Elongate Crypto: Don't Fall for This Costly Gimmick

Elongate is a new cryptocurrency that incorporate charitable giving into its design, the first of its kind. The creators of Elongate say 1% of the weekly transaction volume will be donated to charity each week. They've already boasted that they've sent $750,000 to non-profits like Action Against Hunger and The Ocean Cleanup. Of course, incorporating Elon Musk's joke that "If there's ever a scandal about me, *please* call it Elongate," has helped its initial popularity too. But does that mean you should buy it? Almost certainly not. Here's why... Tags: cryptocurrencies The post Elongate Crypto: Don't Fall for This Costly Gimmick appeared first on Money Morning - We Make Investing Profitable .