Question 1

What is Loom Network (LOOM)?

Accepted Answer

Loom Network is a blockchain-based platform designed to allow developers to create and deploy decentralized applications (dApps). It was launched in March 2018 as an open-source project that provides developers with the tools they need to build scalable blockchain applications that can be easily integrated into existing systems.

Question 2

Who created Loom Network (LOOM)?

Accepted Answer

Loom Network was founded by James Duffy, Matthew Campbell, and Luke Zhang in 2017. The team behind the project includes experienced developers who have previously worked on blockchain projects such as Ethereum and TRON. The Loom Network team has also partnered with other blockchain projects such as EOS and TRON.

Question 3

What is Loom Network (LOOM) used for?

Accepted Answer

Loom Network is used to build scalable and interoperable dApps on top of various blockchain platforms. The platform offers a variety of tools and services that make it easy for developers to create and deploy dApps quickly and securely. Some of the key features of Loom Network include a flexible blockchain architecture, fast transaction speeds, and seamless integration with other blockchain networks. Loom Network is also used for the creation of non-fungible tokens (NFTs) and has been used to create games and other applications in the blockchain ecosystem.
The LOOM token is used for transaction fees, platform features, validator incentives, rewarding users, and collateral in DeFi. It's integral to Loom Network's governance and economic model.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Open	24h High
1	LOOM-BTC loom_btc	yobit	-	0.0₇1000BTC	0,00%	0LOOM	0.0₇1000BTC	0.0₇1000BTC
2	LOOM-DOGE loom_doge	yobit	-	0.008358DOGE	0,00%	0LOOM	0.008358DOGE	0.008358DOGE
3	LOOM-ETH loom_eth	yobit	-	0.0₆4400ETH	0,00%	0LOOM	0.0₆4400ETH	0.0₆4400ETH
4	LOOM-USD loom_usd	yobit	-	0.0₃8299USD	0,00%	0LOOM	0.0₃8299USD	0.0₃8299USD
5	LOOM-INR LOOMINR	bitbns	-	0.3600INR	0,00%	0LOOM	0.3600INR	0.3600INR
6	LOOM-WAVES loom_waves	yobit	-	0.004386WAVES	0,00%	0LOOM	0.004386WAVES	0.004386WAVES
7	LOOM-ETH LOOMETH	latoken	D	0.0₆2631ETH	0,00%	0LOOM	0.0₆2631ETH	0.0₆2631ETH
8	LOOM-USDT LOOM_USDT	bitmart	B	0.001605USDT	0,00%	0LOOM	0.001605USDT	0.001605USDT