Hello Readers! 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.
Table of contents
- Summary (TL;DR)
- What is Elongate?
- What is Binance Smart Chain?
- Where to buy Elongate crypto?
- How to buy Elongate crypto ?
- How to buy Elongate cryptocurrency on Bitmart?
- How to buy Elongate crypto on Pancakeswap?
- Be careful about your investment in Elongate Crypto!
- Buy Elongate Crypto: Pros and Cons
- Buy Elongate Crypto: Conclusion
- Frequently Asked Questions
Summary (TL;DR)
- Elongate crypto is a meme token that has recently come into existence and has garnered immense popularity since its introduction.
- It is a deflationary coin.
- An enthusiastic fan created it after a tweet made by Elon Musk.
- It was made on Binance Smart Chain, a platform specifically designed for fast and decentralized trading and functions parallel to Binance Chain.
- One can buy or acquire Elongate on LBANK, Bitmart, and Pancakeswap.
What is Elongate?
Elongate is one of the latest meme coins in the cryptocurrency market. 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.
In addition, Elongate is a high-yield, no-friction, and deflationary coin which was made on the Binance Smart Chain. This is a charity-oriented crypto coin. Moreover, a significant portion of the 10% tax charged on every transaction is given away for charity. The deflationary nature of Elongate signifies that one cannot mine new coins. Therefore, if the coin becomes very popular, its price can rise exponentially.
What is Binance Smart Chain?
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. Moreover, Binance Smart Chain (BSC) runs parallel to Binance Chain (BC) and is compatible with its contemporary Ethereum Virtual Machine (EVM).
Also, read Set up MetaMask for Binance Smart Chain
Where to buy Elongate crypto?
The elongate crypto coin is a relatively new cryptocurrency. It is not available on big Cryptocurrency exchange platforms such Coinbase and Binance. However, there are a couple of ways in which we can purchase Elongate on the internet. One can buy a few BNB tokens on Binance and exchange them on Pancakeswap for Elongate. Furthermore, it is also possible to buy Elongate directly from the following platforms:
How to buy Elongate crypto ?
The process of buying Elongate coins can be easily carried out on mobile devices, laptops, and PCs. Furthermore, both Android and iOS systems support the process of buying or acquiring Elongate on LBANK, Bitmart, and Pancakeswap.
How to buy Elongate cryptocurrency on Bitmart?
Bitmart is one of the most prominent cryptocurrency exchange platforms currently. Follow the steps given below to buy Elongate on Bitmart-
- Create your account on the Bitmart exchange platform and complete the identification and verification process.
- Go on the ‘Market’ tab and select ‘USD Market.’
- From the list of pairs given under ‘USD Market,’ select ElONGATE/ USDT pair.
- Select the amount of USD for which you want to buy Elongate. Then, click on ‘Buy.’
- Complete the payment process and confirm your transaction for successfully purchasing Elongate crypto.
Furthermore, use the below button to avail a 10% discount on fees at Bitmart.
How to buy Elongate crypto on Pancakeswap?
Pancakeswap is one of the most popular decentralized exchange platforms (DEX). Follow the steps given below to buy Elongate crypto coin through Pancakeswap:
- Firstly, set up your account on Metamask wallet and connect Metamask to Binance Smart Chain.
- Thereafter, buy BNB coins on the Binance crypto exchange platform and send them over from Binance to your Metamask wallet.
- Then, to add Elongate to Metamask, click on Assets, go to ‘Add Tokens,’ and select ‘Custom Token.’
- After that, in the field of ‘Token Address,’ fill in the Elongate token address.
- Enter the other required details and click on ‘Next.
- Further, connect Metamask wallet with Pancakeswap.
- In the ‘select a currency’ option, paste the Elongate token address and add it to the exchange.
- Finally, put in the amount of BNB you wish to swap for Elongate and click on ‘Swap.’ In the pop-up message, confirm the transaction.
Be careful about your investment in Elongate Crypto!
Elongate cryptocurrency might be a potential investment option but a few things about the platform cannot be ignored:
- It is a charity-oriented cryptocurrency and it directly contributes to society instead of passive contribution.
- The holders are rewarded a portion from every single transaction that is made.
- The deflationary model of burning tokens increases the value of Elongate tokens that the holder has.
- However, there is a total supply of 1,000,000,000,000,000 Elongate tokens.
- Moreover, it originated from a tweet by an influencer!
Buy Elongate Crypto: Pros and Cons
Pros
- It has lucrative reward shares from every transaction, for the holders.
- Deflationary model increases the value of tokens.
- It is a sustainable crypto currency.
Cons
- Elongate cryptocurrency is not available on big exchanges.
- It is subject to price volatility and lack of inherent value.
Buy Elongate Crypto: Conclusion
Elongate is a new meme token in the cryptocurrency market which is a deflationary coin and has excellent potential. However, since it is relatively new, it has not been listed or made available for buying and trading on big exchange platforms. Nevertheless, as discussed earlier in the article, you can still easily purchase it at quite a few platforms, such as Bitmart and Pancakeswap, that provide different ways of purchasing Elongate. However, it would be best if you decided on investment in Elongate after conducting proper research.
Frequently Asked Questions
Can we buy Elongate crypto on Binance?
You cannot directly buy the Elongate crypto on Binance. However, one can easily purchase BNB on Binance and exchange it for Elongate on Pancakeswap.
How to buy Elongate crypto?
You can directly buy or acquire Elongate tokens on platforms such as LBANK, BitMart, and Pancakeswap.
Is Elongate cryptocurrency a good investment?
Elongate crypto coin value keeps changing, and it depends upon many cryptocurrency market conditions also. However, Elongate has excellent potential. Therefore, one should make a well-informed decision before investing in Elongate and conduct proper research to reap its benefits.
