Elon Gate, the social impact-focused cryptocurrency, has just upgraded to a new smart contract for V2, and will now be known as EG.
EG's mission is to create a global movement that defies the status quo and makes profitability intrinsically linked to positive social impact.
EG has three pillars that guide their work: igniting a social transformation, building transparent pathways to capital for earning and giving, and empowering people to create a sustainable world.
EG is building the tech of the future from finance to entertainment to human connection. They want to make sure that the technology they build unites rather than divides people. They're also committed to sustainability with zero mining and a carbon-negative footprint.
Social impact is fundamental to everything EG does, powered by their community. They've donated over $3.7 million in direct impact where it's needed most. They also have a commitment to sustainability with 30% of revenue from partners at HeadsTails funding social impact moving forward.
Here are some key insights into the features and changes:
EG Ecosystem: EG is creating innovative products with and for the crypto community. Revenue goes to create a rewarding community experience and fund social impact.
Salesforce Crypto Exchange: EG has built the first crypto exchange native to Salesforce. 1% is charged on all transactions and is used for EG Token Buyback. 0.5% goes to Social Impact while the other 0.5% is burned resulting in a big volume boost for the token.
EG Social Impact Portal: Check out EG's social impact across the 17 UN SDGs, see proof of EG's $3.7 million+ donations to date, and donate directly to your favorite causes.
Burn Party: This is a unique multi-chain token burn platform supporting community-organized token burns in a trustless manner. Every successful token burn results in a meal donation via the EG volunteer network.
EGMigrate: A migration solution for projects and token holders to upgrade smart contracts and swap old tokens for new ones.
EGTrade: A token Swap and charting solution which can be connected to any Decentralised Exchange (DEX) and also allows you to buy BNB directly via FIAT. Soon, the EGSwap site will be overhauled into a full DEX. Oboarded projects will earn a fair share of trading fees!
Gator Gang NFT Collection: A collection of unique collectible Gators. Membership in the GG unlocks direct rewards and other exclusive perks. The team is planning to realease an NFT staking platform, where holders can earn an exclusive share of community revenue just by holding Gators!
EG Blockchain Agency: Hire the EG team for your blockchain tech needs.
Blockchain Alliance for Global Good (BAGG): An alliance of blockchain companies with the goal to unite blockchain and cryptocurrency companies together to incentivize inherent and integrated social impact.
EG token: It's a community-governed token that aims to further the mission of social impact with crypto!
EG has a total supply of 6 billion with 18 decimal places. Buy/Sell tax is reduced to 5%, and transfer tax from one wallet to another is removed. Reflections and Autoburns are also disabled.
Manual burns via Burn Party will continue. And with EG v2, the token adds transparency, openness, and security to its operations.
Plus, lopsided liquidity issues common with "moon" coins are fixed, and community working groups are formed to oversee operations. All wallet info is also made public, and there is no centralized LP Holding.
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Note: In compliance with Binance Feed Creator Content Guidelines Section B.8 , I expressly state that this article is sponsored by EG