Founders Matthew Campbell, Luke Zhang, and James Duffy founded the Loom Network in 2017. It was designed to be a Platform as a Service (PaaS) network that had the vision to create the future of the internet and blockchain-based gaming. In March 2020, Loom changed its mission and switched to a distributed platform for healthcare providers. Now, Loom Network aims to provide customized blockchain solutions for the healthcare industry to streamline the flow of data. The platform’s native token, LOOM, is an ERC-20 token that is also integrated with Binance Chain. LOOM has a maximum supply of one billion coins.
The best place to buy Loom Network is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Loom Network (LOOM). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of LOOM is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Loom Network with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy LOOM instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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