Overview
Table of Contents
Current Status — May 2026
- Token status: V1 token (ELONGATE) deprecated — 99% trading fee applied making V1 untradeable on DEXs. V2 token (EG) is the active contract.
- V1 contract (deprecated): BEP-20, Binance Smart Chain — trading effectively disabled by 99% fee
- V2 contract (EG): verify current contract address at elongate.cc or CoinMarketCap before any interaction — V1 to V2 migration was conducted at a 100,000:1 ratio in February 2023
- Exchange listings: CoinPaprika reports no active exchanges or markets for ElonGate as of the time of review — verify current trading availability on CoinGecko or CoinMarketCap
- Community activity: the EG (old) token’s associated X account shows 0 tweets since joining in May 2024 and has 88 followers, while the Telegram group has 157 members — significantly reduced from 2022 activity
- Official website: elongate.cc — verify current operational status before any interaction
The Elongate coin is the backbone of the Elongate ecosystem, built to empower social change by inspiring both creators and users to engage with the platform and earn at the same time.
What if social media could be used with an actual purpose, which would make it way less or practically non-toxic, and eliminate endless and meaningless scrolling? Even better, what if you could get paid to use social media – to post, like, comment on, and share purposeful content?
Elongate is a platform that brings together everything Instagram, TikTok, and YouTube’s users love and adds an interesting element to the entire story – positive social impact. Plus, it makes it possible for both creators and followers to get their share of earnings.
Verification Status — >Verification Status — Contract, Audit, Liquidity, Team
Verification Status — Cont>Verification Status — Contract, Audit, Liquidity, Team
ngate launched on March 25, 2021 with 1 quadrillion BEP-20 tokens on Binance Smart Chain. Approximately 412 trillion tokens were burned at creation, with over 24 trillion burned since through weekly burns. The team migrated to a V2 contract in February 2023 at a 100,000:1 ratio — V1 tokens were rendered effectively untradeable by a 99% trading fee applied to the original contract.Always verify the current active contract address at elongate.cc or CoinMarketCap before interacting. Do not use contract addresses from third-party articles including this page — they may reflect V1 or an outdated V2 address. Verify on BscScan that the contract you are interacting with is the current official Elongate contract.
Audit
Elongate was audite>Audit — the audit results were initially published in May 2021 and updated in February 2022, assigning a security score of 95/100. The smart contract passed the audit and the open source contract is available on BscScan.
The CertiK audit covers the V1 contract at the time of the original audit. Verify whether the V2 contract has been independently audited — audit coverage of the V1 contract does not automatically apply to subsequent contract versions. Check the current audit status at CertiK’s Skynet dashboard for the current EG contract address.
Liquidity
Over 80% of the ini>Liquiditywas locked through DxSale and Unicrypt with locking periods ranging from 1 to 5 years. Unlocked liquidity usage was communicated to holders.
Original liquidity lock periods from 2021 have expired as of 2026. Verify current liquidity status and lock status directly on PancakeSwap for the V2 EG contract and on Unicrypt’s lock tracker. CoinPaprika flagged a bad liquidity-to-volume ratio on the EG market with high probability of volume inflation or insufficient liquidity. Verify current liquidity depth before any purchase.
Team
Elongate was legally inc>Teamas a company on July 23, 2021. The leadership board includes Hasan Aziz (Chief Operations Officer) and Alexander Gambon (Chief Brand Officer). The team is fully public on LinkedIn.
Verify current team status and activity at elongate.cc and through their publicly listed LinkedIn profiles. Reduced community activity since 2023 may indicate changes to team focus or project direction — confirm current operational status before any financial interaction.
Elongate Team
Elongate Team ph -->If you were wondering who made Elongate crypto, this is the moment of truth.
Elongate’s team is fully doxxed and consists of 3 key persons – Hasan Aziz, Alex Gambon, and Brian Lobeda while there are 19 people overall on the team. Hasan is the chief operations officer who graduated from Kingston University, has a degree in software engineering, and 15 years of experience in enterprise software testing under his belt.
Alex is Elongate’s chief brand officer who graduated from Kennesaw State University and holds a bachelor’s and master’s degree in information systems. He also has almost 10 years of experience as a creative director and brand strategist, which makes him a perfect match for this position.
