ELmo Inu (ticker: ELMO INU) is a meme cryptocurrency token operating on the BEP-20 Blockchain technology (Binance Smart Chain). With the goal of reaching the highest market cap a $ELmo sub-project has ever achieved, ELmo is leveraging the upcoming Holiday to capture the attention of the crypto community. However, the project aims to establish its reputation through constant communication with investors, aggressive marketing campaigns, strategic listings, and consistent deliveries from the leadership team. Supported by cryptocurrency and stock market whales, ELmo invites users on a journey towards a double-digit millions market cap.
ELmo has designed its tokenomics based on definitive market rules and fundamental economic principles. The total supply of ELmo tokens is set at 1,000,000,000,000,000. Every buy and sell transaction incurs a 7% tax, with a 2% buy-back and burn feature. The system collects tokens through the buy-back process and sends them to a ‘burn’ wallet, reducing the circulating supply and increasing the token price. Additionally, ELmo allocates a 5% marketing tax from each transaction to reinvest in aggressive marketing campaigns, fostering growth and maximizing the project’s potential.
ELmo Inu incorporates various features to enhance its functionality. The token includes a Buy-Back & Burn mechanism, automatically allocating 2% of every buy and sell transaction to a Buy-Back Reserve. The collected tokens are securely locked and stored in the contract until a specific threshold is reached, at which point ELmo is purchased and sent to the ‘burn’ wallet. This mechanism effectively reduces the token supply and contributes to price appreciation. Furthermore, ELmo allocates 5% of each transaction to a marketing wallet, ensuring increased exposure through advertising platforms, social media, and partnerships with influencers. Lastly, ELmo implements an Anti-Whale Mechanism to prevent large selloffs and price manipulation, limiting single transaction orders to a certain percentage of the total supply.
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