TOKENOMICS - Episode -3
Loom Network $LOOM
Max Supply: 1.3 Billion (Their website says 1 Billion but the CoinMarketcap and Etherscan show 1.3 Billion)
Circulating Supply: 1,219,425,698 (1.2 Billion)
Actual Circulating Supply (This is the actual circulating supply if we remove top 2 holders (Probably for rewards and other purposes, i could not find what they are) : 753,350,000 LOOM
$LOOM Utility
The LOOM token is used for staking, transaction fees, and bonding.
Is this a good coin long HODL?
I would not hold for more than a year as 57% of its supply has yet to come out. But it's just my personal opinion.
Not financial advice, do your own research!
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