ABSTRACT

ELONGATE began as a meme, inspired by

a viral tweet from our favorite billionaire
at the forefront of revolutionizing
cryptocurrency. The events that transpired
after our establishment saw the formation
of a community spanning 400,000 holders1, a
number that is constantly growing. In 2021,
the battle against the global pandemic has
forced the world to embrace digital initiatives
in a parabolic trajectory.
This begins by participating in fruitful
Today, Elongate aims to harness our chance discussions with charitable organizations,
to self-reflect and channel this into charitable educating them about the cryptocurrency
acts that could help make the world a space, and providing a bridge for real-world
better place. Built upon the Elongate token charitable endeavors to embrace the digital
ecosystem, corporate social responsibility world of cryptocurrency. We are on track
is integral to Elongate’s identity. For this to establish this with organizations like the
reason, various fellows have rallied behind us United Nations World Food Programme,
– influencers across many channels, private Action Against Hunger, the Big Green
individuals looking to support our chosen Organization, as well as charities that will be
charities, and publication in Yahoo Finance. chosen by the community as we mature in
time.

Elongate’s boldest goal is

to ease the suffering of
millions through charitable
contributions.

1 Data correct as of 30 April 2021

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Core Values

Charity
We can make a real impact for the greater
good, not just ourselves. By donating to
charity, we remind ourselves of our duty to
make this world a better place for everyone.

Community
Founded by the community and for the
community, we take pride in our collective
mission. We support each other and other
communities, and we have fun doing it.

Clarity
We share transparent information with each
other and the community. We are organized,
cohesive, and all push in the same direction.

Sustainability
The future is coming, and we’re ready for it.
We make every decision with consideration
for its ripple effects, and we are committed
to a long-term vision.

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High-Level Roadmap
Sustainable Operations Management (SOM)
is mirrored in one of Elongate’s core values.
Building on this pillar, the leadership team
will be executing our long-term vision
through the strength of the team and our
community.
From the high-level and condensed goals
outlined below, various action items (with
a focus on Q1 and Q2 goals) are currently
being addressed by our dedicated working
groups. We believe that the community will
perpetually do what is best for the team and
the team will do what is best for Elongate.
Q1 Overview
» Launch of our website and social media
channels
» Creation of an overarching marketing
strategy; multiple partnerships with
high-profile personnel forged
» Establishment of our community’s
Corporate Social Responsibility:
commitment to support the UN WFP,
Action Against Hunger, as well as the Big
Green Organization
» Art development for NFT drops
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Q1 Status
The Elongate leadership team is proud
to announce that we have tremendously
progressed since our community’s inception.
From a governance structure that self-
organized based on competencies (see our
press release here), we now have dedicated
groups working on areas like Charity and
Accounting, Engineering and Logistics,
Platform Security, Marketing and PR, as
well as Community and Brand Management.
Our teams are constantly expanding, and
everyone’s participation is welcome.
In order to ensure that our operations are
sustainable, our overarching initiatives are
being addressed in a pragmatic approach.
For our Q1 goals:
1. Our website is constantly being updated
by a team of dedicated and talented
designers. Further details about re-
branding activities will be communicated
across our channels.
2. All Marketing and PR activities are now
operating under a working organization
vetted by our lead developer. Our team is
constantly evolving to recruit dedicated
marketers to help us scale our initiatives.
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 For general affairs concerning the fate of Q2 Status
Elongate, the community is encouraged
to engage with our point of contact
The launch of our white paper provides
through here or here.
a shared compass for the team and our
community to follow the narrative. This is
3. Our biggest efforts are currently being
also our commitment to guide the Elongate
channeled to accomplish our first
community in a more corporate approach.
charitable donation. To start with, we
have been assessing the best available
The following are some details of where we
scenario for our chosen charity to receive
stand in our Q2 goals:
our crypto-based donation. Further to
this, the specifics of our charity roadmap
1. Re-branding of all Elongate assets is
have been unveiled on 02 April 2021, here.
complete.

2. The Elongate leadership team is currently

Q2 Overview formalizing a recruitment process to
onboard professionals and talents from
our community.
» Launch of our official whitepaper
3. Our Corporate Social Responsibility
» Establishment of corporate entity to will be performed in a multiple-pronged
fortify our public relations strategy and approach, which includes:
represent our global community
a. Weekly charity donation starting 04
» Re-branding of website, social media April 2021.
channels, and all external assets
b. Voting rights to be handed to the
» Execution of our Corporate Social community to choose our succeeding
Responsibility: donations to the UN WFP, pool of charities to support, the
Action Against Hunger, as well as the Big details of our voting system will be
Green Organization communicated further.

