Low Orbit Crypto Cannon (LOCC) Hot
LOCC aka Low Orbit Crypto Cannon is a defi deflationary token where staker's are chosen at random every 'x' number of ethereum blocks. An eth address is randomly selected by open-source code after a tx on the protocol triggers a propulsion wave. The website will begin shaking as a staking astronaut is blasted into orbit where they receive all the collected fees sent directly to their staking wallet address.
Circulation supply, a good orbit cannon needs a proper economy:
Almost every $LOCC minted (800) will be in circulation and will be completely used in the public sale.
Team wallet dev funds 50 $LOCC (5%)
Marketing for growth and adoption 50$ LOCC (5%)
Remaining treasury funds will be used in the public presale and added over the Uniswap liquidity (locked liquidity for 1 year) 800 $LOCC (80%)
There is a limit of 500 $LOCC burned to avoid the supply going to zero. This means that the market cap can be multiplied at each transfer and on token burning events.
Low Orbit Crypto Cannon (LOCC) is a deflationary defi token that uses powerful and efficient smart contracts on the Ethereum blockchain. Every 'x' number of ETH blocks propulsion occurs! Basically, you stake a minimum of 0.055 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 'x' number of blocks!
LOCC tokens 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. 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. The circulating supply will also continue to deflate until there are just 500 tokens left in circulation.