LoserCoin x Rainbow6ix AMA Recap
On June 28, 2021, we held an amazing AMA session with our guest speaker Lee from LoserCoin to share with our members about LoserCoin, $LOWB and LoserSwap. Following is the recap of the AMA.
1. What is LoserCoin? Please briefly tell us about LoserCoin’s founders and the project itself.
LoserCoin (ticker symbol: $LOWB) is a project initiated by two poor guys from China, one is a father of two kids from a village, the other one is a coder living a miserable life by working 60 hours a week. Two founders first heard about Bitcoin in 2017 and had lost a ton of money by trading cryptocurrencies. They started this project as an open journey and were fully prepared to lose everything. The two founders have added their whole life savings into the liquidity pool. It is guaranteed that the project team will not pump the price of $LOWB due to lack of capital, and no rug pull.
LoserCoin was publicly launched on April 21, 2021 (No Initial Coin Offering). Two months have already passed by, the project owners are working hard to grow the project. One thing I am not sure is that if these two project owners are still financially “poor”. It is hard to convince everyone that the project owners are still “poor” when the loser coin is ranked as the №817 token in the crypto world.
https://coinmarketcap.com/currencies/loser-coin/
2. There are some similarities between LoserCoin and Dogecoin. Both were born as meme tokens and both projects gained large popularity in short time. Some say that Dogecoin has already been different from its original purpose of “being a meme token.” Is LoserCoin still the same as the beginning? What would be the preferred future for LoserCoin from your perspective?
Indeed, sometimes we claim ourselves as the “Chinese” Dogecoin. Actually, things change fast. We are still the happly family of the losers. We are still push further and further by taking advantage of our cultural impact.
However, we have more volunteers joined us with strong tech capacities. For example, we build our NFT marketplace in a few days, and did our first auction (one NFT card was sold for $7000+)
We are going to have hackathon soon to find more people who would like to contribute to the loser family by building the ecosystem.
3. Please share details about Loser Swap. As the #1 AMM and yield farm on Binance Smart Chain, what is LoserSwap’s comparative advantage?
First of all, there is no rug pull from our side. Your funds are SAFE. We have really high APY ( not too high to be unsustainable) by staking our LOWB tokens. Since we have a total of 100 billion $LOWB will be released in circulation. At the moment, about 60 billion of these have already entered the market.
Most of the rest will be released by mining, so our rewards are impressive and highly profitable. Every day, 60 million LOWB will be mined, which is A LOT.
4. What is the tokenomics of LoserCoin? Can you share more details?
There is NO transaction tax. I mean, compared to a lot of projects in the market, we have 0 transaction tax. A lot of RFI based tokens charge you more than 10% when you interact with the smart contract, which makes the investors losing money by just trading or transferring tokens.
20 billion airdrops, 40 billion liquidity mining, 10 billion community incentives, 10 billion added liquidity, 20 billion for marketing, operations and development…All together 100 billion tokens and that’s it.
Also good for miners, since if you use tokens with transaction fees to do the mining, just by deposit and withdraw, you already lose 20%, what’s the point of doing mining….
5. Please share details about $LOWB staking. Where can we stake $LOWB right now and what are the future plans for further development of $LOWB staking?
More partnerships with other projects so you can stake LoWB and get other tokens. Cross chain mining to support more chains ( for example Polygon).
6. As you mentioned about your NFT, can you share more details? Is there any content on the market that you can show us?
losernft.org
Actually this is our first collection of the loser punks. We will support more collections and user generated NFTs for our marketplace. We have a lot of user generated copyright protected stuff.
Some of them are amazing, you will see a HUGE art gallery
7. Now LoserCoin has a strong community around the world like you mentioned, and has already over 115,000 Holder Addresses. For such high popularity in a short term, what is the main reason of the LoserCoin’s success in your opinion?
Honestly, we don’t really think we are “successful”. It is far away from some other popular meme tokens. However, its development is very unexpected. We are just very lucky.
LOWB project is a truly pure “loser” project, so many people participated in this project for its honesty. No gimmicks. Good thing is that, while I am doing the AMA, the price of LOWb is going UP.
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