[PRESS RELEASE – May 17 2021]
A new token of epic ‘PROPULSION’ has entered our solar system. Low Orbit Crypto Cannon (LOCC) is a deflationary defi token that uses powerful and efficient smart contracts on the Ethereum blockchain. Prepare to be “propulsed” into the stratosphere with a single asset staking pool that allows stakers a chance to win LOCC tokens every hour.
For anyone wanting to have a chance to win each of the propulsion draws, The requirements are that you stake 0.055 LOCC tokens. If you have an Ethereum based wallet such as Metamask, you can stake .055 LOCC tokens into the propulsion contract. Doing so enters your wallet address into the contract and it can be selected to win any of the upcoming draws. You will be entered to win as long as you have your .055 LOCC tokens staked in the pool or if the community votes to have this staking amount changed in the future.
The pool rewards for each propulsion come from the fees being generated from the transactions of the LOCC token. Fees are generated from each trade, partially burned, and then one eth wallet that is staking receives all of the collected fees that accumulated within the previous 276 blocks (Approximately 1 hour time intervals between propulsions).
The total supply of LOCC is 1000 tokens which are fungible and divisible – similar to Bitcoin, Dogecoin, and Ethereum. On their website, it shows the number of tokens that have already been burned (approximately 30 at the time of posting this).
Pre Sale Sold out in Under 1 Minute
The presale hard cap was reached in less than a minute in the successful initial liquidity offering event. The circulating supply will continue to deflate until there are just 500 tokens left in circulation. A deflationary asset has become a popular trend in cryptocurrencies. By a tokens supply being deflationary, the remaining tokens become more scarce which makes them more valuable in theory.
60% of the total liquidity that was raised from the LowOrbit.Finance pre-sale has been locked into a liquidity contract. With such a low total supply, a smaller circulating supply, and the circulating supply being reduced with each transaction, LOCC makes for a unique defi token.
You can learn more about Low Orbit Crypto Cannon (LowOrbit.Finance) LOCC by visiting their official site or socials below. For your chance to win a propulsion be sure to check out this new deflationary defi token. With such a low token supply this token could see much higher valuations. The current market cap sits at just $1 million! Could this token 10x to 10 million? DYOR and check it out.
Website – https://loworbit.finance/
Telegram – https://t.me/loworbit_crypto
Twitter – https://twitter.com/loworbit_crypto