• LBank Exchange will list ELMOERC (ELMO) token on June 9.
• 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.
LBank to List ELMOERC Token
LBank Exchange is set to list the ELMOERC (ELMO) token, with its ELMO/USDT trading pair going live on June 9th at 9:00 UTC. This listing will help expand the global reach of ELOMO and further improve liquidity for its users.
Features of ELMO Token
The goal of the project is to become the ultimate memecoin through a rapidly reducing supply, utility, and accessibility. To this end, it imposes a 10% tax on DEX trades and 6% on CEX trades in order to create a robust circular economy. Additionally, 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. Furthermore, staking NFTs are being planned by the team behind it as well.
LBank is one of the top crypto exchanges established in 2015 with over nine million users from more than 210 regions across the world. It offers specialized financial derivatives, expert asset management services and safe crypto trading options for its users while also ensuring integrity of user funds with an aim to increase global adoption of cryptocurrencies.
Impact of Listing
The listing of ELOMOERC’s token in LBank will have multiple positive impacts such as increased visibility for both parties involved; improved liquidity; higher accessiblity; deeper market penetration etc which could potentially lead to further collaboration between them in future projects as well.
In conclusion, we can say that this listing provides a great opportunity for both companies involved – LBank gets access to an innovative memecoin while Elmoerc gains a greater reach within cryptocurrency markets around the world thus helping each other mutually benefit from this partnership.