Reykjavík, Iceland–(Newsfile Corp. – June 24, 2022) – LOOP has just announced the launch of a super scalable powerful blockchain Defi platform. The platform is designed for a decentralized exchange, which means that it will allow users to mint synthetic assets. This allows them to bet on the price of a particular asset without actually 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 been implementing standards to ensure that its smart contracts and token interfaces are scalable and composable. This ensures that tokens can be used across networks. This is crucial, as they’ll need to be compatible with existing exchanges. There are some major advantages to LOOP’s decentralized platform. The platform will allow users to create their digital assets and trade them.
What are the Loop Network and the principle behind it?
The Loop Network is a Blockchain Layer-1 crypto project that has been designed purposefully for 5 extremely essential points. The entire project’s existence revolves around these 5 principles only, namely:
• EVM compatibility
The Loop Network provides a platform for converting traditional digital contracts into smart digital contracts, keeping them up with the latest evolving technology. The five principles bring forth a lot of benefits for the layman of the crypto trading community.
This project is designed to provide the utmost level of security and practicality for its investors. As of this moment, it is available to trade on popular exchanges anywhere.
• Developed keeping in mind Decentralized Applications
The entire project revolves around being transparent to be compatible with Decentralized Applications that promote the latest financial system unlike the conventional highly regulated and opaque banking systems worldwide.
• Increased Scaling
The Loop Network provides a super enlarged system for scaling that in turn encourages smooth functioning and speedy transactions. The team has developed a distributed ledger system that splits 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 the failed nodes cannot interfere with the system.
• Programmable money
It provides 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 ordinary currency. One can use their crypto assets like Bitcoin to do actions such as the ones they might with an ordinary currency like lending, borrowing, or even scheduling payments for index funds.
• Support both crypto assets as well as Non-Fungible Tokens
The network provides the creation of both assets as well as NFTs with the added benefit of high security, and scalability all while being compatible with the latest exchanges.
The project is hailed by its popular auditors:
• Audited by RDauditors and TechRate. Certik Audit is currently underway and a positive report is soon to be published.
• The Testnet is already live and functional.
• Successful CEX listing on platforms like XT.com, IndoEx, and P2PB2B. More listings are currently in progress and will soon be made live across platforms.
• NFT collection, Oracle, and Defi integration underway.
• DEX is fully functional on the Testnet and the BSC Mainnet.
The roadmap is as follows:
• Loopscan Dummy Version
• Testnet v1 Launch
• Public Testnet Launch
• Deploy Contract Testnet
• Block Explorer for Testnet
• Logo and Website Update
• Listing on Market Tracker
• Dex for Testnet
• Mainnet Beta Launch
• More Partnership
• Protocol Upgrade
• NFT Marketplace Launch
• Validator open for Public
• New CEX Listings
• Press Release
• More CEX Listing
• 100+ dApps Launch
• Bridge DEX
• Promising Algorithm Support
Tokenomics of the Crypto Asset LOOP
This project’s crypto-asset goes by the name of LOOP. It is available to trade on exchanges like XT.com, IndoEx, and P2PB2B.
The tax that will 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
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