-
Bitcoin $94,974.7225
0.27% - Ethereum
$1,834.1661
2.04% - Tether USDt
$1.0004
0.00% - XRP
$2.2942
-1.21% - BNB
$605.0579
0.05% - Solana
$148.7456
-2.00% - USDC
$1.0000
-0.01% - Dogecoin
$0.1792
-0.49% - Cardano
$0.7142
-0.34% - TRON
$0.2476
0.46% - Sui
$3.5612
-4.56% - Chainlink
$15.1068
1.73% - Avalanche
$22.2035
0.73% - Stellar
$0.2806
-2.87% - UNUS SED LEO
$8.9715
-0.29% - Toncoin
$3.2622
-1.14% - Shiba Inu
$0.0...01370
-2.23% - Hedera
$0.1894
-3.54% - Bitcoin Cash
$372.8102
6.23% - Polkadot
$4.2868
2.07% - Litecoin
$85.7482
-1.08% - Hyperliquid
$18.9650
3.34% - Dai
$1.0001
0.00% - Bitget Token
$4.4180
0.37% - Monero
$275.1964
1.76% - Ethena USDe
$0.9996
0.01% - Pi
$0.5821
-5.05% - Pepe
$0.0...09023
-0.39% - Aptos
$5.5937
0.79% - Uniswap
$5.4962
-0.73%
What is the issuance and circulation of LOOM coins?
LOOM Network's native LOOM token facilitates transactions and supports the platform's scalable, secure, and interoperable capabilities for dApp development.
Dec 01, 2024 at 01:20 pm
Understanding LOOM Coin: Issuance and Circulation
In the realm of blockchain technology, LOOM Network stands out as a robust platform for developers to build scalable, secure, and interoperable dApps. At the core of this platform lies LOOM, the native token that facilitates transactions and ensures the network's stability.
Issuance of LOOM Coins
- Initial Coin Offering (ICO): LOOM's ICO took place in 2017, raising approximately $15 million. During this offering, a total of 500 million LOOM tokens were issued, representing 50% of the total supply.
- Distribution and Tokenomics: The initial token distribution allocated 35% of the tokens (175 million LOOM) to the public, 25% (125 million LOOM) to the LOOM Network team, 20% (100 million LOOM) to investors and advisors, and 20% (100 million LOOM) to the LOOM Network Foundation.
Circulation of LOOM Coins
- Total Supply: The total supply of LOOM coins is capped at 1 billion, ensuring scarcity and potential price appreciation over time.
- Circulating Supply: The circulating supply of LOOM tokens continuously fluctuates as users trade, stake, and participate in network activities. As of June 2023, approximately 400 million LOOM tokens are in circulation.
- Burning and Repurchase: LOOM Network implements a burning mechanism to reduce the token supply and maintain its value. A portion of transaction fees collected from DApp usage is used to repurchase and burn LOOM tokens.
- Staking and Governance: LOOM holders can stake their tokens to secure the network and earn rewards. Staking involves locking up tokens for a specified period, contributing to the network's security and earning staking rewards.
- Transaction Fees: LOOM tokens are used to pay transaction fees on the LOOM Network. DApp developers can set their own transaction fees, providing flexibility and cost-effectiveness for users.
- Utility and Use Cases: LOOM coins serve various use cases, including paying for DApp services, participating in governance votes, and accessing exclusive network features. LOOM's versatility enhances its utility and drives demand.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- 5 Best Cryptos to buy in 2025: Blockdag, arbitrator, render, inj & imx [expert analysis]
- 2025-04-29 18:40:16
- World Liberty's Rapid Ascent From Fledgling Startup to International Force
- 2025-04-29 18:40:16
- Bitcoin Mining Has Gone Mobile: How to Mine BTC Using Your Smartphone
- 2025-04-29 18:35:12
- Bitcoin Solaris Presale is Building Fast Momentum, Inviting Investors to Participate in the Next Bitcoin
- 2025-04-29 18:35:12
- FARTCOIN (FAR) price rises 2.11%
- 2025-04-29 18:30:13
- Economist Peter Schiff Mocks Donald Trump Jr.'s Private Gala Dinner Invitation to Top Holders of Official Trump TRUMP/USD Meme Coin by Equating It to Hunter Biden's Corruption Charges
- 2025-04-29 18:30:13
Related knowledge
How to judge the timing of buying and selling BCH? What are the tips for market analysis?
Apr 29,2025 at 06:01pm
How to Judge the Timing of Buying and Selling BCH? What Are the Tips for Market Analysis? Understanding the right time to buy and sell Bitcoin Cash (BCH) can be crucial for maximizing your investment returns. This article delves into the strategies for timing your BCH transactions and provides essential tips for market analysis within the cryptocurrency...
