CoinEgg will list LOON/USDT trading pair at 22:00 (UTC+8) on Jun 11th.
Deposit opening time: 22:00, Jun 11th, 2020 (UTC+8)
Trade opening time: 22:00, Jun 11th, 2020 (UTC+8)
Withdrawal opening time: 22:00, Jun 11th, 2020 (UTC+8)
【Introduction of LOON】
(1). The Loon Network (abbreviation:LOON) is a long-term conception that aims at building up an inter-BlockChain decentralized loan network. Task of this network is to provide support to inter-BlockChain data transmission, credit interflow, and assets interconnection as well as to provide basic network support.
(2). Pain points of market and solutions
Pain points of market:
(a). Comparing with traditional mortgage loan, the speed of the current decentralized loan is as slow as snail’s.
(b). Inter-BlockChain circulation of digital assets cannot be realized.
(c). Rules of finance products are complicated, and there are difficulties in building contracts.
(d). Reliable oracle machines that can get through the on and off BlockChain data to resource on the computation is absent.
(e). Safe, reliable, and high-powered distributed loan service open platforms are absent.
The decentralized inter-BlockChain loan network is based on clients’ decentralized identification, which is established by combination of the user’s biological identity and social identity. Users’ on-BlockChain and off-BlockChain credit system is formed base on this identification. By providing hierarchy relay inter-BlockChain communication protocols, based on which the multi-BlockChains can develop the access layer of the puclic chains to need the need of on-BlockChain data communication. To provide contract template in the decentralized loan network, and based on the template, real life debtor-creditor relationship such as mortgage loan, saving, and P2P loan could be realized.
(3). Core framework
The coming LOON Network is composed by three basic parts:
- Loan App—Loonly Planet-- decentralized loan network portal;
- Decentralized Loan network—Loon Network--decentralized credit network on interpersonal relationship;
- New-type protocol for data transmission—Loon Protocal—decentralized inter-BlockChain loan protocol
Official website: https://www.loonetwork.com
Digital assets is the innovative investment product with large price fluctuations. Please judge your investment ability and risk tolerance rationally, make investment decisions prudently.
Jun 11th, 2020
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