ELMO
ELMOERC
$0.00000000AUD
Market Cap
793.5K AUD
24H Trade Vol.
700 AUD
Total Supply
301.8M
All
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1M
1Y
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Price Changes
24H:
0.00%
7D:
0.00%
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Purchase Amount
AUD
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Buy ELMOERC (ELMO)

What is ElmoERC?

ElmoERC is a decentralized, open-source blockchain platform that operates on the Ethereum network. It enables developers to create and deploy smart contracts and decentralized applications (dApps). Additionally, ElmoERC functions as a meme coin with a focus on increasing value and scarcity through continuous token burns. By leveraging its unique burning mechanism, ElmoERC aims to capture the interest of both crypto enthusiasts and meme fans.

How does ElmoERC work?

ElmoERC utilizes the Proof of Stake (PoS) consensus mechanism, which supports its ERC-20 token standard operations on the Ethereum blockchain. It features a unique burning mechanism involving a tax on transactions to decrease the circulating supply, thus increasing scarcity. Smart contracts also play a critical role, facilitating automatic and secure transactions without intermediaries. ElmoERC aims to continuously enhance token value through innovative features like staking and burning.

What are the potential use cases for ElmoERC?

ElmoERC has several potential use cases, including:

  • Decentralized Finance (DeFi): Supports various financial services through decentralization.
  • Governance: Facilitating decision-making within its blockchain ecosystem.
  • Liquidity Pools and Yield Farming: Engaging with DeFi mechanisms for earning rewards.
  • Collateralisation Utility: Using tokens as collateral for lending platforms.
  • NFTs: Creating digital assets for collectibles, artwork, or access passes to exclusive events.

What is the history of ElmoERC?

ElmoERC was launched on May 2, 2023, by a team of experienced meme coin developers. The project was established with the objective of creating a deflationary meme coin. Key milestones include the implementation of a unique burning mechanism, the establishment of a staking program, and the ongoing development of their NFT platform. Future developments are anticipated, including the launch of a DAO platform.

Coin Contract Addresses

0x335f4e66b9b61cee5ceade4e727fcec20156b2f0

Resources

Frequently Asked Questions (FAQs)