoming and outgoing transactions intrinsically reflect the charitable cause of ElonGate. For example, an outgoing transaction contributes to the liquidity pool wherein tokens are removed and appropriated as proceeds to our chosen charities.

Our Charities:
As a community built around Corporate Social Responsibility (CSR), ElonGate will constantly integrate the charity aspect in all our intangible and tangible offerings and use cases. Moving forward, our chosen charities will continue to evolve as we get more input from the community. A proper forum and voting system will be put in place. As of Q2 2021, the following charities will be part of the ElonGate journey:

United Nations World Food Programme:
The World Food Programme (WFP) is the leading humanitarian organisation saving and transforming lives by delivering food assistance in emergencies. They also work with communities to improve nutrition and build resilience. For its efforts to combat hunger and contributions to better world conditions, the WFP was awarded the Nobel Peace Prize in 2020.

Action Against Hunger:
Action Against Hunger is the world’s hunger specialist that leads global efforts to save hundreds of thousands of lives of undernourished children. The organisation is committed to helping all children access the urgent hunger care they need to survive.

Big Green Organization:
The Big Green is a nonprofit organisation that was started in 2011 by Kimbal Musk and his fellows. Big Green pledges to work as allies and advocates for marginalised communities. They aim to do this by constant education and support initiatives to increase awareness about racial biases.

Children International^1:
Children International is a leading humanitarian organisation focused on helping children break the cycle of poverty. Children International aims to help kids graduate healthy, educated, empowered, and employed. ElonGate’s highest aim is to be the official partner of charitable organisations in the cryptocurrency space. We aim to educate them about the digital world of crypto as well as guide them in this journey to bridge the real world and digital aspect of charity.

1 Children International accepts cryptocurrency donations

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https://www.elongate.cc/