![]() Relentless is a fast-paced, adrenaline-pumping strategic trading card game that rewards you with loot and rare cards for winning matches. Think you have what it takes to go up against some of the most vicious creatures on Earth? They have already announced plans to build bridges to these other popular blockchain networks and plans for PlasmaChain to be the central hub for them all.Many will enter the battleground - but only a few will survive. They hope that PlasmaChain will be a hub that connects different blockchains such as Ethereum, Cosmos, EOS, and Tron together. The grand ambition for the Loom team will be for the PlasmaChain, which will be the primary Loom network to be “one of the most widely used blockchains in existence” through interoperability. The Loom team hopes to have up to 50% of the total circulating supply staked in the PlasmaChain. In the first two months since its release, LOOM holders have staked over 20% of the circulating supply or over $10 million in value in the PlasmaChain. PlasmaChain validators stake or lock up LOOM tokens in the network, run special hardware and software to process transactions, and get rewarded in LOOM tokens. The PlasmaChain is a blockchain connected to Ethereum that uses Proof-of-Stake so requires validators instead of miners to secure the network. The main use of LOOM tokens will be for staking on the PlasmaChain. Any wallet that is compatible with ERC20 tokens is also compatible with LOOM tokens. LOOM tokens can be traded for on major crypto exchanges. Unlike many other token teams, the Loom team did not do an ICO and were privately funded. There is a fixed supply of 1 billion LOOM tokens with about 55%-65% of the total supply in circulation and the remaining supply held by the company, team, and advisors. LOOM tokens are ERC20 tokens that were created on the Ethereum network. Transferrable to any other platform, exchange, or account.The game benefits from being on the blockchain because cards and in-game items are: The game allows plays to collect rare cards and battle each other. To demonstrate the value and functionality of their side chain technology, Loom has developed several blockchain games with the most ambitious game being Zombie Battlegrounds–which is now called Relentless. By using dPOS as the consensus mechanism in their side chains, Loom allows developers to create dapps that have less than 1 second transaction times, as opposed to 15 seconds on the Ethereum main chain, as well as very low or even zero transaction fees. Loom refers to itself as the “EOS of Ethereum” because EOS is a highly scalable or fast smart contract and dapp platform that also uses delegated Proof-of-Stake (dPOS) to maintain their network. What’s so special about the Loom Network? Early 2019 – Loom announces plans to build their PlasmaChain to be interoperable with EOS, TRON, and Cosmos Hub.March 2018 - Loom Network is live in production. ![]()
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