On the 7th of April, the team at ELONGATE was approached by a well-known exchange asking if they would like to be fast-tracked through the application process. Being just a month old, the team at Elongate seized the opportunity.
They immediately took to their socials to crowdfund from their Community to assist in listing fees. In just over 24 hours, the Community across multiple social media platforms spread the message far and wide, and the team at Elongate was able to achieve their goal of the $35,000 needed.
Crowdfunding is a large-scale approach to raising small amounts of capital to fund a project or a venture. In this case, the team at Elongate was crowdfunded from their Community and abroad to develop the project further.
Alex G
admin
