The best and easiest way to buy Elongate in Australia is to first sign up with an Australian cryptocurrency exchange, we suggest using CoinSpot as it is a very easy to navigate platform for beginners. Then you will need to send your USDT from CoinSpot to the Bitmart exchange.
Follow the guide below to get started.
ElonGate is one of the newer cryptocurrencies that gained popularity from a meme. It started from a tweet posted by Elon Musk, he told his Twitter followers that if he is ever part of any scandal, it should be called “ElonGate”. After the tweet was posted, a fan immediately started working on the ElonGate website.
The token started trading in April 2021, and was listed at $0.000000084. Only a few weeks after launch, it reached its peak at $0.000001000 per token. This was a return of roughly 1,200% increase from its launch price. Since it peaked, it went back to about $0.00000080, which is still 10x the value of the first trading price.
ElonGate is a BEP-20 cryptocurrency that was built on the Binance Smart Chain network. Their platform charges a 10% transaction fee anytime someone trades the ELONGATE token, which then gets redistributed back to holders. Meaning that by holding the ELONGATE token, you get passive income from people trading the token.
The project also claims to donate a significant portion of the protocol rewards to philanthropic activities and for activities that boost the general awareness of blockchains.
Most major centralised cryptocurrency exchanges in Australia like CoinSpot and SwyftX do not currently offer the ability to trade meme coins like the Elongate token. This is due to the fact that it is a relatively new token, which means that it may take some time before it's listed on centralised cryptocurrency platforms. The only available way to buy Elongate is by going through a DEX (Decentralised Exchange).
ElonGate has no product nor does it provide any unique benefits or services to its users. The projected roadmap for ElonGate admits it doesn’t have any real world use-cases. It is essential to know that currently, meme tokens are some of the most volatile investments and require a lot of research before investing in them. The chart below is a live price of ELONGATE in Australian Dollars (AUD).
A detailed walkthrough on bridging crypto from Solana to Avalanche.
In this guide we outline the best ways to invest in the Metaverse that is being developed on the blockchain.
A short and simple guide to bridging cryptocurrencies from Polygon Mainnet to Binance Smart Chain.
A complete review of the new Bamboo Crypto App that allows investors to automatically dollar cost average Bitcoin and Ethereum.
Keep up to date with the fastest moving markets with out newsletter. Find the best yields in DeFi and latest tokens.