Loop Finance Recharged
It's been just over two months since that fatal day where Terra (Luna) Network collapsed into a blackhole of nothingness continuing to fall over itself in a death spiral. Since then a number of projects and protocols have migrated to new chains leaving the Terra Brand behind.
Who can blame them with lots of projects and development teams losing millions and millions of dollars standing still unable to do anything other than plan for their survival or in Loop Finance's case, revival.
In Loop Finances recent article 7 Benefits Of Building On Juno Network the team discuss their plans on launching on Cosmos sister chain Juno.
Why Juno?
As the team points out in their article Juno is the chain on Cosmos specially designed for developers and builders a like. With its interoperability, security, scalability and low cost asset transfer it is ripe for any developer wanting to establish their own projects on the Cosmos ecosystem.
The other benefit is that Juno is designed to accept multiple dApps regardless of the language they are written in and with a suite of services and supports Juno has an advantage over a number of other chains.
Juno also has the capacity to handle 10,000 transactions per second on its proof-of-stake chain which means it is a highly scalable chain.
Changes in Tokenomics
Rebuilding projects also come with benefits and for Loop Finance they have used this time wisely to come up with LOOP Token: Recharged having learned vital lessons on user behaviours and which models worked well and which didn't.
LOOP will have a total of 1.2 Billion tokens with 230 million awarded to pre and post Luna crash and the remaining provided through liquidity mining, staking and NFT rewards as incentive. A total of 250 Million have been put aside for these activities.
There are a lot more breakdowns of tokens and distribution and I would highly recommend reading the article linked above for a full in depth look.
When Launch?
Launch is coming soon and everyone is excited with the community awaiting some really big changes and the launch of LOOP Finance NFT-FI which will enable earning capabilities of NFTs like never before seen.
This was quite the development that LOOP Finance was previously developing prior to the Terra (Luna) Network collapse and it is wonderful that the team has kept the dream alive and we will get to see it in the near future.
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