True deflationary value - $ELMO
The unique burn mechanism of ElmoERC uses the Null Adress (ending with 0000) which results in actively decreasing supply on the chain. Many projects do not use this way of burning and use the 'dead' wallet instead. The problem with the dead wallet is that it 'locks' tokens but not actively destroys. A live data area on the website displays the statistics in regards to burn.
ElmoERC launched back in May with 350M $ELMO in the liquidity pool, and as of today the total supply on Etherscan and chain is lower than the starting liquidity. What does this mean? It means that everytime a burn takes place, the floor price automatically moves up with it. Burning does not immediatally effect the price, and it never will, but it creates stable growth of floors and liquidity overtime. Even if all the holders would sell all their tokens right now, the price can never go lower than launch price. Overtime, when many burns happen, the minimal floor price will keep increasing.
It is not just the burn tax that makes ElmoERC unique, it is also the way the team keeps developing utility around burning. Staking V1, Staking V2, NFTs, NFT staking and even Merch all burn $ELMO. ElmoERC basically offers what the entire $SHIB community has been longing for: true and decent burn rates.
That is not all. The team is also developing an on-chain first person shooter that will connect multiple memecoins in one game. 'Meme Alliance' will be the highest quality first person shooter developed on chain and will provide entertainment, fun and winnings to their players.
The community and team are confident about the long-term price gains for $ELMO and the commitment from the team is unquestionable. Transparancy, honesty and useability is what the team provides. Even the leader 'MasterElmo', also known as Elmoshi Subarashi doxxed himself through a video. Doxxing yourself as a memecoin is a very rare thing in the space and provides even more trust for the investors.