» Overarching activities in the NFT space c. Elongate is officially listed in BitMart,

which includes drops, auctions, and a CEX.
competitions
d. We are listed in CoinGecko and
» Confirmation of CoinGecko and CoinMarketCap.
CoinMarketCap listing

» Crowdfunding for registration and listing

in major exchanges

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For the rest of 2021, we expect to achieve, or
address, the following initiatives:

Q3 Q4

» Forging of corporate partnerships » Diversification into real-world use cases

» Launch of novelty merchandise for the

Elongate community

» A global press release outlining

confirmed launches in major exchanges

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 The Elongate
Ecosystem
Elongate Token PancakeSwap

Elongate ($Elongate) is a BEP20 token PancakeSwap is a Binance Smart Chain-

issued on the Binance Smart Chain with
a total fixed supply of 1 Quadrillion (1015)
tokens. The ideation of Elongate as a
token with charitable purposes entered
a pre-sale campaign which was hosted by
DxSale, a decentralized, cross chain, token
management platform as a service. Further
to this, Elongate’s initial token liquidity pool
has been locked under DxSale’s DeFiLaunch
Certified Liquidity Locker, ensuring safety
and security for our community.
based Decentralized Exchange (DEX) for
swapping BEP-20 tokens. To facilitate
Elongate’s initial public offering,
PancakeSwap offers our community the
ability to exchange their BNB for Elongate.
In line with a pragmatic approach, Elongate
shall be listed into major exchanges in the
near future.

Binance Smart Chain Gnosis Safe Multisig

The Binance Smart Chain (BSC) is a As an added security feature for the token/
blockchain network that runs in parallel liquidity pool of Elongate, the Gnosis Safe
to the Binance Chain. In contrast to the Multisig platform will be implemented. The
Binance Chain, BSC features smart contract Gnosis Safe Multisig is a smart contract
functionality and compatibility with the wallet that requires a minimum number of
Ethereum Virtual Machine (EVM). The people to approve a transaction before it can
Binance Smart Chain offers our community occur (M-of-N).
the added interoperability of facilitating
their transactions through Ethereum-
based wallets, such as MetaMask. An added
advantage of issuing Elongate tokens on
the BSC is that it offers our community an
affordable blockchain experience through
smaller transaction fees compared to the
Ethereum Network.

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Tokenomics
The token’s utility can be summarized into
3 fundamentals: earn, burn (through token
extraction), and charity. These will be
further explained in the proceedings of this
chapter.
Earn
Elongate imposes automatically a fee of 10%
for all transactions with Elongate tokens.
The token holders may not claim the fees or
any specific use of these fees from Elongate
or any Elongate Project team members,
nor have they any legal claim against any
other third-party in this regard. Half of this
fee is redistributed to the community on
that exchange, proportional to the tokens
that they hold. This system incentivizes our
community of holders who in turn support
Elongate to make it a sustainable movement.
Further details are outlined below:
1. Half of the fee is redistributed to the
community of holders, proportional
to the Elongate tokens they hold. The
fees collected are disbursed across the
exchange they were collected on.
2. The other half is transferred back
as liquidity provider tokens to the
PancakeSwap Liquidity Pool (LP).
On a weekly basis, 60% of the newly
accumulated LP tokens will be removed
from the liquidity pool and a majority of
this will be appropriated as proceeds to
our chosen charities.
For Elongate holders on a CEX, their tokens
will be snapshotted daily, and an averaged
reward will be disbursed on the 10th of every
month.
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What is unique about the Elongate
ecosystem is that it universally provides a
goodwill commitment to the speculative
nature of cryptocurrency trading – both
incoming and outgoing transactions
intrinsically reflect the charitable cause
of Elongate. For example, an outgoing
transaction contributes to the liquidity
pool wherein tokens are removed and
appropriated as proceeds to our chosen
charities.
Token Extraction
For the best interests of the community, the
burn process has been instituted as part of
an extraction process ocurring every 7 days.
There are cases wherein the burn process
increases the floor price. In Elongate, burn
has been integrated into a charity-burn
system. The initial algorithm is as follows*:
Of the newly accumulated LP Tokens (the
5% fee) over a one-week cycle, 60% will be
removed from the PancakeSwap Liquidity
Pool: half are BNB, half are Elongate.
These tokens will then be appropriated to
our overarching initiatives in public and
transparent wallets, which will be vetted by
the community as we go further.
*
This is our current approach to Elongate’s tokenomics
to ensure that we are capable to operate fully
sustainably. Moving forward, a continuous assessment
program will be instituted and the whole community
will be involved in the decision-making process.
Adaptability is a key security measure that the team
upholds to put Elongate in the best place for long-term
sustainability and growth.
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 Charity-Burn Token Figures
Of the extracted BNB: 1,000,000,000,000,000
Total Supply at Launch
58% - Charity (12% of this is reserved for long-term
special charity projects: sponsoring disaster relief,
400,000,000,000,000
building hospitals, etc)
15% - Stability Reserve Pre-Sale Allocation
15% - Marketing
12% - Business Development

Of the extracted Elongate:

67% - Burn
27% - Stability Reserve
6% - Giveaways

Transaction Fee
Model

Extracted
5% Holder Reward
Distribution
BNB
Stability
90% Sent to Reserve
Destination Charity
5% Liquidity
Donation
Pool Fee
Marketing

Business
Development
New LP 60% Token Extraction
This Cycle 40% Retained Liquidity
Extracted
ELONGATE

Existing
Liquidity Burn
Stability
Pool Reserve

Giveaways

Any excess liquidity not needed for operational needs

will be locked in DXSale, and results will be shared with
the community.

