A new token has entered our solar system. LowOrbit.Finance (LOCC) is a deflationary DeFi token built on the Ethereum blockchain. Prepare for “propulsion” into the stratosphere with a single asset staking pool that allows LOCC stakers a chance to win tokens every hour.
This token is not yet listed on CoinGecko but was listed on CoinMarketCap on May 18, 2021. The project is in the early stages and had a successful initial liquidity offering on May 12, 2021.
For anyone who wants to have a chance to win each of the propulsion draws, the requirements are staking 0.055 LOCC. If you have an Ethereum-based wallet, such as MetaMask, you can stake 0.055 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.
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 and are partially burned and then one Ethereum wallet that is staking receives all of the collected fees that accumulated within the previous 276 blocks (approximately one hour time intervals between propulsions).
The total supply of LOCC is 1,000; the tokens are, however, divisible — similar to Bitcoin (BTC) and Ether (ETH). On the official website, the number of tokens that have been burned is indicated, which subsequently reduces the supply with each transaction.
ILO hard cap reached quickly
The presale hard cap was reached in less than one minute in the successful initial liquidity offering event. The circulating supply will continue to deflate until there are just 500 tokens left. 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 decentralized finance token.
You can learn more about Low Orbit Crypto Cannon by visiting its official site or social media accounts below. For your chance to win one of the propulsion draws, 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 increase 30x and reach the status of “epic propulsion?” DYOR and visit the LOCC website here.