Low Orbit Crypto Cannon

Low Orbit Crypto Cannon (LOCC) was a deflationary defi token that utilized smart contracts on the Ethereum blockchain. For each 138 ETH, blocks propulsion was to occur. Users could stake a minimum of 0.055 LOCC tokens to be eligible to enter the draw.

Fees were generated from every trade, partially burned, and one staking holder was picked for propulsion. This staker, or astronaut as they are referred to by Low Orbit Crypto Cannon, was randomly chosen and received the collected fees that accumulated within the previous 138 blocks. LOCC tokens could be traded on decentralized exchanges. There was a 10% transaction fee.

Users were required to ensure they were staking enough LOCC tokens so they will still have 0.055 staked, and not 10 percent less. For each transfer that occurred on the $LOCC token or any buy or sell that occurred on the ERC-20 asset, 5 percent was burned from the supply, and 5 percent was sent to the Low Orbit Propulsor Contract to be put into the lottery. The circulating supply was supposed to continue deflating until only 500 tokens were left in circulation.