— Loom Network (@loomnetwork) October 12, 2018
According to the brief announcement, LOOM went live for trading at 1:00 AM EST and Bithumb will be conducting a payback event where it will return 1% of all LOOM deposit and trading fees for a short period.
The listing comes just days after Blockade Games, the creator of upcoming blockchain-based RPG Neon District, a notable Loom Network game, announced that it is raising a $1.5 million seed round through an open raise on Paperstreet, a compliance infrastructure platform for token sales and investor syndication.
LOOM briefly surged above $0.14 following the announcement before settling around $0.1247, representing a $74 million market cap and making it the 71st largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.