20 April, 2022
Loop X Network is a Delegated Proof-of-Stake (DPos) network that acts as an interconnected multi-chain platform supporting the Ethereum, Binance Chain, Bitcoin, EOS, Cosmos, and TRON networks. Loop X allows developers to deploy highly-scalable games and user-facing dApps that interact with other major blockchains. Developers can deploy their dApp once to the Loop X Network and gain access to the user base of multiple networks. This enables developers to combine assets and distribute them across multiple chains seamlessly at the same time.
LOOP token is a staking token that is used to secure the Loop X network, and is further used as the currency that dApp developers use to host their dapps.
Any LOOP holder can
delegate their tokens on the Loop X network to help support validators and
actively participate in securing the network.