Name: Loom Network
SKU: LOOM
Price: 0.017233344 USD

<p>Loom Network is a platform that allows dApp developers to create projects ready for blockchain deployment. The platform was founded in 2018 and has since developed to be highly scalable, usable, and can be integrated with Bitcoin, Ethereum, BNB Chain, and other major blockchains. It is an optimized platform that aims to create the best possible foundation and resources for dApp development.&nbsp;</p><p>LOOM is the platform’s native cryptocurrency. It is a proof-of-stake token that is used in part to help secure the platform via network staking. Beyond security, the token can be used to pay fees, such as the developer fees paid by teams for hosting their application on Loom Network. This means that users do not pay transaction costs as they are absorbed into a flat fee paid by projects themselves.</p><p>LOOM is an ERC20 token and has a total supply of 1,000,000,000.</p><h3>What are Loom Network's key features and how does it work?</h3><p>As mentioned, the platform is interoperable and compatible with major blockchains. This means that developers can create one application that can be simultaneously offered to users of all networks, without the need to rewrite or reprogram the application. Developer teams can deploy their application to the Loom Network’s Basechain and automatically reach a large number of users.</p><p>Loom Network Basechain is a DPoS blockchain. Its architecture is similar to that of the Ethereum network, as such it is EVM compatible. Some of its other properties include being audited and secured with a network of validators. </p><p>The platform prides itself on the facilities and benefits it can offer dApp teams. These include future-proofing apps, by allowing them to be compatible with multiply blockchains, and access to a large and growing user base.</p><h3>What can LOOM be used for?</h3><p>The LOOM token has several key utilities. This includes validator nodes that must stake in order to run nodes. Delegators can also take part and stake their LOOM tokens to a predetermined validator in order to receive a share of the block rewards.</p><p>Users of applications running on LOOM do not need to hold any LOOM. Since network fees and any associated costs are paid by the developers.</p><h3>Where can you buy LOOM?</h3><p>LOOM is available for trading on the following CEXs and DEXs listed <a href="https://cryptorank.io/price/loom-network-new/exchanges" rel="noopener noreferrer" target="_blank">here</a>. The most popular platforms with the highest liquidity are Binance, Bithumb, and CoinEx. The price of LOOM will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for LOOM market price, please view the price charts on this page.</p>

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Loom Network

Loom Network is a Layer 2 scaling solution for Ethereum that works as a network of DPoS sidechains allowing to create highly-scalable games and DApps.

Metapurse

Multicoin Capital

Crypto.com Capital

Alameda Research

Mark Cuban

Bitkraft Ventures

Dapper Labs

Galaxy Interactive

Alethea AI

Morningstar Ventures

Moonrock Capital

The Spartan Group

GBV Capital

Waterdrip Capital

Vendetta Capital

Ascensive Assets

Hypersphere Ventures

Blizzard Fund

Woodstock Fund

Figment Capital

Axia8 Ventures

CoinGecko Ventures

Nexo

Everclear (prev Connext)

Kosmos Ventures

Impossible Finance

Nabais Capital

AVentures DAO

Subsquid

3 Chaps Capital

StakeBorg

Ganesh Swami

Erik Ashdown

Derek Yoo

Aurel Iancu

Delroy Bosco

Alex Smirnov

Batuhan Dasgin

Michael Chen

Etienne

Danish Chaudhry

Alchemy

Bware Labs

Mechanism Capital

NGC Ventures

Jump Capital

YZi Labs (Prev. Binance Labs)

Animoca Brands

Highstreet

Sky9 Capital

Mask Network

Hash Global

DWF Labs

DragonFly Capital

Fabric Ventures

HashKey Capital

Arweave

Avatar

Headline

imToken Ventures

SevenX Ventures

Continue Capital

Winkrypto

Fundamental Labs

y2z Ventures

HTX Ventures

Balaji Srinivasan

Miss Bitcoin

EM3 DAO

HoneyDao

Incuba Alpha

CoinShares

Coinbase Ventures

RSS3

GameOn Forge

Blockchange Ventures

Big Brain Holdings

coinIX

Castrum Capital

Outlier Ventures

Kangaroo Capital

Maven Capital

FinSec Innovation Lab

Kima Network

Sociapol

SpaceN

BRC App

Gain detailed information about %name% %code% unlock and vesting. Use our token unlock calendar for planning and optimizing your investments. Explore tokenomics and how it's changing with our token distribution chart. Stay updated on unlock events and receive notifications for effective crypto asset management

%name% %code% Token Unlocks and Vesting: Schedule and Tokenomics

Name	Total	Unlocked	Locked
Private Sale	34.6%	34.6%	-
Reserve	26.9%	-	-
Staking Rewards	14.6%	13.9%	0.79%
Advisors	7.69%	7.69%	-
Team	7.69%	7.69%	-
Development & Operations	4.59%	4.34%	0.25%
Transfer Gateway Reserves	3.85%	-	-

Loom Network LOOM

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