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,…

Token Burning: Reasons Why Burning Tokens Is Important

What is Token Burning? Token burning or coin burning is an intentional action taken by the coin’s creators to “burn,” i.e., remove from circulation a specific number from the total available tokens in existence. There are several reasons to burn tokens this way, but generally, the move is for deflationary purposes. What actually happens in a coin burn is that the tokens are algorithmically taken out of circulation by sending the outputs to a public address known as an ‘eater…

The Boom in Deflationary Token – What You Need to Know

The crypto space is rapidly expanding and in-comes different token models with different features leveraging varied mechanisms. Tokens in the crypto space are broadly categorized into either inflationary token or deflationary tokens. An inflationary token employs a unique model where tokens are added to the market after a specified period of time.  A well-demonstrated example of an inflationary token is Bitcoin, which is released at a rate of 12.5 new coins every 10 minutes as a reward to the miners…