LOOM Token Issuance Details
The initial token issuance (ICO) for the LOOM token began on January 3, 2018, and concluded on January 9, 2018. During the ICO phase, the issuance price of LOOM was set at $0.07600. Additionally, its issuance prices denominated in Ethereum and Bitcoin were Ξ0.0000561 and Ƀ0.0000049, respectively. A total of $45.81 million was raised during this ICO.
Market Listing and Historical Performance
Shortly after the ICO, the LOOM token was first listed for public market trading on March 2, 2018. In the following months, LOOM's price increased, reaching its all-time high of $0.7745 on May 4, 2018.
Loom Network Project Introduction
Loom Network is a multi-chain interoperability platform designed to provide scalability and ease of use for decentralized application (DApp) developers. It allows developers to build high-performance DApps and reach a wider user base with a single deployment through integration with major blockchains such as Bitcoin, Ethereum, and Binance Chain. The LOOM token is the Proof-of-Stake (PoS) token for its mainnet, Basechain, primarily used to secure the network and pay for DApp hosting fees.
Tokenomics and Market Dynamics
According to public data, the maximum supply of LOOM tokens is 1.3 billion. As of September 2026, its circulating supply is approximately 1.24 billion. However, there is a significant anomaly between the currently displayed market capitalization data (approximately $112,300) and the circulating supply, rendering this data unreliable. Investors should verify the latest prices and project information on market platforms like Svmuu and conduct a comprehensive evaluation of the project's fundamentals before making any trading decisions.
Loom Network has experienced fluctuations in market sentiment throughout its development. For instance, in May 2020, some market views suggested the project might have been "abandoned" with developer attrition. However, in October 2023, the LOOM token saw an astonishing surge of up to 400%, sparking discussions about its potential to enter the top 100 by market capitalization. Entering 2024, market predictions for LOOM's future price remain uncertain, with its trajectory influenced by the overall cryptocurrency market, the development of the Loom Network ecosystem, and the regulatory environment.
LOOM Token Trading Channels
Currently, there are no reliable active trading channels for this token.
