Loom Network (LOOM)

Information updated on 8/19/2022.

1. Project Introduction

• Loom Network (also referred to as Loom) launched its mainnet, Basechain, in September 2018. Basechain is a Delegated Proof-of-Stake (DPoS) network that acts as an interconnected multi-chain platform supporting the Ethereum, Binance Chain, and TRON networks.

• Basechain allows developers to deploy highly-scalable games and user-facing dApps that interact with other major blockchains. Developers can deploy their dApp once to Basechain and gain access to the user base of multiple networks.

• The LOOM token is an ERC-20 token on the Ethereum network, it is a staking token that is used to secure the Basechain network, and is further used as the currency that dApp developers use to host their dapps on BaseChain.

• Any LOOM holder can delegate their tokens on Basechain to help support validators and actively participate in securing the network.

2. Token Info

• Token Name: Loom Network
• Token Symbol: LOOM
• Total Supply: 1,300,000,000 LOOM
• Token Type: ERC20

3. Useful Links

• Official Website: http://loomx.io/
• GitHub: https://github.com/loomnetwork
• Explorer: https://etherscan.io/token/0x42476F744292107e34519F9c357927074Ea3F75D
• Twitter: https://twitter.com/loomnetwork
• Telegram: https://t.me/loomnetwork