Loop X Network is a Layer-2 cross-chain network solution for developing and scaling dApps. Loop X Network is a Delegated Proof-of-Stake (DPos) network that acts as an interconnected multi-chain platform supporting the Ethereum, BNB Chain, Bitcoin, EOS, Cosmos, and TRON networks.
Loop X allows developers to deploy highly-scalable games and user-facing dApps that interact with other major blockchains. Developers can deploy their dApp once to Loop X network and gain access to the user base of multiple networks. This enables developers to combine assets and distribute it across multiple chains seamlessly at the same time.
$LOOP token is a staking token that is used to secure the Loop X network, and is further used as the currency that dApp developers use to host their dApps. Any $LOOP holder can delegate their tokens on the Loop X network to help support validators and actively participate in securing the network.
