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| Loom Network 
| #LOOM
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| LOOM Price: | $0.07 | | Volume: | $97.1 M | | All Time High: | $0.76 | | Market Cap: | $42.1 M |
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| Circulating Supply: | 602,422,583 |
| Exchanges: | 18
| | Total Supply: | 1,000,000,000 |
| Markets: | 20
| | Max Supply: | 1,000,000,000 |
| Pairs: | 37
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The price of #LOOM today is $0.07 USD.
The lowest LOOM price for this period was $0, the highest was $0.070, and the current live price for one LOOM coin is $0.06985.
The all-time high LOOM coin price was $0.76.
Use our custom price calculator to see the hypothetical price of LOOM with market cap of BTC or other crypto coins. |
The code for Loom Network crypto currency is #LOOM.
Loom Network is 5 years old. |
The current market capitalization for Loom Network is $42,079,191.
Loom Network is ranked #360 out of all coins, by market cap (and other factors). |
There is a large volume of trading today on #LOOM.
Today's 24-hour trading volume across all exchanges for Loom Network is $97,095,740. |
| The circulating supply of LOOM is 602,422,583 coins, which is 60% of the maximum coin supply. |
Loom Network Update Q4 2022
Much Oww - We generally leave the market commentary to others, but it would be remis to say nothing at all at this point in time, so here goes… The recent insolvencies of crypto companies left many in shock, and it appears the dominos will continue to fall for some time yet. Let’s hope we won’t have to suffer SBF’s self-pity tour for much longer. You’ve probably received a bunch of emails from crypto companies lately saying: Don’t panic!, We’re super solvent!, We do the utmost due diligence!, You didn’t get one of these from us though. Why? Because Loom Network doesn’t trade, loan, or borrow against client funds. We’re a blockchain tech company, and our primary directive is to build, not gamble. — Live Community Events - Earlier this year we launched CryptoZombies Live events, these are instructor-led classes covering blockchain development topics such as Solidity, Ethereum, and more! While the CryptoZombies online course curiculum is already quite engaging, working through the curiculum is for the most part a solitary activity. We wanted to give our students the option to learn in a class-like setting, and the opportunity to network with other people that have shared interests. Our goal was to reproduce the dynamic found in hackathons, where participants set out to build something specific within a limited amount of time. To date the live events have been based around an instructor doing some ... 
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Cryptozombies Live Event Recap
Last Saturday we ran the first ever Cryptozombies Live Event! — An introduction - This was the first event we’ve organized that had an instructor-led interactive coding session. The new class-like format is part of our plan to expand Cryptozombies to cater to different learning styles, in addition to providing secondary benefits to students like the opportunity to network and collaborate with fellow blockchain enthusiasts. The event itself was hosted on the Happen Space Online & Hybrid Event Platform, with the Happen team graciously helping us organize the event, and troubleshooting last minute technical issues… which always seem to crop up regardless of how much testing you do beforehand :) The instructor for this event was Ed Zynda, a full-stack developer with over 10 years of industry experience who specializes in Web3 and blockchain technologies. He currently works as the lead blockchain engineer at Li.Finance. With the introductions out of the way, lets do a quick recap of how the event turned out. — Let there be… video… please?! - We had a dozen people show up at the agreed time and place — in the Happen Space Cryptozombies space. A pretty good turn out for our first event, and just the right amount of people for an intimate classroom session. Unfortunately, everyone had to wait a little while for us to sort out some technical issues with Ed’s video streaming setup before the live codi...
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Loom Network Update Q2 2022
Exciting stuff has been happening at Loom Network lately! — Cryptozombies Live - As previously announced, in addition to increasing the range of topics covered by the Cryptozombies curriculum, we’re expanding Cryptozombies to cater to different learning styles by adding instructor-led interactive coding sessions. The live events are hosted on the Happen Space Event platform and provide a more dynamic and engaging learning experience, while also giving aspiring blockchain developers ample opportunities to network with other like-minded individuals. Over the last four years we have taught over 500,000 people the basics of blockchain development through the Cryptozombies courses. Every day new developers discover this fantastic resource, and at this point you’d be hard-pressed to find an experienced blockchain developer who hasn’t heard of Cryptozombies! It’s a very strong brand, and we’re planning on leveraging it to a much greater extent to promote our Metaverse platform. — Metaverse Platform - We’re building an open Metaverse platform, backed by public blockchains like Ethereum, and of course our own production network Basechain. Our Metaverse platform allows developers to easily integrate blockchain-backed digital assets, virtual items, and extensive NFT-based privilege systems into their Metaverse experiences. Happen Space will be the first company to go live on our Metaverse platform, starting with ...
