As the cryptocurrency ecosystem continues to expand, new projects with innovative tokenomics are making their mark. Among these, a new addition to the Ethereum Blockchain, ElmoERC ($ELMO), is making quite a splash in the memecoin market.
The project, started by a group of cryptocurrency enthusiasts with over 15 years of collective experience in the memetic digital landscape, combines the power of fun and finance to provide a unique approach to token value.
TheCoinrise Puts Stake in ElmoERC
In a recent development, today on the 16th of May, 2023, TheCoinrise team has made an exciting investment in the ElmoERC memecoin token. We have invested a total of 0.35 Ethereum (ETH) in this rising star of the memecoin realm. This decision is a testament to our belief in the potential and future of ElmoERC. Stay tuned to our next day coverages, where we will keep you updated on the progress and performance of this investment.
The ElmoERC Vision
ElmoERC isn’t just about creating a token; it’s about creating a token with real value. The team behind this project has implemented an ingenious burning mechanism that rewards long-term diamond holders and decreases the total supply over time.
Rewarding the Diamond Hands
Taxation and the Burn Mechanism
With ElmoERC, there’s a distinct advantage to holding your tokens. The tokenomics of ElmoERC are designed to reward long-term holders. Every sale of ElmoERC is taxed at 10%, which goes straight to the burn wallet, gradually reducing the total supply. This means every time someone sells, the value of the remaining tokens increases due to scarcity.
The burning mechanism is relentless and it will never stop. Every seller contributes to the burn, making every remaining ElmoERC token more valuable.
Zero Buy Tax
The good news for buyers is that ElmoERC comes with 0% buy tax. Yes, you heard it right – you can buy as much as you want, without any additional tax. This unique feature adds to the allure of this memecoin, incentivizing more people to get on board.
Tech and Security at the Forefront
ElmoERC is as committed to technology and security as it is to fun. The team has hard-coded the taxation, ensuring it can never be updated or manipulated. The liquidity is locked, ownership renounced, and team tokens locked, showcasing their commitment to fairness and transparency.
ElmoERC Roadmap: An Exciting Journey Ahead
ElmoERC has a well-defined roadmap that outlines its future plans. The project has planned its growth in phases, with each phase offering unique milestones and events.
Phase 1 focuses on launching the project, striving for listings on CoinMarketCap and CoinGecko, and expanding the holder base. The team also aims to burn over 60% of the tokens, effectively ‘killing one zero’ in the price. This phase includes plans for influencer partnerships, NFT collections, and first Centralized Exchange (CEX) listing.
In Phase 2, ElmoERC aims to take its popularity to the next level, aiming to become the most bullish meme before the bull market. This phase will involve multiple CEX listings, burning over 65% of the tokens, NFT staking, and more exciting additions.
Phase 3 of the project will focus on merchandising, charity, Tier 1 listings, and a target holder base of 50,000. The team also aims to burn over 70% of the tokens by this phase, effectively ‘killing the third zero’ in the price.
ElmoERC is a unique fusion of meme culture and the Ethereum blockchain, aiming to revolutionize the way we see memecoins. With a robust burning mechanism, 0% buy tax, and a clear roadmap, ElmoERC is a project to watch out for. So, whether you’re a seasoned investor or a newcomer to the crypto space, why not join the ride and explore what ElmoERC has to offer?
Contract address: 0x335F4e66B9B61CEE5CeaDE4e727FCEC20156B2F0
Disclaimer: The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Before making any financial decisions, do your own research or consult with a professional.
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