Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Friday, April 23 2021 - 00:32
AsiaNet
New Cryptocurrency Token ELONGATE Pledges a Total of US$1,000,000 to Various Charities
BERN, Switzerland, April 22, 2021 /PRNewswire-AsiaNet/ --

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[https://www.twitch.tv/elongateog] in line with this year's Earth Day 
celebrations. Big Green is a non-profit organization founded by Kimbal Musk and 
Hugo Matheson, with a mission to create healthy places where children can learn 
and grow.

Elongate is a cryptocurrency token that was born out of a tweet dated March 25 
by billionaire technology icon and philanthropist Elon Musk. From there, a 
blockchain developer created Elongate, a community-driven token that integrates 
the general nature of crypto trading with charitable initiatives. A few days 
into its inception, community members self-organized to maintain, administer, 
and scale the project. Elongate is currently led by its Chief Executive Officer 
Lorenzo Andree, a Business Informatician based in Switzerland. The team is 
constantly expanding and is committed to further develop its operations. At 
present, Elongate has no affiliations with Elon Musk.

In light of Elongate's numerous overlapping and exciting initiatives, Gene 
Rhode Fuensalida Pantig, Chief Marketing Officer at Elongate explains: 
"Elongate has a concrete goal of serving as a 'gate' for digital initiatives to 
scale into the real world. The cryptocurrency space is an untapped power 
wherein its supporters – coming from all walks of life – are willing to help 
change the world. Charity is integral to the Elongate ecosystem and we aim to 
future proof this by expanding our offerings. Aside from charitable 
initiatives, we are also in the process of rolling out an NFT launchpad and 
other crypto innovations. Elongate is in a position to diversify its identity 
not only in the digital and crypto space but also in the real world."

At present, Elongate consists of a community of more than 250,000 holders, with 
a total following of more than 140,000 across all its platforms and channels. 
For more information on Elongate, visit https://www.elongate.cc/ 

Media Contact:

Gene Rhode Fuensalida Pantig[https://www.instagram.com/gene.rhode/]
gene.rhode@elongate.cc
Chief Marketing Officer
ELONGATE

About ELONGATE

In March 2021, ELONGATE began as a meme, inspired by its favorite billionaire, 
Elon Musk. The battle against the global pandemic has forced the world to 
embrace digital initiatives in a parabolic trajectory. Elongate aims to harness 
our chance to self-reflect and channel this into charitable acts that could 
help make this world a better place. For more information on Elongate, visit 
its official website at https://www.elongate.cc/, visit them on Facebook at 
https://www.facebook.com/elongate.cc and follow them on Instagram @elongate.cc.

About Children International

Children International, based in Kansas City, Missouri, USA, is a global 
nonprofit humanitarian organization working to help end the cycle of 
generational poverty. Through a long-term, customized approach, Children 
International supports children and youth for the first two decades of their 
lives, providing access to information and inspiration in the areas of health, 
education, empowerment through life skills, and employment. When equipped to 
transform their own lives, young people also transform their families and 
communities, and as a result, multiply good in the world. To find out more 
about how to support its mission, including through cryptocurrency donations[ 
https://www.children.org/make-a-difference/other-ways-to-help/donate-crypto#:~:text=Children%20International%20offers%20supporters%20with,in%20a%20tax%2Defficient%20way.&text=This%20means%20when%20you%20donate,you%20provide%20your%20email%20address. 
], go to https://www.children.org/

About Action Against Hunger

Action Against Hunger is the world's hunger specialist and leader in a global 
movement that aims to end life-threatening hunger for good within our 
lifetimes. For more than 40 years, the humanitarian and development 
organization has been on the front lines, treating and preventing hunger across 
nearly 50 countries. It served more than 17 million people in 2019 alone.

About The Ocean Cleanup

The Ocean Cleanup develops advanced technologies to rid the world's oceans of 
plastic. Founded in 2013 by Boyan Slat, The Ocean Cleanup now employs 
approximately 95 engineers and researchers. The foundation is headquartered in 
Rotterdam, the Netherlands.

About Big Green

Big Green is a national nonprofit dedicated to creating healthy places where 
kids can learn and grow.  Through outdoor learning environments, gardens, and 
programming, Big Green forges connections between education and health and 
offers experiences that engage the whole child. Founded in 2011 by Kimbal Musk 
and Hugo Matheson to address diet-related health disparities, Big Green has 
since grown to work in nearly 650 schools in Los Angeles, Denver, Chicago, 
Memphis, Detroit, Indianapolis, and Pittsburgh, and supports students, 
teachers, and families through school-based, online, and at-home programming. 
For more information, please visit https://biggreen.org/ or follow them on 
Twitter and Instagram @BigGreen.

SOURCE ELONGATE

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=389762

   Caption: The ELONGATE emblem as seen in New York. Born out of the 
cryptocurrency space, Elongate's ever expanding community has rallied on to 
support the charitable movement.

Attachments
ELONGATE Image.jpg