ERC20 Token

Loom (LOOM)

Loom Network is a Platform as a Service built on top of Ethereum that allows developers to run large-scale decentralized applications. This lets developers build DApps with the trust and security of the world’s most secure public blockchain, along with the computing resources necessary to run commercial-scale services. Like how Filecoin tokenized disk space, Loom aims to be the tokenized application protocol of the new decentralized web.

The LOOM token acts as a lifetime membership card to all DApps running on Loom Network. It allows you to transfer your data and digital assets between Loom DAppChains and the Ethereum mainnet.

“We’re laser-focused on developer experience. Our projects are well known in the community and we are constantly working on enriching the greater blockchain development community. The first DApp released on Loom Network is DelegateCall.com — a blockchain-based Q&A site where your karma points are exchangeable for a re-sellable ERC20 token. (“DelegateCall tokens”, which have no relation to the LOOM token). You can use your LOOM token to transfer your DelegateCall karma points to Ethereum and sell them for ETH, thus earning money when other users upvote your answers. This is the first use-case of the LOOM token, but it will also be usable for the many DApps that will be released on Loom Network in the future.”