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Our Charities
As a community built around Corporate Big Green Organization
Social Responsibility (CSR), Elongate will
The Big Green is a nonprofit organization
constantly integrate the charity aspect in all
that was started in 2011 by Kimbal Musk
our intangible and tangible offerings and use
and his fellows. Big Green pledges to work
cases. Moving forward, our chosen charities
as allies and advocates for marginalized
will continue to evolve as we get more input
communities. They aim to do this by
from the community. A proper forum and
constant education and support initiatives
voting system will be put in place. As of Q2
to increase awareness about racial biases.
2021, the following charities will be part of
the Elongate journey:

United Nations World
Food Programme
The World Food Programme (WFP) is the
leading humanitarian organization saving
and transforming lives by delivering food
assistance in emergencies. They also work
with communities to improve nutrition and
build resilience.
For its efforts to combat hunger and
contributions to better world conditions, the
WFP was awarded the Nobel Peace Prize in
2020.
Children International
Children International is a leading
humanitarian organization focused on
helping children break the cycle of poverty.
Children International aims to help kids
graduate healthy, educated, empowered, and
employed.
Elongate’s highest aim is to be the official
partner of charitable organizations in the
cryptocurrency space. We aim to educate
them about the digital world of crypto as
well as guide them in this journey to bridge
the real world and digital aspect of charity.

Action Against Hunger

Action Against Hunger is the world’s
hunger specialist that leads global efforts
to save hundreds of thousands of lives of
undernourished children. The organization is
committed to helping all children access the
urgent hunger care they need to survive.

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Alternate Charity
Fundraising
Elongate generates funds for charity weekly,
but there are many more avenues for raising
money and awareness for charitable causes.

NFT Drops for Charity

In recent months, Non-Fungible Tokens

(NFTs) have been taking the world by
storm. In brief, NFTs are multimedia art
that has been tokenized in the blockchain.
One intrinsic offering that we have been
establishing since Elongate’s inception is our
NFT drops.

The team is proud to share that 80% of

our NFT profits will go towards charitable
donations, a commitment that we will
always uphold.

Gaming For Charity

Elongate will host video game marathons,

speedruns, tournaments, and other special
events. The explicit goal with these events is
to fundraise for charity, while also engaging
our community in a dynamic way and
attracting new people to our community.

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Leadership Team

Lorenzo Andree Hasan Aziz Alexander Gambon

Chief Executive Officer Chief Technology Chief Storytelling
& Developer Officer Officer

Gene Rhode Brian Lobeda Armin Keyani

Fuensalida Pantig Chief Product Officer Chief Volunteer Officer
Chief Marketing
Officer

Note: As we grow, our overall team

structure, titles, and assignment of duties
will be routinely assessed and refined.

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Disclaimers
Information Published in
the Whitepaper
The whitepaper provides information and material of
general nature. You are not authorized and nor should
you rely on the whitepaper for legal advice, business
advice, or advice of any kind. You act at your own risk
in reliance on the contents of the whitepaper. Should
you decide to act or not act you should contact a
licensed attorney in the relevant jurisdiction in which
you want or need help. In no way are the contributors
to the whitepaper responsible for the actions,
decisions, or other behavior taken or not taken by
you in reliance upon the whitepaper. You are not
authorized and nor must not should you rely on the
whitepaper for legal advice, business advice, or advice
of any kind.
Involvement Risks
The team does not recommend that any
cryptocurrency should be bought, sold, or held by
you. Do conduct your due diligence and consult your
financial advisor before making any financial decisions.
By purchasing Elongate, you agree that you are not
purchasing a security or investment and you agree to
hold the team harmless and not liable for any losses
or taxes you may incur. You also agree that the team
is presenting the token “as is” and is not required to
provide any support or services. You agree that by
purchasing or exchanging Elongate tokens you may
not claim any tax, fee, reward or any transaction or
activity from Elongate, nor any of the Elongate team
members, nor any other third-party. Any functionality
of the Elongate application, the Elongate Token as well
as the Elongate Project mentioned within the present
whitepaper is of purely technical nature and not
related to any legal claim of an Elongate token holder.
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Compliance with Tax
Obligations
The team does not guarantee compliance with any
country across the world. Always make sure that you
comply with your local laws and regulations before you
make any purchase.
No Warranties
The whitepaper is provided on an “as is” basis without
any warranties of any kind regarding the whitepaper
and/or any content, data, materials, and/or services
provided on the whitepaper.
Limitation of Liability
Unless otherwise required by law, in no event shall
the contributors to the whitepaper be liable for any
damages of any kind, including, but not limited to, loss
of use, loss of profits, or loss of data arising out of or
in any way connected with the use of the whitepaper.
Future Statements
There may be matters in this whitepaper that are
forward-looking statements. Such statements are
subject to risks and uncertainty. Participants are
cautioned not to place undue reliance on these
forward-looking statements. The actual results or
events that transpires afterwards may be different
from what is implied here. The team shall not
guarantee the accuracy of the forward-looking
statements outlined in this whitepaper.
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