LOOP Announces Powerful Super Scalable Blockchain Defi Platform
Reykjavík, Iceland–(Newsfile Corp. – June 24, 2022) – LOOP has just announced the launch of a powerful, super-scalable Defi blockchain platform. The platform is designed for a decentralized exchange, which means that it will allow users to create synthetic assets. This allows them to bet on the price of a particular asset without owning it. Moreover, it will allow users to invest in cryptocurrencies in which there is no physical presence, without ever having to pay for it.
Loop Network has also implemented standards to ensure that its smart contracts and token interfaces are scalable and composable. This ensures that the tokens can be used across networks. This is crucial, as they will need to be compatible with existing exchanges. LOOP’s decentralized platform has major advantages. The platform will allow users to create their digital assets and trade them.
What is the Loop Network and its principle?
The Loop Network is a Blockchain Layer-1 crypto project that was purposely designed for 5 extremely essential points. The entire existence of the project revolves around these 5 principles only, namely:
• EVM compatibility
The Loop Network provides a platform to convert traditional digital contracts into smart digital contracts, keeping them up to date with the latest technological developments. The five principles bring many benefits to the layman in the crypto trading community.
This project is designed to provide the highest level of security and convenience to its investors. From then on, it is available to trade on popular exchanges anywhere.
• Developed with decentralized applications in mind
The entire project revolves around transparency to be compatible with decentralized applications that promote the latest financial system unlike the highly regulated and opaque conventional banking systems in the world.
• Increased scaling
The Loop Network provides a super-expanded scaling system which, in turn, encourages smooth and fast transactions. The team developed a distributed ledger system that divides super-resolution images into patches, unlike the state-of-the-art method, in this work each patch can be distributed to different nodes in this way, failed nodes cannot not interfere with the system.
• Programmable Money
It offers a unique ability to a user that allows them to convert conventional contracts into smart digital contracts. In other words, the Loop Network unifies the two worlds of crypto and regular money. One can use their crypto assets like Bitcoin to do actions like they could do with regular currency like lending, borrowing or even scheduling payments for index funds.
• Supports both crypto assets and non-fungible tokens
The network allows the creation of assets as well as NFTs with the added benefit of high security and scalability while being compatible with the latest exchanges.
The project is hailed by its valued listeners:
• Audited by RDauditors and TechRate. Certik Audit is currently in progress and a positive report will be published soon.
• The Testnet is already online and functional.
• Successful CEX listing on platforms such as XT.com, IndoEx and P2PB2B. More announcements are currently underway and will be live on all platforms soon.
• NFT collection, Oracle and Defi integration in progress.
• DEX is fully functional on Testnet and BSC Mainnet.
The roadmap is as follows:
• Loopscan dummy version
• Launch of Testnet v1
• Public launch of Testnet
• Deploy Contract Testnet
• Block Explorer for Testnet
• Logo and website update
• List on Market Tracker
• Dex for Testnet
• Mainnet beta launch
• More partnership
• Protocol upgrade
• Launch of the NFT market
• Validator open to the public
• New CEX registrations
• Press release
• No more CEX registration
• Launched more than 100 dApps
• DEX Bridge
• Support for promising algorithms
Tokenomics of the Crypto Asset Loop
The crypto-asset of this project is called LOOP. It is available to trade on exchanges like XT.com, IndoEx, and P2PB2B.
The tax to be collected will be set for two purposes only:
40% for marketing, 60% for blockchain development
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128631