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LOOM Learn & Trade Promo on Binance
Binance, the World’s Largest Crypto Exchange will launch two LOOM promotions on November 17th, 2021 with $100,000 in prizes up for grabs! The promotions will start on November 17, 2021 00:00 (UTC) and run until November 23, 2021 23:59 (UTC). — Promotion A: Learn and Earn ($60k Prize Pool) - During the activity, users who trade LOOM, finish watching the LOOM Network (LOOM) introduction video, and take the quiz in this form, will share a prize pool of $60,000 in LOOM token vouchers. Reward 1: All users who trade 5,000 LOOM or more (including both buys & sells) in the eligible LOOM trading pairs and participate in taking the quiz, will be qualified to share the prize pool of $20,000 in LOOM token vouchers. Rewards will be distributed based on the total number of correctly answered questions as a proportion of all correctly answered questions by all qualified users., Reward Calculation: The reward for the qualified user = (Individual user’s correctly answered questions / total number of correctly answered questions from all qualified users) * $20,000 in LOOM token vouchers. Reward 2: All users who trade 10,000 LOOM or more (including both buys & sells) in the eligible LOOM trading pairs, and participate in taking the quiz and providing correct answers to all of the questions, will be qualified to equally share the prize pool of $40,000 in LOOM token vouchers., NOTE: Winners from Promotion A (Reward 2) will no...
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Loom Kusama Crowdloan Retrospective
Overview - On July 20th, 2021, Bifrost secured the final Kusama parachain slot in the 5th Kusama auction, by locking in 136,817 KSM. Basilisk put up a good fight for a while, ultimately raising 116,808 KSM — not quite enough to secure the winning bid. As for the other 11 bidders, only two managed to raise over 20k KSM through their Crowdloans. The 5th Kusama auction was the last in the current series of auctions, all up over 1.1 million KSM has been locked up for the next 48 weeks (which is the duration of the lease for the on-boarded parachains). Here’s the full list of winners and the amounts they’ve raised through their Crowdloans: Karura — 501,137 KSM, Moonriver — 205,935 KSM, Shiden — 138,457 KSM, Khala — 132,280 KSM, Bifrost — 136,817 KSM, Most of the parachain launches went smoothly, though Moonriver triggered a bug in the Kusama relay chain that caused their parachain to stall for a little while, fortunately they found a workaround and got their parachain running again fairly quickly.Photo by Alexey Savchenko on Unsplash — Retrospective - Going into these Kusama auctions we assumed that the amount of KSM that would be needed to win would drop significantly with each successive auction. Thus, we reasoned that the last auction could be easily won with a modest 50k KSM or thereabouts. Unfortunately our assumption turned out to be incorrect… while there was a signific...
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Loom Kusama Crowdloan Launch
Overview - At Loom Network, we want to enable developers to build dapps that are easily accessible across all major blockchains, and for users to be able to use dapps without wasting time trying to figure out the intricacies of the blockchain each dapp happens to be running on. To that end we’ve already built integrations with Ethereum, TRON, and Binance Smart Chain. ParityTech, and the Polkadot developer community at large have made great strides lately, and the first in a series of Kusama parachain slot auctions are now underway. The first few parachains have already been on-boarded on the Kusama relay chain, a huge milestone! The Polkadot ecosystem is at the forefront of blockchain innovation, thanks in large part to ParityTech’s work over the last few years in building up the Substrate and Cumulus SDKs that now power a vast assortment of blockchains. We’re very excited about the future of the Polkadot ecosystem, and intend to integrate it into our ever growing ecosystem of blockchains. To start with we want to on-board our own experimental parachain on Kusama, and in order to do so we’re launching a Kusama Crowdloan! — Polkadot Chains - The Polkadot ecosystem currently consists of two production relay chains, Polkadot, and Kusama. The latter comes with its own nifty tag line: expect chaos, that’s because Kusama aims to run on the bleeding edge of Polkadot development, while development of the main Polkadot...
