Name: Loom Network
SKU: LOOM
Price: 0.002008471148 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>

Development & Operations

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Reserve

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.

Morningstar Ventures

Moonrock Capital

The Spartan Group

GBV Capital

Waterdrip Capital

Vendetta Capital

Ascensive Assets

Hypersphere Ventures

Blizzard Fund

Infinity Ventures Crypto (IVC)

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

IBC Ventures

Castrum Capital

x21 Digital

Fusion7

Titan Ventures

RPC Foundation

Tal Cohen

ChainGPT Labs

LD Capital

ReBlock

Raptor Capital

Plutus VC

Azer Capital

CSP DAO

DAO Kondr VC

Zephyrus Capital

DCT Capital

Grizzly Capital

Nodeseeds

Safelaunch

OMNIA Protocol

GoldenTree Asset Management

Wintermute

LedgerPrime

NxGen

Mask Network

Pragma

HG Ventures

Formless Capital

Peech Capital

ZBS CAPITAL

Mapleblock Capital

Magnus Capital

Parachain Ventures

Stratos Technologies

CoinFund

Primex Finance

MV Global

Double Peak 

Halvings Capital

Metrix.Capital

Fundamental Labs

Tribe Capital

Poolz Ventures

Kairon Labs

Maven Capital

LucidBlue Ventures

GHAF Capital Partners

Existential Capital

DAO Maker

Shima Capital

ChainPort

Republic

Kronos

Genblock Capital

MEXC

Wave7

PetRock Capital

One Block Capital

WealthUnion

Solar Eco Fund

Warp Speed Capital

AlphaCrypto Capital

Samara Asset Group (Cryptology Asset Group)

AU21 Capital

NGC Ventures

FBG Capital

Digital Strategies

Contango Digital Assets

Criterion VC

Cipholio Ventures

7 O'Clock Capital

Pluto Digital Assets

Starlaunch

Oddiyana Ventures

Vespertine Capital

M77 Ventures

Lua Ventures

Perridon Holdings

Parastate Labs

DAO Capital

CryptoRoundTable

Rainmaker Games

Chainmyth

Firework Games

DEFIYIELD

DAOSquare

BreederDAO

Play It Forward DAO

UniX Gaming

PANONY

Cryptomeria Capital

Mike Zajko

Richmond Teo

Sandeep Nailwal

Rahul Dalmia

Sarutobi Sasuke

Waleed Rassuli

Priyanka Gill

Heslin Kim

Yuen Wong

Bekar Goletiani

Mission Street Ventures

Crypto.com Capital

QHUB

Script Network

YZi Labs (Prev. Binance Labs)

MetaWeb Ventures

Amber Group

WOO Network

Pantera Capital

SevenX Ventures

Smrti Lab

D1 Ventures

Puzzle Ventures

Eniac Ventures

GFS Ventures

Octopus Network

Ref Finance

Jump Crypto

Paras

Sender AI

Gate.io

Dopamine

Solana Ventures

KuCoin Labs

Arcade

Ryze Labs (Sino Global Capital)

DeFiance Capital

Robot Ventures

Protocol Ventures

Echelon Capital

Multicoin Capital

Animoca Brands

Avalanche VC

Blockdaemon

cFund

Coinbase Ventures

Dapper Labs

Fantom Foundation

Gemini

imToken Ventures

Matrixport

Muhabbit Capital

Operator Partners

P2 Ventures (Polygon Ventures)

Space Whale Capital

Tiger Global Management

Uniswap Labs Ventures

Volt Capital

Zokyo

PayPal Ventures

Exponent Capital

Joe Lau

Justin Sun

Nikil Viswanathan

LayerZero

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

Loom Network LOOM

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