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LOOM

Loom NetworkLOOM

Rank #363
Token
On 26,049 watchlists

Loom Network Price (LOOM)

$0.1031
4.02%

0.000002291 BTC5.55%

0.00003327 ETH2.50%

Low:$0.1014
High:$0.1083
24h
LOOM  Loom Network LOOM
Price:
$0.1031
 4.02%
Market Cap
$103,085,941
4.02%
Fully Diluted Market Cap
$103,085,941
4.02%
Volume
24h
$18,765,328
24.35%
Volume / Market Cap
0.182
Circulating Supply
1.00B LOOM
Max Supply
--
Total Supply
1,000,000,000
Sponsored

Loom Network to USD Chart

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LOOM Price Live Data

The live Loom Network price today is $0.103086 USD with a 24-hour trading volume of $18,765,328 USD. We update our LOOM to USD price in real-time. Loom Network is down 4.02% in the last 24 hours. The current CoinMarketCap ranking is #363, with a live market cap of $103,085,941 USD. It has a circulating supply of 1,000,000,000 LOOM coins and the max. supply is not available.

If you would like to know where to buy Loom Network, the top exchanges for trading in Loom Network are currently Binance, Huobi Global, Upbit, Coinbase Exchange, and KuCoin. You can find others listed on our crypto exchanges page.

What Is Loom Network (LOOM)?

Loom Network is a platform as a service that is built on top of Ethereum and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017.

The goal of this is to allow application developers to have smart contracts that can access much more computing power when it is required, or maintain the same power at lower costs for tasks such as trials for onboarding new users or applications that simply do not need the full security of blockchain to begin with.

In this system you have the ability to interact with APIs developed by third parties which are not on chain. Loom attempts to be the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language.

As such, they can easily integrate their applications with the outside world.

The Loom Network runs on Plasma, which is a scaling solution that allows for faster transactions throughout the network.

Who Are the Founders of Loom Network?

The Loom Network was founded by Matthew Campbell, James Martin Duffy and Luke Zhang in 2017.

Matthew Campbell is one of the co-founders and principal of the Loom Network. He is also the principal of Hyperwork Inc, and was also a lead software engineer at Digital Ocean, an instant messaging server architect at Thomson Reuters, an engine mechanic and co-founder of Errplane, a Scala Dude at Tapad, an architect at Bloomberg, a technical architect at Thomson Reuters, a senior R&D engineer at Bertelsmann, he rewrote the Gucci website into Ruby on Rails, he was the lead technical engineer at Superdeluxe and a software analyst at Bellsouth with a background in programming at Listman Home Technologies and Insurance House.

James Martin Duffy is the CMO at Loom Network, and he is also the CEO at Epictetus Ventures as well as the founder of Auragin. Before that, he worked as a developer at Cryptocurrency Trading Bot, and founded KoreaJobFinder. He was also a lead developer at Casual Steps Inc, and a freelance web developer and online marketer before that.

Luke Zhang is the co-founder of Loom Network, and before that he was a lead developer at BlockMason, a developer at Elemica, a developer at Workopolis and a prototyping expert at Shifthub.

What Makes Loom Network Unique?

Loom Network is a platform as a service that allows Ethereum Solidity applications to be run through side chains.

This means that the applications can have consensus mechanisms specific for their needs and potential threat model. Loom makes scaling decentralized applications faster and easier on the Ethereum network and uses the DPoS sidechains for scalability with DApps through the security of Ethereum mainnet.

The LOOM token acts as a membership token that each member receives in order to get access to all of the apps that run on the Loom Network itself. This token functions on all of the DAppChains that run on the Loom Network and lets you transfer digital assets and data between Ethereum and Loom DAppChains.

Find out about DigiByte.

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Learn how to use CoinMarketCap through CMC Alexandria.

Read our latest blog posts on CoinMarketCap.

How Is the Loom Network Secured?

The Loom Network is secured through a zkLoom protocol for efficient blockchains. The Ethereum network is one of the most popular open-source blockchains for smart contracts and it is backed by the second largest cryptocurrency. Through zkLoom blockchain, you no longer have to trust validators, and can rely on security guarantees provided by Ethereum. Through leveraging Ethereum for security, zkLoom blockchains operate in a secure manner with few validators and as such, it is much easier to bootstrap new blockchains and to operate them at a lower cost.

How Many Loom Network (LOOM) Are There in Circulation?

LOOM is the digital token that is used to pay for services on the Loom Network and it is built on Ethereum in accordance with the ERC-20 standard.

Keep in mind that the LOOM token is not mined and instead it is earned by users who engage with DApps on the Loom Network.

The maximum supply of LOOM tokens is fixed at 1 billion.

Where Can You Buy Loom Network (LOOM)?

When it comes to the top exchanges for trading in Loom Network, these include:

Huobi

VCC Exchange

Coinbase Pro

Upbit

Bilaxy

Bittrex

Bithumb, and

HitBTC.

You can find others at our crypto exchanges page.

LOOM to USD Converter

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LOOM Price Statistics

Loom Network Price Today
Loom Network Price$0.1031
Price Change24h$-0.004323
4.02%
24h Low / 24h High
$0.1014 /
$0.1083
Trading Volume24h$18,765,328.32
24.35%
Volume / Market Cap0.182
Market Dominance0.01%
Market Rank#363
Loom Network Market Cap
Market Cap$103,085,941.27
4.02%
Fully Diluted Market Cap$103,085,941.27
4.02%
Loom Network Price Yesterday
Yesterday's Low / High
$0.1024 /
$0.1096
Yesterday's Open / Close
$0.1081 /
$0.1076
Yesterday's Change

0.45%

Yesterday's Volume$20,486,166.08
Loom Network Price History
7d Low / 7d High
$0.09277 /
$0.1442
30d Low / 30d High
$0.09277 /
$0.1777
90d Low / 90d High
$0.03788 /
$0.1777
52 Week Low / 52 Week High
$0.01523 /
$0.294
All Time High
May 04, 2018 (3 years ago)
$0.7745
86.69%
All Time Low
Mar 13, 2020 (2 years ago)
$0.007666
1244.64%
Loom Network ROI

36.52%

Loom Network Supply
Circulating Supply1,000,000,000 LOOM
Total Supply1,000,000,000 LOOM
Max SupplyNo Data