Welcome to the Low Orbit Crypto Cannon Protocol, join us on our journey to the solar system.We employ such simple functions, strong and powerful: Each time a transfer occurs on the $LOCC token, over Uniswap or any buy/sell occuring on the ERC-20 asset:- 5% of the amount is burned from the supply.- 5% sent to the Low Orbit Propulsor Contract for pulsation.The pulsation engine then starts to power up and load with the tokens collected from the pulsation fees, ready to get one of our hodler in the next Orbit Pulsation Session. Approximately every 30 minutes (~138 eth blocks as 1 eth block occurs every 13 seconds): One of the hodler in the Low Orbit Propulsor Staking Contract receive the entire fees generated from the current pulsation wave.When you buy $LOCC on the Uniswap Pair (ETHLOCC) no fees are applied, which mean no burned token or sent to the Low Orbit Propulsor Contract. But on each transfer from $LOCC you then have to pay both fees. If you sell on the pair your $LOCC token then the fees are applied. Therefore empowering the hodl for reaching the orbit and having an incentive for hodling $LOCC. WHEN YOU SELL YOUR $LOCC YOU NEED TO SET A SLIPPAGE ON UNISWAP OF AT LEAST ~ 12% -> the 10% fees are retributed as explained above
Low Orbit Crypto Cannon (LOCC) is a deflationary defi token that uses powerful and efficient smart contracts on the Ethereum blockchain. Every 'x' number of ETH blocks propulsion occurs! Basically, you stake a minimum of 0.055 LOCC tokens to be eligible to enter the draw, fees are generated from each trade, partially burned, and then one staking hodler is selected for propulsion. This staker, or astronaut as they call them on their website, is chosen at random and receives all of the collected fees that accumulated within the previous 'x' number of blocks!
LOCC tokens can be traded on decentralized exchanges such as Uniswap. If you do plan on staking, something important to note is that there will be a 10% transaction fee. You will have to do the math so that you can ensure you are staking enough LOCC tokens so that you will still have 0.055 staked and not 10% less. For every transfer that occurs on the $LOCC token, over Uniswap or any buy or sell that occurs on the ERC-20 asset, 5% gets burned from the supply and 5% is sent to the Low Orbit Propulsor Contract to be put into the lottery. The circulating supply will also continue to deflate until there are just 500 tokens left in circulation.
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