update 19 August 2021

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.

price change

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.

More posts

Never Miss a Crypto Event Again – Coinmarketcal

Coinmarketcal supplies valuable information about crypto-related events to the market. The network was born out of a desire to provide an organized location. There, investors could find vital data about the ever-expanding crypto market. Today, the platform offers an extensive suite of features. These services enable investors to monitor for potential catalysts across the entire industry. History of the Coinmarketcal Coinmarketcal entered the market in 2017 to create one place to find all helpful crypto-related events. At that time, the market was going…

The Beginner’s Guide to The Graph (GRT)

The Graph (GRT) is a decentralized, open-source indexing protocol for blockchain data. Starting with Bitcoin's inception, blockchain technology has become a playground for developers, investors, and organizations. All these entities look to develop new financial instruments and help everyone profit from them. However, navigating around a distributed ledger has turned into a tricky endeavor for newcomers. Fortunately, innovative projects, such as The Graph, look to simplify things for everyone. This indexing protocol aims to enable developers to build various APIs…

Alto City – Location Inspired NFT Collectibles and More

The Alto City developers want to combine depictions of the world's top cities with the excitement surrounding the NFT market. The platform combines luck with a collection of rare artwork to create a fun user experience unlike anything else in the market. Users unlock new cities and artwork with every minting. Best of all, each NFT collectible is 100% unique. Your freshly-minted NFTs reach the OpenSea market automatically. This way, you can save time and effort when looking to resell…

CoinxPad – Centralized/Decentralized Multi-Chain IDO Launchpad

CoinxPad provides a platform where upcoming projects can conveniently and securely distribute their tokens and raise liquidity. Early-bird investors will soon have a safe place to access projects via the CoinxPad CEX-DEX Multi-chain IDO Launchpad. The pioneering Launchpad is set to go live this September with multiple innovations. Above all, it will offer investors access to secure, trustworthy, and innovative blockchain projects. The LaunchPad platform now allows small, medium, and big investors to find high-quality projects. Also, it gives them…

The Soccer Doge Club – An NFT Project with Interplanetary Goals

The Soccer Doge Club is a new NFT project that combines cryptocurrencies and soccer. The platform aims to expand NFT use and value by appealing to sports fans. Above all, it proposes a fun and light version of the Dogecoin project.  Its developers plan to capitalize on the Doge meme’s popularity. Also, they believe that the exponential growth potential of the non-fungible token market will help. After all, both sectors have seen considerable growth over the last two years.  How…

Open Sea – A Pioneer in the NFT World

Open Sea is one of the most reputable NFT marketplaces in existence. The network enables users to buy, sell, and explore collectibles, game items, Art NFTs, and various other digital goods. Notably, Open Sea was the first NFT marketplace to enter the market. This pioneering spirit enabled the platform to establish and maintain a dominant position in the market.   Today, Open Sea still operates as the largest NFT marketplace in terms of the daily trading volume. The network has +4 million…

ArtVerse The First Decentralized Trading Protocol for Artists

Despite being lucrative, (currently valued at over 50 billion dollars) the art sector has continually faced a myriad of problems. Exaggerated prices, lack of trust and transparency, counterfeits and piracy issues are some of the major challenges facing the art industry. 2020 was exceptionally a difficult year for the art sector thanks to the pandemic which greatly affected sale of art pieces with the closure of exhibitions, museums and art galleries across the globe. As such, the industry witnessed a…

Vortex Defi: The Pioneer One-Stop Shop For Defi and NFT

The growth of Defi has been impeccable since its launch. Today, the ecosystem consists of several classes of Defi smart contracts. Among them are platforms for lending and payments, DEXs, derivatives, insurance, staking, and NFTs. However, one problem that the DeFi space has to counter is complexity. To enjoy different Defi services, you must register accounts on several applications. This comes with numerous inconveniences. What if there was a platform that integrates the many Defi services in one dashboard? Vortex…

What is aelf (ELF)? – A Review of the Self-Evolving Blockchain of the Future

aelf blockchain is, by all means, one of the most interesting blockchain projects right now. It is a decentralized cloud computing platform that enables businesses to build their DApps on proprietary side chains. Besides being bulletproof safe, it is self-evolving, scalable, and lightning-fast. Above all, it incentivizes users to participate in a unique and rewarding form of governance. In this guide to aelf, we take a closer look at what may be the next breakthrough in blockchain technology. Read on…

Meet Sealanas: Seal Art NFTs on Solana Blockchain

If you haven't heard of NFTs, you must not have been following the latest crypto trends. These unique tokens are quickly gaining attention even beyond the crypto sphere. As more NFT projects emerge, we'll see the impact they will have on the global economy. Now, we are going to talk about Sealana NFTs. The newest contenders in the game are Sealana NFTs. These tokens are built on the Solana blockchain and are just making their way onto the scene with an upcoming initial…