Low Orbit Crypto Cannon (LOCC) | Voskcoin Explains
Welcome to Watch Crypto! In this video, Voskcoin takes a closer look a Low Orbit Crypto Cannon (LOCC).
The Low Orbit Crypto Cannon had an initial liquidity offering (ILO) in May 2021 with a total supply of 1000 LOCC tokens. LOCC is a fungible cryptocurrency that can be traded on decentralized exchanges such as Uniswap. Participants were able to contribute to the ILO using Ethereum (ETH) using a Web 3.0 wallet, such as MetaMask. The pre-sale was over almost before it began! In under 1 minute the tokens were sold out.
The LOCC Ethereum Smart Contracts have been successfully audited by RD Auditors. With such a low LOCC supply the token price is likely going to be on the higher end of cryptocurrency prices. Opposite of meme token Safemoon, which has a massive supply giving it a very low token price, the small divisible supply of LOCC will likely have a price in the 4-6 digit range before the decimal. The supply will continue to deflate until there are just 500 tokens left in circulation.
About Low Orbit Crypto Cannon
Low Orbit Crypto Cannon (LOCC) is a deflationary defi token ruled by simple, yet powerful and efficient smart contracts on the Ethereum blockchain: Fees are generated from each trade, partially burned, and then one staking hodler is selected for propulsion every 138 ETH blocks. This staker who is chosen at random receives all of the collected fees that accrued within the previous 138 blocks!
In order to be a candidate for the lottery-like jackpot, a staker must have a minimum of .075 LOCC staked. If you plan on Staking remember that the tx will have a 10% fee - so be sure to consider this and do the math so after your staking is supplied/approved you will still have the .075 staked and not 10% less! Looking at the community on telegram there were a number of LOCC hodlers that did not take this into account.
Each time a transfer occurs on the $LOCC token, over Uniswap or any buy/sell occurring on the ERC-20 asset: 5% of the amount is burned from the supply and 5% is sent to the Low Orbit Propulsor Contract for pulsation.
- Follow LOCC’s social media channels and important links to stay up to date with the latest news: