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Low Orbit Crypto Cannon conducts a successful ILO

The Low Orbit Crypto Cannon had a successful initial liquidity offering (ILO) earlier with a total supply of 1000 LOCC tokens

There is no denying that the year 2021 has been the year of cryptocurrencies as we saw bitcoin reach an all-time high. Cryptocurrencies like Ethereum also reached new milestones. And recently, meme-based cryptocurrency Dogecoin also reported impressive gains. Now, a new token, Low Orbit Crypto Cannon (LOCC), is here to make its mark in the space-time continuum. The new crypto token looks promising as it sets to establish itself in the crypto space.

What is LOCC?

Low Orbit Crypto Cannon (LOCC) is a deflationary Defi token ruled by simple, powerful, and efficient smart contracts on the Ethereum blockchain. It is owned by the community, with a fair presale in which everyone can participate. With every ERC-20 token transfer that happens between $LOCC hodlers, 5% of the transaction is sent to the Propulsor smart contract. The LOCC Ethereum Smart Contracts have been successfully audited by RD Auditors.

LOCC conducts a successful ILO.

The Low Orbit Crypto Cannon had a successful initial liquidity offering (ILO) earlier with a total supply of 1000 LOCC tokens. LOCC is a fungible crypto token that can be traded on decentralized exchanges such as Uniswap. Participants contributed to the ILO using Ethereum (ETH) using a Web 3.0 wallet, such as MetaMask. The presale was over in under 1 minute as the tokens were sold out very quickly.

LOCC and the unique propulsion system.

As mentioned earlier, fees on LOCC are generated from each trade, partially burned, and then one staking hodler is selected from a lotto-type system for propulsion every 138 ETH blocks. This staker who is selected at random receives all of the collected fees that accrued within the previous 138 blocks. The propulsion system is working successfully on the network and the initial liquidity offering went as planned. LOCC revealed on its official Twitter account that they deployed a new version of the Propulsor Contract. This new version shifts the “burn” of LOCCs from the Token Contract to the Propulsor Contract V2, which equates to cheaper transfer rates.

In order for you to be a candidate for the lottery-like jackpot, you 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 approved, you will still have the .055 staked and not 10% less – by our numbers you should stake .062 LOCC tokens into the propulsion contract.

LOCC is now live.

LOCC conducted the presale on 12th May, which was a success as all the tokens were sold in 15 seconds. The LOCC official Twitter account tweeted, “we reached our hard cap of 300 ETH within a few seconds. Cannon ready to be loaded up for Orbit!” The firm also announced that the next propulsion is scheduled for the 14th of May at 10 PM UTC after which time the propulsion will occur every 138 ETH blocks, approximately every 30 minutes. Some lucky Astronauts have won over $10,000 already.

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