Loom Network is offering tokens to DApp developers and they aim to do so, as rewards for the commitment the community members make towards the Loom ecosystem.
The blockchain-based network that aims to run large-scale social media and gaming DApps on its framework has decided that its loyal customers should no go unrewarded for their efforts in making the Loom network a better place for all that visit. The rewards were announced on September 24 in a report.
Loom Network’s agenda
The Co-founder of loom network, Mathew Campbell said that the success behind any network is the workforce that drives it and the firm wants to help reward the existing and new stakers that choose the Loom network. Their efforts in being an active member of the society will be rewarded with Loom tokens and this will act as a boost in developments that are to happen in the near future thus increasing the Loom network’s lead I the marketplace.
Mathew Campbell further added that they aren’t just focusing on the DApp developers, they want everyone to share in the joy of being a Loom community member including validators and existing stakers in the mix with DApp developers.
The bounties and rewards programs will have the first ten (10) DApp makers receive five hundred thousand (500,000) loom tokens if their apps get listed on DappRadar and are online on the Loom base chain. October is going to be a free giveaway for those willing to work with the Loom ecosystem.
At the time of writing, the five hundred thousand (500,000) Loom tokens are worth seventeen thousand five hundred dollars ($17,500) and that is not it. Successfully launching a functional block explorer weighs more. The developer to do that will be receiving two million (2,000,000) Loom tokens that equal seventy thousand dollars ($70,000).
This won’t be the last time either
Before the Loom network started incentivizing tasks that would help their ecosystem grow, we’ve seen BTC rewards on the Lolli shopping app that teamed up with the American grocery shopping chain Safeway and pet retailer Petco entitle with a three (3.5%) percent BTC returns reward on their purchases.