Review on LOOPREX by Pedro O. Alvino M.
Decentralized liquidity mining funds.
Platform that is constituted as a decentralized mining network based on governance with its LOOP token, in which users will be able to fulfill the functions of merchants and token issuer in the Looprex ecosystem.
Users can participate in the Looprex network with the transaction of the LOOP token, which according to the amount of the transaction will provide LOOP, as a centralized exchange.
The project is in its inception phase, given its roadmap you have development plans at the end of 2021, by which the system and architecture of its services can be improved with new features, as well as its LOOP token that works as Utility token in the Looprex ecosystem, its level and performance in the market may vary depending on how Looprex works.
Pros
- Designed as a decentralized liquidity mining fundraising architecture on a pure chain and contract.
- Provides interoperable between cross-chains.
- Use a floating rate system.
- User can get LOOP according to LOOP-based transactions originating from the network.
Cons
- Very low trading volume on its LOOP token.
- It has very little community to support the project.
- Project in its beginnings.
