Elongate is a cryptocurrency that gained traction as a meme coin inspired by a tweet from Elon Musk. Since then, it has evolved into a community-driven token with a mission to support charitable causes. Though its initial hype has faded, Elongate still maintains a loyal following and can be purchased on selected decentralized exchanges. In this guide, we’ll walk you through how to buy Elongate, what platforms to use, and how to store it safely.
What Is Elongate Crypto?
Elongate is a BEP-20 token built on the Binance Smart Chain (BSC). Launched in 2021, Elongate was inspired by a viral tweet from Elon Musk and quickly gained popularity as a meme coin. Unlike other meme coins, Elongate channels a portion of transaction fees to charitable organizations. According to the official Elongate site, 10% of each transaction is split—5% goes to holders and 5% to charity.
Step-by-Step: How to Buy Elongate
1. Register on a Fiat-to-Crypto Exchange
To get started, you’ll need to register with a fiat-to-crypto exchange like Coinbase or Binance. These platforms allow you to buy cryptocurrencies using credit cards, bank transfers, or other local payment methods.
2. Purchase BNB or USDT
After completing identity verification (KYC), buy Binance Coin (BNB) or Tether (USDT). BNB is needed to interact with PancakeSwap, while USDT can be used on exchanges that list ELONGATE trading pairs like MEXC or BitMart.
3. Set Up a Wallet (MetaMask or Trust Wallet)
Install MetaMask or Trust Wallet and configure it for the Binance Smart Chain (BSC) network:
- Open MetaMask and go to Settings > Networks
- Add a new network with the following details:
Network Name: Binance Smart Chain New RPC URL: https://bsc-dataseed.binance.org/ Chain ID: 56 Symbol: BNB Block Explorer URL: https://bscscan.com
4. Transfer BNB to Your Wallet
Withdraw your BNB from Binance to your MetaMask or Trust Wallet. Make sure to select the Binance Smart Chain (BEP-20) network when transferring.
5. Connect to PancakeSwap
Visit PancakeSwap and connect your wallet. You may need to import the Elongate contract manually if it doesn’t appear in search. Here’s the official contract address (always verify it from trusted sources):
Contract: 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385
6. Swap BNB for ELONGATE
Use the exchange panel on PancakeSwap to convert your BNB to ELONGATE. Set the slippage tolerance to around 10% due to tokenomics (redistribution and burn fees). Confirm the transaction in your wallet and wait for it to complete.
Alternative Exchanges to Buy Elongate
If you prefer not to use a decentralized exchange, you can also find ELONGATE on platforms like:
- BitMart: Offers ELONGATE/USDT trading pairs
- MEXC: Another centralized exchange supporting the token
- LBank: Occasionally lists meme and community tokens
To buy from these platforms, deposit USDT and search for the ELONGATE pair in the spot trading section.
Adding Elongate to Your Wallet
After buying Elongate, make sure it’s visible in your wallet. If it doesn’t appear automatically, you can manually add the token by inputting its contract address under “Import Token” in MetaMask.
Trading and Selling Elongate
You can trade or sell Elongate via PancakeSwap by swapping it back to BNB, then transferring the BNB back to Binance to convert to fiat. Ensure you account for any transaction fees and price slippage during swaps.
FAQs
Is Elongate a real cryptocurrency?
Yes, Elongate is a real BEP-20 token on the Binance Smart Chain. It is primarily used for community building and social impact through charitable donations.
Can I buy Elongate on Coinbase?
No. Elongate is not listed on Coinbase or other major exchanges like Kraken or Gemini. You must use PancakeSwap or smaller exchanges like MEXC.
Is Elongate still active?
Yes, the project remains active with ongoing community support and charitable initiatives. However, its popularity and price have decreased since its peak in 2021.
What is the current price of Elongate?
As of the time of writing, Elongate trades at approximately $0.00000001296. Prices can fluctuate based on market demand.
What wallet supports Elongate?
Any wallet that supports Binance Smart Chain (BEP-20) tokens will support Elongate, such as MetaMask, Trust Wallet, and SafePal.
Conclusion
Buying Elongate is not as straightforward as purchasing popular cryptocurrencies, but it’s accessible for users familiar with Binance Smart Chain and decentralized exchanges. With the right wallet setup and access to BNB or USDT, you can purchase and hold Elongate either for speculative purposes or to support its charitable mission. Always verify contract addresses, understand the tokenomics, and practice secure wallet management when trading on decentralized platforms.
