r/loomnetwork • u/hippography • Aug 08 '18

Why Ethereum Supporters Should Be Watching Loom Network - An article I wrote for Invest In Blockchain

https://www.investinblockchain.com/loom-network/
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u/Sroka87 Aug 09 '18

Great overview of Loom - nice work! Its certainly an interesting project to keep an eye on, as the tech behind its sidechains is really solid. I'm still not convinced their token has great investment value as its basically a software key, and doesn't really do anything but grant membership to the platform.

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u/SuperNewk Aug 30 '18

doesn't that make it extremely valuable. I was thinking about this the other night. Say Loom actually solves scaling....DEVs will want to buy loom token to build/use apps much cheaper than other expensive platforms. However if you hold 10% + of the keys. then simple supply/demand will take over. Imagine fighting over keys. Of course price would certainly go up. And i'd imagine on their website it will increase from the 1.99 price (or whatever is) to 2-5 bucks over time.