Loom Network offers up to 2M Loom tokens for DApp developers

Loom Network offers up to 2M Loom tokens for DApp developers

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.

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

Related News

Hot Stories

Ripple price analysis: XRP turns bearish again after pulling back up to $0.45, what's next?
Portugal unveils capital gains tax on crypto
Dogecoin founder says 95% of cryptocurrencies are ''scam and garbage"
Ripple price analysis: XRP/USD set to break above the $0.5 resistance
Cardano Price Prediction 2022-2030: Is ADA a good investment?

Follow Us

Industry News

The Pussyverse: How cryptocurrency Could tackle gender inequality in finance
MiamiCoin and NewYorkCoin plummet over 85% despite Mayoral endorsements
Cloudflare grants public access to Ethereum and IPFS gateways
Coinbase slows down hiring plans after Q1 losses
Korea's authorities open investigation into TerraUSD collapse