ELONGATE, a fast-rising cryptocurrency token that launched 3 weeks ago, has pledged a total of more than US$1,000,000 in monetary donations to various charities. Built on the Binance Smart Chain, Elongate is a crypto token that was born from an Elon Musk tweet and has since been determined to wield the power and capital of memes and internet culture to change the face of charitable giving.
In a series of weekly live streams called charity parties with its tight-knit community of investors, Elongate has donated to charitable organizations including Children International, Action Against Hunger, and The Ocean Cleanup. On April 4, Children International accepted a first donation of $75,000, an amount which was increased to $325,000 in Elongate s latest charity party last April 18. Action Against Hunger and The Ocean Cleanup have both received a total of $250,000 from the Elongate community. A further pledge has been reserved for Big Green, who will join Elongate on a live stream event