44
views

LOCC Protocol – A New Deflationary Token Providing Great Incomes for Hodlers

Low Orbit Crypto Canon, acronym LOCC, is defined as a deflationary token designed to help the community by providing income-earning opportunities. 

According to their website, the platform introduces a new style of staking, where the fees generated after propelling around 138 ETH blocks is awarded to one lucky staking Astronaut. The propulsor contract is the tool designed to collect the pulsation fee when transactions occur. The collection and merging of these 138 blocks should be taking around 30 minutes.

Primarily, it will deploy this tool on Uniswap to affect the daily buying and selling of the LOCC token. Therefore, the feature will possess powerful features to complete its tasks. LOCC burns some of the collected fees while using others in propulsion. 

For instance, 5% of the fee is apportioned to the propulsor contract to help run the next propulsion. 

5% of the fee is burnt from the supply, effectively reducing LOCC circulation over the years. A maximum number of LOCC is burned to make sure that the token supply never runs low. The maximum is 500 tokens. Therefore, when about 500 tokens have been burned from the network, the perpetual burning system will end. 

Although this platform provides excellent opportunities for users to earn incomes, there are requirements to attain and several steps you need to follow when staking. 

Staking in LOCC Propulsor Contract

Foremost, the investor/staker must have not less than 0.075 LOCC staked on the LOCC webpage. 

Afterward, you can wait until the countdown of the propulsion goes to zero, at which point the propulsion begins. The screen will start shaking, as a show that now the propulsion is beginning. 

The winner is awarded all the fees in the contract, and the propulsion process continues perpetually. It’s possible to view the history of the winner. 

$LOCC Token and Tokenomics

According to the whitepaper, the $LOCC token is the primary token running the entire Low Orbit Crypto Cannon platform. Primarily, this token will help in fee payment and staking.  

The total supply of the LOCC tokens is 1000, which will all get distributed as follows;

  • 900 $LOCC tokens, 90% will be used as circulation currency. These tokens will be initially used during the Presale and later added on the UniSwap for utter liquidity. 
  • 5% of LOCC goes to the team wallet development funds
  • 5% of the tokens will help in all the marketing and advertising works of the LOCC network to steer it in the right direction.

The LOCC Network Security and Reliability

The LOCC network is promising to offer convenient and reliable services to the average user. This platform was audited by the RD Auditors where they analyzed the platform’s smart contract. The audit checked issues like errors, bugs, and many more system issues, and after thorough analysis, RD Auditors released their report. 

According to the report, the LOCC network is highly secure with 0 risk issues and no errors. To show how they are committed to the safety and transparency of the network, LOCC posted their audit results on the web page for easy access. 

Similarly, LOCC introduces a highly user-friendly interface that displays all the necessary services, thus highly convenient for beginner and experienced crypto users.

Join the $LOCC Presale

Join the $LOCC Presale

The LOCC network plans to host its Presale from the 12th of May, 2021, at 18:00 UTC, and ends on Friday, May 21:01. Unicrypt launchpad will be the host of the LOCC presale; thus, all investors can take advantage of this great opportunity. 

Every user has to adhere to the presale requirements of the Unicrypt network, including holding either 4 UNCX and 50 UNCL. Accordingly, the audit by the Unicrypt auditors has given the platform a clean record, meaning there are no vulnerabilities in the network. 

Although the Presale will leverage the Unicrypt network, the sale will be held in ETH, meaning you must have ETH to purchase LOCC. The presale value of $LOCC token is 1.33333333 LOCC is equal to 1ETH, and the maximum purchase for every wallet is 5 ETH. Accordingly, the targeted soft cap is 100 ETH, and the hard cap is 300ETH. 

Around 60% of the total ETH raised in this sale will be locked for 11 months in liquidity lockers to protect investors. Moreover, immediately after the sale, the tokens will be listed in Uniswap on a 1:1 ratio with ETH. Later, LOCC will list the tokens in other centralized exchange networks. 

For further information and updates about the projects’ Presale, visit their Twitter and Telegram pages, where the updates come fast and conveniently.

Bitcoin live price
Btc
Bitcoin
$35.990
price
7.80174%
price change
BUY NOW

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site.

