Road Town, BVI, June 7th, 2023, 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.
ELMOERC (ELMO) is a memecoin project whose token features a unique "burn and earn" mechanism. The listing of ELMO on LBank Exchange will expand its global footprint and support deeper liquidity.
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 ELMO Token
ELMOERC is a memecoin with an aggressive burn mechanism that has seen 125M tokens burnt since its launch. This is implemented via a 10% tax on DEX trades. ELMO started out with a total supply of 1 billion, but 500 million of these tokens were burned prior to launch. There is a 0% tax on buying, a 10% tax on selling, liquidity is locked, ownership has been renounced, and team tokens have been secured under lock.
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About LBank
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.
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