Loom Network Review – Is Loom Network Legit or Scam

Loom Network review

Loom Network Token is another fast rising coin in the cryptocurrency market today.

On this article, we are going to review Loom Network.

Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.

About Loom Network

Loom Network (LOOM) is an Ethereum token that powers a network of delegated proof of stake sidechains (a system that Loom dubs “EOS on Ethereum”). This allows for highly-scalable games and user-facing dApps backed by the security of Ethereum.

Loom Network Supply

There are 1.00B LOOM in supply.

Pros of Loom Network

  • A lot of investors are ‘flocking’ to invest
  • It is now listed on Coinbase
  • They are fully decentralized

Cons of Loom Network

  • The coin is still under development
  • Multiple issues with its synchronizations between ledgers

Is Loom Network Legit or Scam?

Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear and most have also given up.

According to research, Loom Network is not a scam coin. It has been listed on top cryptocurrency wallets like Blockchain, Binance and lots more.

Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Loom Network on the comment section below. Don’t forget to rate and leave a review.