[PRESS RELEASE – Warsaw, Poland, July 27th, 2023]
New blockchain project ElmoERC has launched with the goal of combining the fun of memes with practical utility and a rapid deflationary mechanism. An Ethereum-based token, ElmoERC aims to create a vibrant ecosystem for its community through various innovative features.
ElmoERC embodies meme culture and incorporates two essential elements to its tokenomic design: burn and earn. Through sell taxation, the token’s supply is perpetually reduced, fostering a scarcity that benefits holders. Furthermore, ElmoERC’s utility-driven approach ensures a constant decrease in supply, making it an appealing choice for long-term holders.
ElmoERC offers a powerful staking feature where users can potentially not only earn more tokens but also actively contribute to the token’s deflationary process. By staking their tokens, participants help strengthen the project’s position while earning rewards for their support.
The Elmofos NFT Collection comprises ElmoERC’s official set of 2D NFTs. These unique tokens can be minted on the project’s own minting platform. Elmofos NFTs serve as the backbone of the project, as the funds raised from them are reinvested back into the ecosystem. Holders of Elmofos NFTs enjoy a range of benefits including NFT staking, staking boosts, and a 0% sell tax when using the Burn Portal.
The Burn Portal is a novel selling mechanism where users can exchange their tokens against the DEX spot price. Upon selling, all tokens are sent directly to the 0000 null address, resulting in a continuous decrease in the total supply. Users are then rewarded with USDT for their contribution. The Burn Portal showcases ElmoERC’s commitment to maintaining a deflationary design.
ElmoERC is also working on an on-chain First Person Shooter (FPS) game. Participants will compete against each other, aiming to climb the ranks and earn rewards. This innovative approach highlights ElmoERC’s dedication to integrating fun and interactive experiences within the blockchain ecosystem.
ElmoERC combines the joy of memes with practical utility, featuring a deflationary mechanism through sell taxation, NFTs with exciting use cases, staking for burning and rewards, a unique Burn Portal, and an upcoming First Person Shooter game for competitive earning.
With a constantly decreasing supply and multiple avenues for user engagement and rewards, ElmoERC is more than just a memecoin. Interested parties are invited to join the ElmoERC revolution and experience the unique world of meme-powered utility and entertainment. Users are encouraged to participate in staking to earn rewards and contribute to token burning while experiencing the fun of meme-powered crypto culture.
About ElmoERC
ElmoERC, a revolutionary blockchain project, combines the fun and excitement of memes with practical utility and a rapid deflationary mechanism
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