A CRYPTO coin created from an Elon Musk tweet has the potential of “going to the moon” thanks to crypto enthusiasts.
The crypto world has skyrocketed in value over the past few years after the success of crypto coins like Bitcoin and Ethereum.
What’s the name of Elon Musk’s crypto coin?
Every day new crypto coins are developed, as crypto developers try to recreate the success of the original Bitcoin.
Some cryptocurrencies are created as a joke, like Dogecoin.
However, a new meme cryptocurrency by the name of Elongate has recently been created which has been gaining a lot of online attention.
Elongate was also introduced as a joke, off of an old tweet from the Tesla owner where he told his Twitter followers if he is ever involved in a scandal, they should call it “Elongate”.
“If there’s ever a scandal about me, *please* call it Elongate,” Musk tweeted on March 25, 2021.
An enthusiastic fan wasted no time and set up the Elongate website, a few hours after Musk’s tweet.
What is Elongate?
According to the Elongate website, the crypto is a frictionless, high yield, a deflationary coin made on the Binance Smart Chain.
The coin has already become popular over the internet and among Musk’s fans.
The Elongate website also states that 10 percent of tax is charged on transactions out of which a majority is set to go to charities.
Unlike Dogecoin, which is inflationary in nature, Elongate Coin is deflationary, meaning no new coins can be mined after the limit is reached, meaning if the coin becomes popular it has a lot of potential to rise up in price.
What is the value of Elongate and where can I purchase it?
According to CoinMarketCap, one Elongate is worth 0.000000536.
The new Musk crypto won’t be found on big crypto marketplaces like Bianance or Coinbase just yet.
The only way to purchase some Elongate is by buying some Bianance Token (BNB), which is used to trade for Elongate.
Once folks have purchased BNB they will have to transfer it to an external crypto wallet like Metamask or any other wall of their choice.
Finally, go to Pancakeswap and use the token address of Elongate – 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385 – to exchange it with your BNB that you have purchased.