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.
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Frequently Asked Questions (FAQs)
What is the current price of ELMOERC (ELMO)?
The ELMOERC price is $0.0024141 AUD, representing a -3.15% from the day prior.
Where is the best place to buy ELMOERC (ELMO) in Australia?
The best place to buy ELMOERC (ELMO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell ELMOERC (ELMO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of ELMOERC (ELMO)?
The trading volume of ELMOERC (ELMO) is $4.0K AUD in the last 24hrs, representing a -3.15% from the day prior.
How can I buy ELMOERC (ELMO)?
ELMOERC (ELMO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of ELMOERC (ELMO)?
The current market cap of ELMOERC (ELMO) is $640.5K AUD.
Can I convert ELMOERC (ELMO) to cash?
Yes - With Coinstash you can convert your ELMOERC (ELMO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many ELMOERC (ELMO) are there?
The current circulating supply of ELMOERC (ELMO) is 299.7M.
Is Coinstash a safe place to buy ELMOERC (ELMO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling ELMOERC (ELMO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.