Are you ready to blast off? The newest crypto token has just hit the market and it is out of this world! 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 you a chance to win LOCC tokens every 138 ETH blocks in their propulsion lottery! Basically you stake a minimum of 0.055 (.062 including fees) LOCC tokens to be eligible to enter the draw, fees are generated from each trade, partially burned, and then one staking hodler is selected for propulsion. This staker, or astronaut as they call them on their website, is chosen at random and receives all of the collected fees that accumulated within the previous 138 blocks!
These tokens are a fungible cryptocurrency and can be traded on decentralized exchanges such as Uniswap. If you do plan on staking, something important to note is that there will be a 10% transaction fee. You will have to do the math so that you can ensure you are staking enough LOCC tokens so that you will still have 0.055 staked and not 10% less – so stake .062 and you will have .055 left which makes your wallet eligible for all the upcoming propulsions while staked. For every transfer that occurs on the $LOCC token, over Uniswap or any buy or sell that occurs on the ERC-20 asset, 5% gets burned from the supply and 5% is sent to the Low Orbit Propulsor Contract to be put into the lottery.
With a total supply of only 1000 LOCC tokens, these guys sold out quickly. The pre-sale was done in less than a minute! The circulating supply will continue to deflate until there are just 500 tokens left in circulation. 60% of the total liquidity has also been locked for the first year, so don’t expect to see any rug pulls.
Can LOCC moonshot? That is yet to be determined. If you would like to learn more about LOCC, please visit the website and follow the socials. You can find the links at the bottom of this article.
Website – https://loworbit.finance/
Telegram – https://t.me/loworbit_crypto