Loop Finance is a project born on the Terra blockchain which aims to create a DEX (Decentralized Exchange), an exchange and mint platform of NFT, and a strong purely crypto community, a bit like that of @leofinance. The project is based on two currencies: LOOP, the governance currency of the DEX, and LOOPR, a token rewards for the community.
Community
The team is always looking for official authors who bring value to the community and who deal with crypto issues, especially projects related to the Earth ecosystem. Users earn LOOPR tokens whereby they increase their voting power.
The token is especially crucial for the monthly LOOP token airdrop which will be constant for the next 5 years. The more LOOPR tokens you have in the balance account, in the Terra wallet or in the DEX pools, the greater the number of LOOPs you will get. The LOOPR token is also necessary for the publication of posts in the community (100 LOOPR / post) and later other functions and utilities related to the token will be implemented within the platform.
DEX
The decentralized Exchange is in beta phase, active for a few weeks, and has many pools both for Terra tokens but also for the most popular cryptocurrencies: for example, pools with Bitcoin (wBTC or wh BTC) have recently been implemented and Ethereum (wETH or whETH), using the Warmhole bridge.
CEO Tom Norwood during the interview with the Terra Bites guys announced that he is very interested in collaborating with Torchain (RUNE) and a pool will soon be created in the DEX. Users who provide liquidity in the DEX get rewards in LOOP.
LPs obtained from participating in pools can be blocked in farms to get more LOOP! Furthermore, it will soon be possible to stake LOOP and LOOPR directly to contribute to the pool of rewards available monthly. There are therefore truly innumerable possibilities to participate and earn money governance.
NFT
Another big bet is the NFT platform that is so popular in the crypto world and in particular on the Terra blockchain. The NTF market will allow anyone to be able to create their own NTF and trade it on the market.
There are some collaborations under development with external companies and projects already active on Earth and with the Android protocol for the introduction of numerous utilities. The launch of the market is expected by the end of the year
Mobile App
By the end of the year / early next year, the release of the Loop Finance App is also expected on both Playstore and Applestore. The App is considered an indispensable product for the average investor who is increasingly smart and for this reason it will be designed to be simple and functional that in a few clicks will be able to connect users with the DEX and with the NFT market and on which to run all operations as per website.
At the same time, an extension for Chrome will also be released with the aim of facilitating the user in the browsing experience on the platform in a few simple steps.
Tokenomics LOOP
The total supply is 1 trillion LOOPs which will be gradually released over the next 5 years. The first year there will be a total release of 300 million LOOPs, divided into Partnership (18%), Liquidity Mining (22%), Investment Round (20%), Community Fund (25%) and the Core Team (15%) .
Considerations
Loop Finance is an emerging project on Earth with great potential. It has a strong community of users who support it (the Twitter account has about 50k followers) and a team of over 40 people who work full time on the development of the various products (DEX, NFT, App and Chrome Extension). The NFT world will make a very strong contribution, in addition to the development of the DEX. The price of LOOP at the moment is very volatile as it is a young project and with products still in the release phase.
The Terra blockchain is sprouting many very interesting projects, I have been following Loop Finance from the beginning and the team seems really talented and reliable, so I will continue to support them and monitor the developments of the many applications being released.
