{"id":15795,"date":"2024-03-13T18:35:37","date_gmt":"2024-03-13T18:35:37","guid":{"rendered":"https:\/\/www.fundsspectrum.com\/2024\/03\/13\/ekilibrio-introduces-lucax-the-new-option-in-the-era-of-etf-and-bitcoin-halving\/"},"modified":"2024-03-13T18:35:37","modified_gmt":"2024-03-13T18:35:37","slug":"ekilibrio-introduces-lucax-the-new-option-in-the-era-of-etf-and-bitcoin-halving","status":"publish","type":"post","link":"https:\/\/www.fundsspectrum.com\/2024\/03\/13\/ekilibrio-introduces-lucax-the-new-option-in-the-era-of-etf-and-bitcoin-halving\/","title":{"rendered":"Ekilibrio introduces $LUCAX: The new option in the era of ETF and Bitcoin Halving"},"content":{"rendered":"
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Venezuela, 13th Mar 2024, <\/strong>King NewsWire<\/strong><\/a> \u2013 <\/strong>In a context of economic, social and political crisis<\/strong>, millions of people\u00a0in Latin America face problems accessing credit<\/strong>, savings and investment. Bureaucratic processes, high interest rates, instability of local currencies and government manipulation hinder the development of personal, business and community projects. In addition, many of these projects have a social and environmental component that is not valued by the traditional financial system.<\/p>\n

On March 7, 2024,\u00a0the Ekilibrio Tech Foundation<\/strong>, led by CEO Daniel Grosso, held an event at the Caracas Business Center, in the capital of Venezuela, after running successful businesses of Tourism, Entertainment and Real State in the city of Puerto Ordaz. Daniel Grosso presented an innovative, disruptive and ambitious project:\u00a0$LUCAX, a Smart DeFi Token<\/strong> that gives life to the Project and creates a Decentralized Finance ecosystem that offers multiple services and benefits for users, while contributing to the fight against child malnutrition in Latin America.<\/p>\n

The event was attended by more than 100 people, including enthusiasts of cryptocurrencies, blockchain and investors, who were interested in knowing the value proposition of $LUCAX and its potential economic impact. They explained the origin, the vision of the project, as well as the most outstanding features and functionalities.<\/p>\n

Among the differences and the most notable characteristics of the project?<\/strong><\/p>\n

\u201c\u00a0$LUCAX is a Hyper-deflationary token<\/strong> with veTokenomics and Low Taxes, that a portion will be distributed to support the Liquidity Fund Swapper, which will be the\u00a0Mechanism of the Stability Fund<\/strong>.<\/p>\n

The Lucax Token will be\u00a0paired with Crypto Peso \u201cUSDP\u201d<\/strong> which is a next generation token like the\u00a0early SubDAO from $LUCAX Protocol<\/strong> that will revolutionize the ecosystem\u00a0thanks to Internal Market Maker mechanisms<\/strong> that generate friction with volatility, which will accelerate the growth of the LUCAX liquidity pool<\/strong>.<\/p>\n

$LUCAX PIONEERS\u00a0\u00a0<\/strong><\/p>\n

TRIPLE DEFLATIONARY COMBUSTION MECHANISM<\/strong><\/p>\n

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  1. Deflationary Trade Burning<\/strong>: Automatically burns\u00a00.6% on sale<\/strong> and\u00a00.3% on purchase<\/strong> from transaction volume.<\/li>\n
  2. LP Enters Permanent Black Hole:<\/strong> Accrues a 1% tax in the contract. Once it reaches a threshold, half converts to $BNB, and adds 50\/50 to the Liquidity Pool. The receipts (LPs) are directly burned, with permits discarded.<\/li>\n
  3. Rebalance Liquidity Pool Mechanism<\/strong>: A unique Automatic self-burning mechanism gradually reduces burning the $lucax token from the\u00a0Liquidity Pool<\/strong>, generating scarcity\u00a0 on pancakeswap and the price is increased proportionally. \"\ud83d\ude80\"<\/li>\n<\/ol>\n

    FEATURES THAT<\/strong><\/p>\n

    \u00a0SET $LUCAX APART<\/strong><\/p>\n

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    the CEO commented on the benefits of the Results and Rewards We Can Expect<\/strong><\/p>\n