Last but not least, Brian is head of art and design. He graduated from Birmingham City University and holds a bachelor’s degree in arts, animation, and games design. Betsson Group, NetPlay TV, and Product Madness were some of his clients whilst Brian also established Design for Greatness, his own creative and design agency that has been operating for two and a half years now.
Elongate Tokenomics
Not>Elongate Tokenomics t the V1 token structure from 2021-2022. V2 tokenomics may differ. Verify current tokenomics at elongate.cc.
Elongate is a BEP-20 token developed on the BSC (Binance Smart Chain) network while bridges to other networks (ERC-20) are in the pipeline, which will expand the platform’s reach and impact in the crypto space.
$EG has a total supply of 1 quadrillion tokens that can be bought on CEX and DEX exchanges such as PancakeSwap or BitMart, although it is expected to be listed on other major exchanges in a little while. Currently, it is traded at $0.0000000114 and has a market cap of $5,640,746.
And if you don’t know how to track Elongate crypto, you can either use CoinMarketCap (yup, they listed Elongate, which, again, proves that the coin is legit) or the project’s official website.
The Elongate coin has been consolidating for a couple of months now after a significant price increase upon the project’s launch.
A fixed fee of 10% is applied to all $EG transactions if you are using DEX exchanges, although some CEX charge the same fee as well. Half of the fees go to the community of a particular exchange, according to the number of tokens they are holding.
A certain percentage of $EG tokens goes into the liquidity pool, and 60% of newly accumulated tokens are distributed to charities (50% BNB, 50% $EG). On every 10th of the month, token holders are rewarded. A part of the tokens is automatically burned (sent to an unrecoverable wallet) with each transaction. Until now, almost 505 T $EG tokens is burned.
10% of extracted BNB goes to business operations, 30% will be used for communications and marketing, 30% for social impact, and 30% for engineering and product development.
67% of extracted $EG token will be used for supplying liquidity pool and for bridges, 27% will act as a stability reserve, and 6% will be distributed via giveaways.
$EG can be staked, too! Until this day, $575,020 tokens have been staked. The annual percentage yield Elongate offers is quite generous – 17,33%, although this can be subject to change.
Current Trading Status
The V1 ELONGATE token has migrated to V2 (>Current Trading Statusly impossible due to a preset 99% trading fee. The V2 EG token started trading on February 20, 2023 at $0.0009156, reached an all-time high of $0.00180 on March 13, 2024, and has since declined.
As of the time of this review, CoinPaprika reports no active exchanges or markets for ElonGate. Before attempting to trade EG, verify current exchange availability on CoinGecko and CoinMarketCap. Only use the official elongate.cc swap interface or a verified DEX listing — do not use third-party interfaces claiming to offer EG trading.
ScammerWatch does not provide investment advice. Nothing on this page should be interpreted as a recommendation to purchase, hold, or sell EG or any other token.
Social Impact
Since >Social Impact , which was slightly over 2 years ago, they have been trying hard to make an impact. And, not only did they try, but they actually did. Five days after the project was launched, Elongate donated $75,000 to Children Operational. Two months since the beginning of their operation, $250,000 was donated to Action Against Hunger and another $250,000 to The Ocean Cleanup.
Elongate partnered with Caritas, the international charity organization, to provide aid (shelter, food, water, toys, diapers, toilet paper, etc) to people affected by the war in Ukraine and refugees that were seeking help when crossing the Moldova borders.
The organization also provides primary school sponsorship in Mexico, sponsors female football competitions, and feeds and clothes stray animals.
Open Questions
- Is the project still operationally active?<>Open Questionsent team communications at elongate.cc and official social media — reduced activity metrics suggest changed project status
- Are V2 liquidity pools still active? Verify current liquidity depth on PancakeSwap for the V2 EG contract
- Has the V2 contract been independently audited? CertiK audited V1 — confirm V2 audit status at certik.com
- Is the Spark platform operational? The social media platform described in the original article — verify current status at elongate.cc
- Are original liquidity locks still in effect? Original 1-5 year lock periods from 2021 have expired — verify current lock status
If you have encountered a platform or contract impersonating Elongate or using its name fraudulently, submit a report at scammerwatch.com/report-a-scam .
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