Elongate and Munch projects were able to raise over three million dollars this month for charitable purposes. These two biggest charity crypto tokens are focused on providing aid to non-profit organizations globally.

So, why is crypto so powerful for non-profits?

Crypto donations appeal to more tech-savvy and wealthy investors as they become more secure per diem. Any international donations through crypto are easier to accept, thus minimizing additional transaction fees. At the end of the day, more donation money gets directly into the hand of the organization.

Crypto charity token ELONGATE, has raised two million USD since its first launch three weeks ago. The name itself was born from an Elon Musk tweet in reference to the Watergate scandal and is built on the Binance Smart Chain.

It hosts a series of weekly charity parties via live streams with its community investors. Elongate has already raised and donated to various charity institutions like Children International, Human Relief Foundation, Action Against Hunger, Big gree, The Ocean Cleanup, Mark Rober’s Color The Spectrum, plus the latest one is Give India -a COVID-19 emergency relief project.

Elongate is commemorating its first month of operations and released an announcement that it will be included on the first major exchange listing on BitMart. The ELONGATE/USDT will be open for trading on May 10, 4 am EDT. “In just a month, the Elongate ecosystem has grown to change the face of charity and crypto trading,” said Hasan Aziz, the project’s chief technology officer.

Concurrently, MUNCH is a new DeFi and Ethereum based crypto launched in April. All collected transaction fees are equally distributed between their community and the elected charity organization which is chosen by the community on a monthly basis. This means that Munch collects a 10% fee then allots 5% to charity and 5% back to its community per transaction.

More people and companies are joining the crypto charity drive as a means to help and give back to the community in need. Token holders trust the blockchain technology as the ledger is public and the flow of money is very transparent, making it a top choice.