This is a low market cap gem with strong upside potential you should watch out, according to Altcoin Buzz
In a recent video, Altcoin Buzz shares with their subscribers an undiscovered altcoin gem with massive explosive potential called Low Orbit Crypto Cannon (LOCC). According to the analyst, the coin has just added to Coingecko and Coinmarketcap.
Low Orbit Crypto Cannon (LOCC) Overview
Low Orbit Crypto Cannon (LOCC) is a deflationary Defi token built on the Ethereum blockchain. LOCC protocol employs simple yet powerful functions that promise to reward the LOCC token holders every 60 mins.
“Interestingly, LOCC is a deflationary token with a super low supply and stands designed and owned by the community”.
According to the channel, the project is in the early stages of development and recently completed a successful Initial Liquidity Offering (ILO) on Unicrypt and currently, the $LOCC tokens are tradable on Uniswap.
At the time of the video, the coin was trading at $1,038. One the reasons for the crypto channel’s bullish optimism on this project is due to its slow supply of token. The total supply of $LOCC remains fixed to 1000. All 1000 of the minted tokens will remain in circulation.
“However, out of this total supply, 5% of tokens (50) remain allocated to the team wallet developer funds and another 5% to the marketing growth. The remaining 900 were used in the public presale and added over the Uniswap liquidity”.
Another reason is because LOCC is a deflationary token.
“This means whenever a transfer occurs on the $LOCC token over Uniswap or any trade occurring on the ERC-20 asset, 5% of the amount stands burned from the supply.
As Altcoin Buzz explains, each time a transfer occurs on the $LOCC token, over Uniswap or any trade occurs on the ERC-20 asset, another 5% of the amount goes to the Low Orbit Propulsor Contract for pulsation.
“Interestingly, the innovative pulsation engine starts to power up and starts loading itself with the tokens collected from the pulsation fees”.
“Approximately, after 276 ETH blocks or 60 minutes, this entire pulsation fee collected over time stands rewarded to a $LOCC holder”.
The project has 95% achieved their target for Q2 of 2021.
In Q3, they plan to launch DAO Platform for Governance and more community driven decisions for Protocol evolution. In addition, the team will start to code and deploy a LOCC dApp to monitor the collected fees, burning states and more stats over the supply deflationary system.
Importantly in Q4 of 2021, they will burn the 50% left $LOCC tokens allocated from the tokenomics and deploying a custom farming program for another incentive for the $LOCC token.
Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.
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