Loom Network crypto is a multichain interoperability platform, where users can transfer information and exchange data between blockchains. Loom is optimized for scaling high-performance dApps (decentralized applications) which have a smooth user experience (UX). Further, dApps created on the Loom Network will be able to offer a simplified UX, similar to traditional applications, and onboarding users without any needed crypto wallet software.
The Network is integrated to Ethereum, Tron, Binance Chain, and Bitcoin, meaning that developers can integrate assets from all of these chains, building dApps only once and offering them on all platforms at the same time. As such, the network is scalable for high-performance dApps.
The Loom Network coin is LOOM, an ERC-20 token. Loom network uses the proof-of-stake to secure the platform’s mainnet called Basechain.
How To Buy Loom Network or Add it to your strategy
The fastest, most convenient way to purchase Loom Network is to purchase it on ICONOMI. We check Loom Network live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Loom Network by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto trades use fundamental and technical analysis to evaluate if Loom Network is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Loom Network, we recommend you read the next section, as copying might be a better approach.
Add Loom Network to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Loom Network in their structure.