Loom Network

Loom Network(LOOM)

Loom network provides a scaling solution for Ethereum, focuses on games and social apps. Their social app delegatedcall.com (a mix between Steemit and StackOverflow) is live and runs on the blockchain. Loom Network SDK is in closed beta as of 2018 Q1. It lets developers create scalable DAppChains and focuses on building an app instead of implementation of blockchain layers.
  • Market Cap
    $239.930.857
  • Price
    $0.399213
  • Category
    Gaming
  • Origin
    Thailand
  • Team Size
    25-50
  • Initial Release
    18/11/2017
  • 10-8 High Potential
  • 8-7 Potential
  • 7-6 Considerable
  • 6-5 Risky
  • 5-0 Scam
Satoshi Rating
  • Product Ratings
    7.4
  • Team Ratings
    7.9
  • Execution Ratings
    7.0
Product
  • The need for the product ⓘ

    8
  • Total addressable market size ⓘ

    8
  • Product/market fit ⓘ

    8
  • How is the product compared to existing solutions? ⓘ

    8
  • How difficult is to make the product? ⓘ

    7
  • Could this product scale? ⓘ

    9
About Product
Loom Network tries to find a balance between security, speed and cost trade-off. While Ethereum network provides a secure dapp platform it is not cost effective and not fast enough for commercial use. By combining DappChains with Plasma Cash, Loom Network provides secure enough environment (checkpoints to Ethereum Network), cost-effective (dPoS) and fast transactions. Their product delegatedcall.com is a showcase of the platform. The website is similar to a block explorer, it displays content stored on the blockchain.
Team
  • Team's previous experience ⓘ

    7
  • Does the team have a clear vision? ⓘ

    9
  • Is technical team sufficient for building the product? ⓘ

    9
  • Is the team active? ⓘ

    9
  • Is the team size big enough? ⓘ

    8
  • How is the team growth? ⓘ

    8
About Team
They are a software development company. Developers building tools for developers. The good thing is the focus is on building and iterating. If they are going to be the platform like Appstore they may need more business minded and marketing specialists after Q2.
Execution
  • Could this team get the product into a market? ⓘ

    8
  • Could they do it in time? ⓘ

    8
  • Did they meet previous deadlines? ⓘ

    9
  • Is the marketing strategy sufficient? ⓘ

    7
  • Team’s previous achievements ⓘ

    8
  • Strategic partnerships ⓘ

    6
  • Current market size ⓘ

    6
About Execution
They are quite transparent. The community is frequently updated on latest developments. Embracing the developer community was necessary and we think they are doing a good job there. Use of token is well constructed.
Editor's note

DelegatedCall is more like a demonstration of the platform but it is not that well thought of. For it to be successful against existing solutions it needs more work. In June SDK will be in open beta and interest for it from the community will show us where Loom Network is headed. Mobile gaming with blockchain could be a killer app for mass adoption. We are in early stages but Loom Network has the potential.

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Initial Rating: May 12, 2018

Last modified: June 4, 2018