The cryptocurrency industry continues to have hard times to believe. After the unstoppable rise of Bitcoin, some altcoins broke a record after a record, and Ethereum reached the level of $4200, and now a furious trend based on the phenomenon culture and led by Dogecoin takes attention from investors.
While Dogecoin, Shiba Inu and many tokens we have never heard of before were pumped, now there is another coin that is completely without philosophy and purpose has emerged: Loser Coin!
“We promise, we won’t run away”
The philosophy behind the creation of LOWB is the sense of self-deprecation that everyone has in China more or less… Here, the developers accept their situation by likening themselves to small investors who are constantly being liquidated by the big players.
On the project’s website, the developers promise in the description that they will never run away from their pool of funds:
“A poor developer who came out of a 4th-class city in China started this project with another programmer with the same fate. The token is called LOWB. This is how it reads… The project has no logic. Both developers put all their savings into the liquidity pool here. We promise not to take the money deposited in the pools and run away ”
In the information provided on the site, it is also stated that in the future, 20 billion LOWB tokens will be distributed to users with airdrops, 20 billion to mining pools and 50 billion to those who are engaged in liquidity mining. The developers of the project are so purposeless that they state that they haven’t even decided what to do with the remaining 10 billion tokens.
It has no purpose and technical team, but the price is increasing
According to CoinDesk, LOWB stands for “Loser Coin” created by two developers in China, and this word means a completely condescending word when read in Chinese. LOWB increased more than 100 percent in the last 24 hours, when the developers of the coin, which has a supply of approximately 100 billion, participated in a social media “Ask me” event in China and went viral with their answers.
LOWB is also useful for exchanging digital assets on a decentralized platform, such as PancakeSwap, which runs on Binance Smart Chain. The LoserSwap protocol is also available on the BSC and the LOWB / USDT pair is traded on the PancakeSwap.
Gate.io listed, fan pages created
It is also noteworthy that there are already few fan pages and accounts for the token and the project. The token, which has experienced very sharp ups and downs, is currently listed on Gate.io, one of the major exchanges.
There are 2 thousand people in the Telegram group
There are more than 2 thousand people in the official Telegram group of the project and the number is increasing every minute. It is also noteworthy that some of the users here are jokingly and some seriously discussing “How can we get rich from this token”.
The information contained herein is not within the scope of investment advice. Although crypto coins are a risky investment, this risk is much higher in ‘meme’ tokens, which emerge as an internet joke, and they can cause you to lose all your money.