What is a LOOP token?

LOOP is the native token of Loop Finance. LOOP can be used for both governance activities and many other use cases, which will be discussed later.

LOOP Key Metrics

Token Name: Loop token

Ticker: LOOP

Contract: terra1nef5jf6c7js9x6gkntlehgywvjlpytm7pcgkn4

Token type: Governance

Total Supply: 1,000,000,000 LOOP

Circulating Supply: 7,000,000 LOOP

LOOP Token Use Cases

LOOP token has several use cases as follows:

• Governance: (Upcoming) Users stake LOOP tokens to vote on community grants, protocol updates, and parameter changes.
• Earning transaction fees: Users provide LOOP as one side of the liquidity pair to earn transaction fees on LOOP AMM.

Is Loop Finance (LOOP) a good investment?

I hope that from all the mentioned information, you can get a basic understanding of Loop Finance to start researching more about this project. It is hard to tell firmly whether any project/ token is a good investment or not.

Loop Finance is built on the Terra blockchain, which sees promising growth in the future.

I don't think it makes sense to talk about the benefits of Terra, you can easily see articles about it from me (as an example) and from my colleagues at Flipside

As an example, I will give the following graphs:

However, Loop Fiance still has its own strengths that we can pay attention to. For instance, Loop Finance makes use of the bridge to increase capital for Loop AMM. It also has quite an interesting flywheel model between Loop Wallet and Loop AMM. If Loop Finance successfully partners with many local merchants on its wallet, it can bootstrap more liquidity for Loop AMM in the future.