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 25,000 people1, 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
investors looking to support our chosen Organization, as well as charities that will be
charities, and even a correspondence request chosen by the community as we mature in
by the New York Times. time.

ElonGate’s boldest goal

is to ease the suffering of
millions through charitable
contributions.

1 Data correct as of 02 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
» Conceptualization of an NFT launchpad
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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.
currently underway.

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. Biweekly (every other week) charity
» Re-branding of website, social media donation starting 04 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.

» Finalization and release of NFT c. ElonGate listing in major exchanges

launchpad; overarching activities in that share our belief; we will favor
the NFT space which includes drops, listing in exchanges where a charitable
auctions, and competitions donation can be done in lieu of the
listing fee. This initiative is currently in
» Confirmation of CoinGecko and the works.
CoinMarketCap listing
d. We have officially reached out to
» Crowdfunding for registration and listing CoinGecko to have ElonGate listed;
in major exchanges CoinMarketCap will be the next.

4. The ElonGate NFT launchpad is currently

undergoing a major overhaul under
the leadership of our Engineering and
Logistics Department.

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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
ElonGate ($ElonGate) is a BEP20 token
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 of investors.
Binance Smart Chain
The Binance Smart Chain (BSC) is a
blockchain network that runs in parallel
to the Binance Chain. In contrast to the
Binance Chain, BSC features smart contract
functionality and compatibility with the
Ethereum Virtual Machine (EVM). The
Binance Smart Chain offers our community
the added interoperability of facilitating
their investments 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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PancakeSwap
PancakeSwap is a Binance Smart Chain-
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.
Gnosis Safe Multisig
As an added security feature for the token/
liquidity pool of ElonGate, the Gnosis Safe
Multisig platform was implemented. The
Gnosis Safe Multisig is a smart contract
wallet that requires a minimum number of
people to approve a transaction before it
can occur (M-of-N). This means that a multi-
signature signoff from the whole of the
leadership team is required for any token
interactions with the LP wallet.
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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
The earn aspect of ElonGate is backed by
the imposed 10% tax for all transactions.
Five percent of this tax is redistributed to
the community, 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. Five percent of the tax is redistributed to
our community of holders, proportional
to the ElonGate tokens they hold.
2. The remaining 5% is transferred back
as liquidity provider tokens to the
PancakeSwap Liquidity Pool (LP). On
a biweekly 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.
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.
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Token Extraction
For the best interests of the community,
the burn process has been instituted as part
of a manual extraction process ocurring
every 14 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 two-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. We
also have a wallet set up to hold manual buyback
funds: up to 20% of the BNB extracted in a cycle can
be returned to the pool to support a stable liquidity.
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
67% - Charity
20% - Marketing fund 400,000,000,000,000
13% - Business & Logistics fund
Pre-Sale Allocation
Of the extracted ElonGate:

67% - Burn
33% - Community Giveaways

In other words, 1% of the accumulated

transaction volume of the two-week period
will be donated to charity, and an equal
amount will be burned.

Transaction Fee
Model

5% Holder Reward
Extracted
Distribution BNB

90% Sent to
Destination Charity
5% Liquidity Marketing
Donation
Pool Fee

Business
Needs

New LP 60% Token Extraction

This Cycle 40% Retained Liquidity
Extracted
ElonGate

Existing Giveaways

Liquidity Burn

Pool

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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.
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.
*
Children International accepts cryptocurrency
donations

For its efforts to combat hunger and ElonGate’s highest aim is to be the official
contributions to better world conditions, the partner of charitable organizations in the
WFP was awarded the Nobel Peace Prize in cryptocurrency space. We aim to educate
2020. 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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The ElonGate NFT
Launchpad
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
community NFT Launchpad.
The ElonGate NFT Launchpad is a platform
exchange built upon the ElonGate
ecosystem that facilitates the tokenization
of multimedia art as well as the ability of
our community to trade and own these
assets. This provides not only a utility
aspect but also a redeemable aspect to
the ElonGate token. As with any offerings
within the ElonGate ecosystem, charity is
well integrated into our crypto-collectible
platform.
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The team is proud to share that 80% of
our NFT Launchpad profits will go towards
charitable donations, a commitment that
we will always uphold.
The use of BNB, as well as ElonGate, will be
supported in our NFT Launchpad, ensuring
low gas fees for our community. To reflect
our 3 fundamentals, a value-added feature
reflecting the earn aspect of our token has
been integrated – NFT holders within our
ElonGate ecosystem are entered into our
NFT rare giveaways. This gives our NFT
community a chance to own NFTs of varying
rarities backed by a predefined supply and
distribution system.
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Leadership Team

Lorenzo Andree Alexander Gambon Gene Rhode

Developer & Head of Community Fuensalida Pantig
Organizational Director & Brand
Head of Marketing
& PR

Hasan Aziz John Phillips

Head of Engineering Head of Charity
& Logistics & Accounting

Leadership Team contact: info@elongate.co

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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 owners of, or
contributors to, the whitepaper responsible
for the actions, decisions, or other behavior
taken or not taken by you in reliance upon
the whitepaper.
Investment 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 investment 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
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.
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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 owners of, or contributors to,
the Website 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.
Arbitration
The reader of the whitepaper agrees to
arbitrate any dispute arising from or in
connection with the whitepaper or this
disclaimer, except for disputes related to
copyrights, logos, trademarks, trade names,
trade secrets, or patents.
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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