Kriptoks

Loop Finance is a decentralized exchange (DEX) that operates on the Terra blockchain and features incentivized liquidity pools. The platform's native utility token, LOOP, has several uses, including governance votes and the accrual of value from swaps made on the exchange. In addition to its DEX functionality, Loop Finance offers other services, including liquidity farming for Terra-based projects and a tokenized content community that enables users to earn tokens by creating educational content related to cryptocurrencies and blockchains. The platform also provides a listing of all Terra tokens, along with their market cap, price, and circulating supply.

The LOOP token was launched on August 11, 2021, with one billion tokens created at the project's genesis. These tokens will be distributed over a five-year period, with 29% allocated in the first and second years, 22% in the third year, and 10% in the fourth and fifth years. The distribution breakdown includes 15% for the team, 25% for liquidity mining, 20% for partnerships, 25% for the community treasury, and 15% for investors.

Loop Finance was founded by a team of Australian entrepreneurs and software developers, including Tom Norwood, Simon Rahme, Marcela Rodriguez, Eric East, Chad Stephens, and Marco Tebaldi. The project now employs over 15 staff, including developers and content creators from various parts of the world.

As the first DEX on the Terra blockchain with incentivized liquidity pools, Loop Finance seeks to provide a seamless and user-friendly experience for its users. By enabling projects to create farms for liquidity providers and incentivize them with their own tokens, Loop Finance encourages greater participation and liquidity on the platform. The tokenized content community also aims to foster knowledge-sharing and education within the blockchain and cryptocurrency space, which could help drive adoption and growth of the ecosystem.

LOOP token holders can participate in governance votes to shape the future of the platform and earn rewards for staking their tokens to aid in securing the network. Developers can use the token to pay for DEX hosting on the Loop Finance platform. Overall, Loop Finance aims to provide a comprehensive suite of services to users and projects on the Terra blockchain, offering a range of functionalities that enable users to seamlessly trade, farm, and create content while earning rewards.