Loom Network Profile (LOOM)
Project Safety Score
Wed, Jan 26, 2022 6:38 AM
The Next-Generation Blockchain Application Platform for Ethereum. Loom Network’s DPoS sidechains allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet. Like EOS on Ethereum. What is Loom Network? Loom Network is a Layer 2 scaling solution for Ethereum that is live in production. It is a network of DPoS sidechains, which allows for highly-scalable games and user-facing DApps while still being backed by the security of Ethereum. Live in production Loom Network has been live in production since March 2018. Developers, start building on Loom today. Highly Scalable Sidechains Dubbed “EOS on Ethereum”, Loom’s DPoS sidechains provide the same high scalability and throughput promised by alternative platforms like EOS, while still being fully Ethereum-compatible and secure. Backed by Ethereum We built the world’s first Plasma Cash implementation, which allows Ethereum-based tokens to be used on Loom sidechains with the full security guarantees of Ethereum.
Read more in the whitepaper:
Loom Network Smart contracts and audits.
Below are the available smart contract addresses and any associated contract audits.
Loom Network is a part of the following ecosystems.
Loom Network Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
Loom Network Safety Report
Loom Network has a safety score of 5.1
Loom Network is a micro cap token.
Loom Network is suited to a adventurous investment style.
Loom Network Profile
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
- bitcointalk thread
- tradingview profile
Loom Network Red Flags
There are currently no Loom Network red flags.
Loom Network Development Score
The Loom Network project has 99 active source code repositories.
The most recent commit was Mon, Jan 17, 2022 11:39 AM
- 761 Watchers
- 2955 Stars
- 663 Mentionable Users
- 0 Vulnerabilities
- 19 commits in the last 28 days.
- extremely high stars
- very good watchers
- extremely high repo stars
- daily repo updates
- good mentionable users
Loom Network Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.
- The overall sentiment is very positive
- A collection of articles to be just about confident of the sentiment
Loom Network Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Loom Network?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall Loom Network has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.
- extremely high hashtag tweets
- extremely high gitHub account watchers
- no reddit articles
Loom Network Awareness Score
The awareness score indicates how well Loom Network is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Loom Network is but a good measure of longevity is how well the project is known by the general public.
Overall Loom Network this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- poor search result total
- very poor number of news articles mentioning Loom Network
- no number of headlines about Loom Network
- very poor number of Loom Network YouTube videos
Loom Network Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Good project age (released Mar 14, 2018)
Loom Network Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- below average USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
Loom Network Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
A few missing data points
This profile is still waiting for the following data points
- bitcointalk thread
- tradingview profile
Loom Network Reddit
Loom Network Github
Loom Network Twitter
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