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Integrating Polkadot into the Loom Ecosystem of Blockchains
Overview - At Loom Network, we want to enable developers to build dapps that are easily accessible across all major blockchains, and for users to be able to use dapps without wasting time trying to figure out the intricacies of the blockchain each dapp happens to be running on. To that end we’ve already built integrations with Ethereum, TRON, and Binance Smart Chain, and now it’s time to start planning the next major integration for our ever growing ecosystem of blockchains. We think building an integration with Polkadot makes the most sense, but before we begin working on this in earnest we’d like to get some feedback from our community to make sure we’re on the right track. — What is Polkadot? - Polkadot is one of the most popular blockchain projects at the time of writing, it was started by Gavin Woods, Ethereum’s former CTO. The project consists of a heterogeneous multichain with shared security and interoperability. In other words, there’s a central Relay chain, and all Polkadot validators stake and validate on this chain. The Relay chain supports only a small number of transaction types that control the governance mechanism, parachain auctions (more on these later), and participation in Polkadot’s Nominated Proof of Stake (NPoS) system. Basically, the Relay chain provides the bare minimum functionality necessary to coordinate the Polkadot ecosystem as a whole, while most actual work (e.g. executing ...
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How To Stake LOOM BEP20
LOOM tokens can now be staked via Binance Smart Chain (BSC), which has MUCH lower transaction fees than Ethereum. That means you can stake smaller amounts of LOOM, and do so more frequently — without having most of your staking rewards get eaten up by transaction fees! We will continue to support LOOM staking via Ethereum, and if you’re already staking LOOM you don’t have to do anything at all. On the other hand if you have some LOOM sitting around you could take advantage of the low BSC transaction fees to stake some of it today. Yesterday the new Transfer Gateway between Basechain and BSC was activated by the Basechain Build 1411 hard fork. The new Transfer Gateway is now operational, and we’ve just rolled out an update to the Basechain Staking Dashboard to support LOOM transfers through that Transfer Gateway. That means you can deposit LOOM BEP20 from BSC to Basechain for staking, and any LOOM you deposit to Basechain can be withdrawn to either Ethereum (as ERC20) or BSC (as BEP20). If you’ve previously staked LOOM ERC20 on the Basechain Staking Dashboard then you’ll find that the experience of staking LOOM BEP20 is very similar, but much cheaper! And if you’ve never staked LOOM before, not to worry, we’ll go over the basics in this article. — Staking Basics - — Prerequisites. — A small amount of BNB to pay for LOOM deposit/withdrawal transactions., Some LOOM BEP20 on Binance SmartÂ...
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LOOM BEP20 Token Launch
LOOM is now officially live on Binance Smart Chain as a BEP20 token! Launching LOOM on Binance Smart Chain (BSC) is the first step in our plan to increase the liquidity, utility, and usability of the LOOM token, and to make it both quicker and cheaper to stake your LOOM on our Basechain network. The LOOM BEP20 contract address on Binance Smart Chain is 0xe6ce27025f13f5213bbc560dc275e292965a392f Just to make it perfectly clear… the BEP20 LOOM token will not replace the existing ERC20 LOOM token, the two token contracts will co-exist. LOOM will live on Ethereum as an ERC20 token and on Binance Smart Chain as a BEP20 token. Transferring LOOM between Binance Smart Chain and Ethereum is fairly easy, and Binance now provides a couple of ways to do so. We’ll walk you through the current options in the rest of this article. — Withdrawing LOOM from Binance to BSC - If you previously bought some LOOM on Binance, or transferred LOOM to your Binance exchange wallet from your Ethereum compatible wallet then you can withdraw your LOOM to Binance Smart Chain in a few simple steps. Go to www.binance.com, and Log In, Step 1 — Log in on Binance.com Open the Wallet -> Fiat and Spot page, Step 2 — Open Fiat and Spot Wallet Press the Withdraw button at the top to open the Withdraw page., Step 3 — Open the Withdraw Page Select LOOM from the Coin drop-down, and then (1) Enter the BSC account you want to receiv...