What should I do if the DOT price fluctuates greatly? How to operate with a stable mentality?
Apr 29,2025 at 06:22pm
What should I do if the DOT price fluctuates greatly? How to operate with a stable mentality? Price fluctuations are a common occurrence in the cryptocurrency market, and Polkadot (DOT) is no exception. When the DOT price experiences significant volatility, it can be challenging to maintain a stable mindset and make rational decisions. This article will...
Why does AVAX withdrawal require multiple confirmations? How to speed up the withdrawal of coins?
Apr 28,2025 at 11:56pm
Introduction to AVAX WithdrawalWhen you decide to withdraw AVAX, the native cryptocurrency of the Avalanche blockchain, from an exchange or a wallet, you might notice that the transaction requires multiple confirmations before it is considered complete. This process is essential for the security and integrity of the blockchain. Understanding why multipl...
Is it better to choose USDT or BTC for AVAX trading? What is the difference in liquidity?
Apr 28,2025 at 11:14pm
When deciding whether to use USDT or BTC for trading AVAX, it's crucial to consider various factors such as liquidity, stability, and trading preferences. Both USDT and BTC are popular choices for trading, but they serve different purposes and come with their own set of advantages and disadvantages. In this article, we will explore the differences betwe...
How to export AVAX transaction records? What data is required for reconciliation and tax reporting?
Apr 28,2025 at 11:01pm
Exporting AVAX transaction records is an essential task for anyone involved in cryptocurrency trading, especially for those who need to perform reconciliation and tax reporting. In this article, we will guide you through the process of exporting your AVAX transaction records and discuss the data required for reconciliation and tax reporting. Understandi...
Is it cost-effective to buy and sell AVAX in small amounts? What is the minimum transaction limit?
Apr 29,2025 at 12:01am
When considering whether it's cost-effective to buy and sell AVAX in small amounts, several factors come into play, including transaction fees, exchange fees, and the minimum transaction limits set by various platforms. This article will delve into these aspects to help you understand the cost-effectiveness of trading small amounts of AVAX and the minim...
How to judge the timing of buying and selling BCH? What are the tips for market analysis?
Apr 29,2025 at 06:01pm
How to Judge the Timing of Buying and Selling BCH? What Are the Tips for Market Analysis? Understanding the right time to buy and sell Bitcoin Cash (BCH) can be crucial for maximizing your investment returns. This article delves into the strategies for timing your BCH transactions and provides essential tips for market analysis within the cryptocurrency...
What should I do if the DOT price fluctuates greatly? How to operate with a stable mentality?
Apr 29,2025 at 06:22pm
What should I do if the DOT price fluctuates greatly? How to operate with a stable mentality? Price fluctuations are a common occurrence in the cryptocurrency market, and Polkadot (DOT) is no exception. When the DOT price experiences significant volatility, it can be challenging to maintain a stable mindset and make rational decisions. This article will...
Why does AVAX withdrawal require multiple confirmations? How to speed up the withdrawal of coins?
Apr 28,2025 at 11:56pm
Introduction to AVAX WithdrawalWhen you decide to withdraw AVAX, the native cryptocurrency of the Avalanche blockchain, from an exchange or a wallet, you might notice that the transaction requires multiple confirmations before it is considered complete. This process is essential for the security and integrity of the blockchain. Understanding why multipl...
Is it better to choose USDT or BTC for AVAX trading? What is the difference in liquidity?
Apr 28,2025 at 11:14pm
When deciding whether to use USDT or BTC for trading AVAX, it's crucial to consider various factors such as liquidity, stability, and trading preferences. Both USDT and BTC are popular choices for trading, but they serve different purposes and come with their own set of advantages and disadvantages. In this article, we will explore the differences betwe...
How to export AVAX transaction records? What data is required for reconciliation and tax reporting?
Apr 28,2025 at 11:01pm
Exporting AVAX transaction records is an essential task for anyone involved in cryptocurrency trading, especially for those who need to perform reconciliation and tax reporting. In this article, we will guide you through the process of exporting your AVAX transaction records and discuss the data required for reconciliation and tax reporting. Understandi...
Is it cost-effective to buy and sell AVAX in small amounts? What is the minimum transaction limit?
Apr 29,2025 at 12:01am
When considering whether it's cost-effective to buy and sell AVAX in small amounts, several factors come into play, including transaction fees, exchange fees, and the minimum transaction limits set by various platforms. This article will delve into these aspects to help you understand the cost-effectiveness of trading small amounts of AVAX and the minim...
See all articles
