von • LBank Exchange will list the ELMOERC (ELMO) token with an ELMO/USDT trading pair.
• ELMOERC’s token features a unique “burn and earn” mechanism, where sellers are taxed 10% on DEX trades and 6% on CEX trades to fund burn activities.
• LBank is one of the top crypto exchanges established in 2015, offering specialized financial derivatives, asset management services, and safe crypto trading for its users.
LBank Exchange to List ELMOERC (ELMO) Token
Chainwire Digital asset trading platform LBank Exchange is to list the ELMOERC (ELMO) token. The ELMO/USDT trading pair will officially go live on LBank at 9:00 UTC on Jun 9, 2023.
Features of ELMO Token
The ELMO token imposes a 10% tax on DEX trades and 6% on CEX trades, mechanisms that support a robust circular economy. The goal of ELMOERC is to become the ultimate memecoin through a rapidly reducing supply, utility, and accessibility. The team behind ELMO intend to introduce staking, NFTs, and many other features. Long-term diamond holders are rewarded through substantial burns funded by taxes imposed on sellers. Whenever someone sells, the total supply reduces, increasing demand for the remaining circulating supply due to scarcity.
About 500 Million Tokens Burnt Prior To Launch
ELMOMEC started out with a total supply of 1 billion tokens but 500 million of these tokens were burned prior to launch with an aggressive burn mechanism implemented via a 10% tax on DEX trades as well as 0% tax on buying transactions with liquidity locked and ownership renounced. Team tokens have been secured under lock too.
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LBank is one of the top crypto exchanges established in 2015 offering specialized financial derivatives expert asset management services and safe crypto trading for its users from more than 210 regions across the world aiming to contribute towards global adoption of cryptocurrencies
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