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Swapping LOOM tokens on Binance
In case you just found out there’s a LOOM token swap going on, you might want to start by reading our token swap launch article. If you still have some old LOOM sitting around in your wallet you have a couple of options for swapping those tokens: You can swap LOOM on our dashboard, it’s fairly straightforward, and we’ve previously published a step by step walk-through., If you don’t plan on keeping the LOOM after swapping you might find it more convenient to swap your tokens on Binance through their Convert & OTC Portal page., In this article we’ll demonstrate how to swap old LOOM for new LOOM on Binance. Go to www.binance.com, and Log In, Step 1 — Log in on BinanceNOTE: If you accidentally sent old LOOM to Binance (maybe from another exchange, or from your wallet) then just skip a couple of steps ahead. Next, you need to deposit your old LOOM tokens into your Binance wallet. Open Wallet -> Fiat and Spot., Step 2 — Open Fiat and Spot Wallet Then type LOOMOLD in the Search Coin input field, click on the Deposit button, and follow the instructions to deposit your old LOOM tokens. Once you receive a notification that the deposit was successful proceed to the next step., Step 3 — Deposit old LOOM (LOOMOLD) Go back to the Wallet -> Fiat and Spot page, your old LOOM tokens should now show up as LOOMOLD. Click on the Convert button on the far right., Step 4 — Start converting old...
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 | Binance Reserves Report Dissected As Exchange Quells Concerns
Mainstream media has been on a crypto rampage this year following several high-profile company meltdowns. The Wall Street Journal has been at the forefront of some of those attacks.
Its latest attempt to deride the crypto industry has taken a swipe at Binance and its recently released proof of reserves.
Over the weekend, the outlet reported that it had consulted with accounting experts who said “investors still shouldn’t be satisfied with the report.”
Over the past month, Binance has been releasing data on its crypto wallet holdings, as reported by CryptoPotato. Furthermore, the firm claimed that deposits were backed 101%.
Binance Reserves Picked Apart
According to an accounting professor at Baruch College in New York, Douglas Carmichael, the report released by audit firm Mazars last week lacks information.
The WSJ also nitpicked at a Bitcoin price discrepancy that it claimed would make Binance reserves 97% collateralized, not 101% as the firm claimed.
Binance spokeswoman Jessica Jung told the outlet the difference of 21,860 BTCs was “made up of BTC loans made to customers through the Binance loan program,” adding that “the collateral for said loans are not in BTC but in other currencies.”
The audit report did not detail any of Binance’s internal controls or systems to liquidate assets to cover leveraged loans, according to other accounting experts. Former Financial Accounting Standards Board member, Hal Schroeder, commented:
&l...
|  | Solana Plunges 12% – Is FTX Selling Its SOL To Defend FTT?
Amidst the turmoil surrounding crypto exchange FTX, there is currently one big loser, Solana (SOL). While the FTT token is at the center of discussions for many market observers after Binance CEO Changpeng Zhao announced to sell all FTT tokens, SOL is seeing a massive -12% drop in price over the last 24 hours.
Even the FTT token is currently posting a loss of just under -3%. So what is driving the SOL sell-off ? Just a few days ago, SOL experienced a massive price spike after Google announced the launch of a Solana validator.
Early Monday morning, SOL fell from its one-month high of $38.78, which it reached on Saturday, to $30.74 on Binance. At press time, the SOL token was trading at $31.34. Today's sell-off has thus wiped out all gains following the Google news and is now trading -8% on a weekly basis.
Solana plummeting on the 4-hour-chart under $31.
Solana A Victim Of The FTX Drama? The Ethereum community, most notably Eric Conner, core dev of Ethereum and co-founder of EthHub were quick to denounce the supposed 'Ethereum killer'. Conner stated via Twitter that it's 'funny as hell' to see the alleged 'FTX/Alamada/Solana scam' unfold after two years.
It’s so fucking hilarious watching you all realize the FTX/Alamada/Solana scam 2 years after most of us called it out and got lambasted for doing so.
— eric.eth (@econoar) November 7, 2022
But words of warning for Solana investors are not only coming from the ETH community. User are wondering if an possible impe...
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Crypto Coin Prices and News 