What is Loom Network (LOOM) Coin

Loom Network (also referred to as Loom) launched its mainnet, Basechain, in September 2018. Basechain is a Delegated Proof-of-Stake (DPoS) network that acts as an interconnected multi-chain platform supporting the Ethereum, Binance Chain, and TRON networks.

Basechain allows developers to deploy highly-scalable games and user-facing dApps that interact with other major blockchains. Developers can deploy their dApp once to Basechain and gain access to the user base of multiple networks.

The LOOM token is an ERC-20 token on the Ethereum network, it is a staking token that is used to secure the Basechain network, and is further used as the currency that dApp developers use to host their dapps on BaseChain.

Any LOOM holder can delegate their tokens on Basechain to help support validators and actively participate in securing the network.

How To Buy Loom Network (LOOM) Coin

1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Loom coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.

2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.

3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.

4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Loom Network coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.

How Much is a Loom Network (LOOM) Coin

Loom Network (LOOM) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.

Where to Buy Loom Network (LOOM) Coin

https://www.wheretobuycoin.com/where-to-buy-loom-network-loom-coin/