Stay up to date with our latest articles

More posts

Okane Academy – A Crypto Project to Learn More About Blockchain Investment

Investing is a hard and complex task that requires a specific financial knowledge and experience on the field. While this is a common mantra on the markets, the statement appears to be particularly true when one is faced with the choice of investing on a new market such as the blockchain industry. As a new sector, no one can really claim to possess decades of experience on blockchain investment. The combination between the lack of expert profiles and the typically…

Soft Cash Coin Review – Simplifying Crypto Circulation

While more and more medium-sized companies are starting to accept crypto as a payment method, most of the major shops and e-commerce are postponing this decision. Just to mention an example, at the moment, in most countries in the world, anyone who wants to buy groceries needs to rely on fiat currencies. The exclusive acceptance of fiat money by a company can put anyone holding cryptos in a tricky position. Indeed, turning a coin into, say, U.S. Dollars can be…

NowMeta ($NMETA) Review – Opening the Metaverse for the 99%

The Metaverse is expanding remarkably fast to attract individuals and businesses worldwide. This promising space is open to everyone. However, hard-working citizens making up for the 99% of users still need a secure and easy access path. NowMeta is leveraging the power of Binance Smart Chain and Ethereum to create the strongest cross-chain ecosystem within the Metaverse. The project’s native token, $NMETA, fuels its development and gives holders opportunities for staking, liquidity, and diverse returns. This is where NowMeta steps…

Silicon Finance Review – A Project Aiming to Solve DeFi Issues

One of the hottest trends in the blockchain universe is the application of decentralized finance (DeFi) solutions. Today we will impartially review for our readers the Silicon Finance project, a new DeFi initiative aiming to solve a series of industry issues. The project’s team aims to achieve an increase in the safety of DeFi, with obvious benefits for the whole blockchain community. Furthermore, the initiative will look into a way to introduce more democracy and equality on Initial Dex Offerings…

AidiVerse Review – The Blockchain Ecosystem for Everything DeFi

AidiVerse is a blockchain-based ecosystem aiming to provide several crypto assets and utilities. The project plans to deliver everything DeFi, including an NFT platform, P2E gaming, and decentralized exchange services. Furthermore, it should soon expand to incorporate yield farming, asset performance analytics, and even physical merchandise. These features and many more should help AidiVerse rival more established blockchain ecosystems in the cryptosphere. This short review looks closer at this up-and-coming project, its tokenomics, and its roadmap. What is AidiVerse? Blockchain…

BabyShibaCoin Review – A New Meme Crypto Community

Since the day Dogecoin (DOGE) has jokingly joined the crypto market, the memecoin trend has caught considerable attention in the blockchain universe. DOGE was followed by SHIB (“the anti-DOGE”, as the founding team labeled the project), and more meme coins have joined the race, day after day. While keeping a neutral point of view, this review will present the BabyShibaCoin project. Considering the ongoing nature of the initiative, we report the main details known to the market in the article.…

Legends Battle Review – A New 3D NFT Multiverse Game Experience

Last year the world came to know the high versatility of the non-fungible tokens (NFTs) in managing digital assets’ property. This scheme is becoming the following significant change in the gaming industry, with more and more companies entering the market. Legends Battle is a new initiative in the blockchain ecosystem to build a new Play-to-Earn (P2E) experience for gamers. In addition, legends Battle wishes to create a virtual in-game active economy by adding a Multiverse dimension to the project. This…

Shiba Lottery – A Blockchain-based Prize Game

From the day when two Adobe and IBM employees jokingly launched Dogecoin (DOGE) on the market, the crypto universe has witnessed the birth of a new phenomenon. Today, the meme coins niche is taking on increasingly serious traits, with a multi-billion dollar market capitalization. In recent times we have seen the birth of many projects in the meme coin-sphere, and today we will talk about a new initiative in the sector. Shiba Lottery enters the blockchain market as a prize…

THTF Review – A Crypto Trip to the Wild West

THTF is a Wild West-themed new project that will go live by the end of Q1 2022. Many crypto enthusiasts are familiar with the increasing popularity of Play-to-Earn (P2E) games, and THTF belongs to this category. Gaming, blockchain, and cryptocurrencies are interconnected processes, contributing to the launch of new online products such as this one. Therefore, our review will impartially discuss the main features of THTF and its project roadmap. Being an ongoing project, we will keep an eye on…

Ethereum-backed Shortage.Finance Rewards HODLers

Shortage.Finance is an advanced safe asset. The network leverages Ethereum and proprietary intelligent contracts as its primary backing. The project's goal is to provide the DeFi community with a HODL-centric alternative. Specifically, the program improves the store of value aspects of cryptocurrencies and builds user confidence. Safe Assets vs Stablecoins Safe assets differ from stablecoins in a couple of different ways. Primarily, stablecoins derive value from a pegged asset or assets. They can also integrate smart contracts to improve these…