-
Bitcoin $92,857.3496
-1.03% - Ethereum
$1,750.4828
-2.45% - Tether USDt
$1.0005
0.05% - XRP
$2.1885
-2.18% - BNB
$597.4359
-1.69% - Solana
$149.8729
-1.30% - USDC
$1.0000
0.01% - Dogecoin
$0.1788
-0.25% - Cardano
$0.7255
3.02% - TRON
$0.2464
0.28% - Sui
$3.2757
10.22% - Chainlink
$14.8489
-0.12% - Avalanche
$22.0620
-1.11% - Stellar
$0.2755
2.43% - UNUS SED LEO
$9.2218
1.65% - Toncoin
$3.1533
-0.18% - Shiba Inu
$0.0...01341
-1.13% - Hedera
$0.1856
1.66% - Bitcoin Cash
$349.6685
-3.25% - Polkadot
$4.1453
0.80% - Litecoin
$82.8054
-1.43% - Hyperliquid
$17.9889
-3.15% - Dai
$1.0001
0.00% - Bitget Token
$4.4327
-1.75% - Ethena USDe
$0.9995
0.02% - Pi
$0.6476
-1.41% - Monero
$227.9399
-0.28% - Uniswap
$5.8086
-3.78% - Pepe
$0.0...08567
-4.18% - Aptos
$5.4495
1.50%
When was LOOM coin issued?
In June 2018, LOOM Network raised $46 million through an ICO, selling 60% of its LOOM tokens at $0.40 each.
Dec 01, 2024 at 01:04 pm
LOOM Coin Issuance Timeline
Timeline of LOOM Coin Issuance
- June 2018: Initial Coin Offering (ICO)
- LOOM Network conducted its ICO from June 28 to July 12, 2018.
- The ICO raised a total of $46 million, with each LOOM token sold at $0.40.
- Approximately 60% of the tokens were offered during the ICO.
- September 2019: Token Swap
- LOOM Network announced a token swap for its ERC-20 LOOM tokens to native LOOM tokens on its own blockchain in September 2019.
- The token swap allowed LOOM holders to convert their ERC-20 tokens to native LOOM tokens on a 1:1 basis.
- The token swap was necessary for LOOM Network to transition to its own blockchain and become independent of the Ethereum platform.
- March 2021: LOOM Coin Burn
- LOOM Network implemented a coin burn mechanism in March 2021 as part of its tokenomics strategy.
- The coin burn removed a portion of LOOM tokens from circulation, reducing the overall supply.
- The coin burn was intended to increase the scarcity of LOOM tokens, potentially driving up their value.
- Ongoing: Staking and Rewards
- LOOM Network allows users to stake their LOOM tokens to earn rewards.
- Staking contributes to the security and operation of the LOOM blockchain.
- Stakers earn rewards in the form of additional LOOM tokens, which are distributed prorated to the amount of tokens staked.
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