Key Takeaways
- • Elongate is a BEP-20 charity-focused token on Binance Smart Chain that launched in April 2021 and, according to the primary source, has donated more than $3.6 million to global charitable causes.
- • Donations are processed through The Giving Block, with recipients named in the article including the Malala Fund ($25,000 for girls' education programs), Action Against Hunger, and the Human Relief Foundation.
- • Elongate V2, migrated in February 2023 at a 10,000:1 ratio to a 6 billion total supply, eliminated reflections and replaced the original 10% V1 tax with a 5% buy tax and 5% sell tax, with 0% on transfers.
- • Governance is split between EG Association, a Swiss-registered nonprofit that oversees charitable activity, and ELONGATE Global, which manages business operations and strategy.
- • The article cites mid-2025 trading near $0.0000000012 and a market cap below $10 million, figures that appear to reference the deprecated V1 token; the piece characterizes the token as highly speculative.
Summary
Elongate, a BEP-20 token on Binance Smart Chain, entered the market in April 2021 with a model in which every transaction generated charitable funding. Under the original V1 design, each buy or sell carried a 10% tax: 5% was redistributed as reflections to existing holders and 5% was added to a liquidity pool, from which 60% of accumulated tokens were directed to charity weekly, according to the project documentation cited by the article.
The V2 migration began in February 2023, consolidating the supply at a 10,000:1 ratio from approximately one quadrillion tokens to 6 billion. V2 applies a 5% tax on buys and 5% on sells, with 0% on transfers, and eliminates reflections entirely. The EG V2 documentation states that reflections "need high token taxes to support the reflections model" and are "slowly going out of fashion." The V1 token still exists on BSC but is no longer actively developed.
The article reports that Elongate has donated over $3.6 million to charitable causes, with its donation processing handled by The Giving Block. Named recipients include the Malala Fund, which received $25,000 for girls' education programs, Action Against Hunger, and the Human Relief Foundation. According to the article, EG Association determines which charities receive funds, weighing transparency, reach, and mission alignment. Donation wallets are visible on the BSC explorer, which the article presents as a means for independent verification.
Governance is divided between EG Association, described as a Swiss-registered nonprofit overseeing charitable activities, and ELONGATE Global, which handles business operations and strategic development. The article's market data, including a price near $0.0000000012 and a market cap below $10 million in mid-2025, should be read with caution: the piece itself suggests the cited price refers to V1 rather than the current V2 token (ticker EG), and it notes that the token trades mainly on PancakeSwap with limited centralized exchange listings. The article also stresses that the token's price has declined significantly since its initial 2021 spike, that liquidity and slippage can affect trades, and that the charity mission does not protect holders from losses. Regulatory treatment of charity tokens remains unclear in most jurisdictions, and no government agency has endorsed Elongate as an investment.
The V2 migration began in February 2023, consolidating the supply at a 10,000:1 ratio from approximately one quadrillion tokens to 6 billion. V2 applies a 5% tax on buys and 5% on sells, with 0% on transfers, and eliminates reflections entirely. The EG V2 documentation states that reflections "need high token taxes to support the reflections model" and are "slowly going out of fashion." The V1 token still exists on BSC but is no longer actively developed.
The article reports that Elongate has donated over $3.6 million to charitable causes, with its donation processing handled by The Giving Block. Named recipients include the Malala Fund, which received $25,000 for girls' education programs, Action Against Hunger, and the Human Relief Foundation. According to the article, EG Association determines which charities receive funds, weighing transparency, reach, and mission alignment. Donation wallets are visible on the BSC explorer, which the article presents as a means for independent verification.
Governance is divided between EG Association, described as a Swiss-registered nonprofit overseeing charitable activities, and ELONGATE Global, which handles business operations and strategic development. The article's market data, including a price near $0.0000000012 and a market cap below $10 million in mid-2025, should be read with caution: the piece itself suggests the cited price refers to V1 rather than the current V2 token (ticker EG), and it notes that the token trades mainly on PancakeSwap with limited centralized exchange listings. The article also stresses that the token's price has declined significantly since its initial 2021 spike, that liquidity and slippage can affect trades, and that the charity mission does not protect holders from losses. Regulatory treatment of charity tokens remains unclear in most jurisdictions, and no government agency has endorsed Elongate as an investment.
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