What is Loom Network (LOOM)
Loom Network is the next-generation blockchain platform for highly scalable games and social apps. The Loom SDK makes it possible for developers to easily create and run their own large-scale DApps across high throughput DPoS sidechains, which are fully backed by the trust and security of Ethereum.
Loom Network is available on MEXC, providing you with the convenience of purchasing, holding, transferring, and staking the token directly on our platform. Whether you are a seasoned investor or a newcomer to the world of cryptocurrencies, MEXC offers a user-friendly interface and a variety of tools to manage your Loom Network investments effectively. For more detailed information about this token, we invite you to visit our digital asset introduction page.
Additionally, you can:
- Check LOOM staking availabilityto see how you can earn rewards on your holdings.
- Read reviews and analytics about Loom Network on our blog to stay informed about the latest market trends and expert insights.
Our comprehensive resources are designed to make your Loom Network buying experience smooth and informed, ensuring you have all the tools and knowledge needed to invest confidently.
Loom Network Price Prediction
Cryptocurrency price predictions involve forecasting or speculating on the future values of cryptocurrencies. These forecasts aim to predict the potential future worth of specific cryptocurrencies, such as Loom Network, Bitcoin, or Ethereum. What will be the future price of LOOM? How much will it be worth in 2026, 2027, 2028, and up to 2050? For detailed prediction information, please check out our Loom Network price prediction page.
Loom Network Price History
Tracing LOOM's price trajectory provides valuable insights into its past performance and helps investors understand the factors influencing its value over time. Understanding these historical patterns can offer valuable context for assessing LOOM's potential future trajectory. For detailed price history information, please check out our Loom Network price history page.
How to buy Loom Network (LOOM)
Looking for how to buy Loom Network? The process is straightforward and hassle-free! You can easily purchase Loom Network on MEXC by following our step-by-step How to Buy guide. We provide you with detailed instructions and video tutorials, demonstrating how to sign up on MEXC and use the various convenient payment options available.
LOOM to Local Currencies
Loom Network Resource
For a more in-depth understanding of Loom Network, consider exploring additional resources such as the whitepaper, official website, and other publications:
People Also Ask: Other Questions About Loom Network
Loom Network is a cross-chain platform that allows developers to build and deploy decentralized applications (DApps) across multiple blockchain networks. It aims to simplify the process of deploying DApps for web 2.0 developers by providing ready-to-use software development kits (SDKs) and a delegated proof of stake (DPoS) consensus mechanism.
Loom Network enables developers to deploy DApps across multiple blockchain networks by leveraging a delegated proof of stake (DPoS) consensus mechanism and ready-to-use software development kits (SDKs).
With the DPoS consensus mechanism, developers can seamlessly deploy and run their DApps on individual sidechains, which are connected to multiple chains. This allows for faster transaction confirmation and scalability, making it easier for developers to reach a wider audience.
Loom Network utilizes a delegated proof of stake (DPoS) consensus mechanism to achieve scalability. DPoS allows LOOM token holders to delegate their tokens to secure the network. Unlike proof of stake (PoS), where nodes validate new blocks, DPoS provides for delegation, which confirms transactions ahead of time and makes the process faster.
The Loom Network’s DPoS consensus mechanism is ideal for scaling real-world decentralized applications (DApps) that require fast transaction finality.
It uses software development kits (SDKs) to further contribute to scalability. The SDKs simplify the deployment of DApps across major chains, allowing developers to seamlessly and simultaneously deploy and run their DApps on individual sidechains. This approach opens up a broader user base and improves visibility for developers, ultimately enhancing scalability.
Developers can use multiple programming languages to create smart contracts on Loom Network. Loom Network is EVM-compatible, which means that Ethereum developers can use the Solidity programming language to create smart contracts for DApps on Loom. Additionally, Loom Network provides a range of software development kits (SDKs) that target different types of developers. The Loom SDK allows developers to create smart contracts written in Go, Solidity, and gRPC-supported languages. The Unity SDK, which is built on the popular game developer platform Unity, enables developers without blockchain knowledge to build game DApps using iOS, Android, or web extensions. Finally, the Go Contract SDK offers an easy-to-use interface for DApp developers to connect to Loom Network and build their applications using languages such as Unity, React, Python, and Go.
Loom Network offers several software development kits (SDKs) that simplify DApp development and deployment. These SDKs include:
- Loom SDK: This SDK allows developers to create smart contracts in Go, Solidity, and gRPC-supported languages. It also provides access to various blockchain services, such as indexing and signing, making it easier for developers to build and deploy DApps.
- Unity SDK: Leveraging the popularity of the Unity game development platform, this SDK enables developers to build game DApps that run on iOS, Android, or web extensions. It comes with in-built account management systems and is compatible with most hardware, making it accessible to developers without blockchain knowledge.
- Go Contract SDK: This SDK offers an easy-to-use interface for DApp developers to connect to DAppChains and build their DApps. It supports multiple programming languages, including Unity, React, Python, and Go, and simplifies complex blockchain logic.
The LOOM token is the native token of the Loom Network platform. It is used to secure the platform and allows developers to host their DApps on individual DAppChains by bonding LOOM to the network's mainnet, Basechain. Developers are required to deposit LOOM as a monthly fee to cover the costs of their apps' users.
LOOM token holders can stake their tokens to help secure the network and earn rewards. By staking LOOM, holders contribute to the consensus mechanism of the network and validate transactions ahead of time, making the process faster and more scalable. In return for their contribution, holders receive rewards in the form of additional LOOM tokens.
To stake LOOM and earn rewards, holders can delegate their tokens to secure the network. This process involves locking up their tokens in a smart contract and selecting a validator to delegate to. Validators are responsible for validating transactions and maintaining the security of the network. By delegating their tokens to a validator, holders can participate in the network's consensus mechanism and earn rewards based on their stake.
The live price of Loom Network (LOOM) is 0.002489 USD.
The current market cap of Loom Network is $ 3.09M USD. It is calculated by multiplying the current supply of LOOM by its real-time market price of 0.002489 USD.
The current circulating supply of Loom Network (LOOM) is 1.24B USD.
As of 2025-06-09, the highest price of Loom Network (LOOM) is 0.49801 USD.
The 24-hour trading volume of Loom Network (LOOM) is $ 60.00K USD. You can discover more tradable tokens on MEXC and check their 24-hour trading volume.
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