Loom Networks Launches a Reward Program for Decentralized Applications (DApps) Developers


A blockchain platform – Loom networks that deals largely with games and social apps launches a reward program to its DApps developers. Loom stated in an announcement made on Sep 24 that they have initiated a new campaign to hire the DApps developers. The program mainly involves large Loom token bonuses to improve the environment.

Mathew Campbell- Loom’s co-founder, stated that they intend to reward their stakeholders, current validators, and existing and future Dapps developers with Loom tokens for undertaking various responsibilities. The company is looking forward to shifting from the normal steady pace to accelerating at a higher gear. They want to go higher over the coming year and beyond.

Loom Token Rewards Project

The reward project has millions of Loom tokens to give out during the month of October. DApps developers who will work on the first DApps and get hired and listed on DApp, will be offered 500,000 token bonus. This is equivalent to $17,500.

In addition to this, the developers who will be able to launch working block explorers will earn themselves an extra bonus worth $70,000. This will add up to about 2,000,000 tokens.

Loom Network possesses the highest lead in terms of blockchain scalability. They are looking forward to increasing their pace over the year 2020 and years to come to take this lead to a higher level.

Crypto Bonuses Program

Following the report by Cointelegraph early this year, BTC (Bitcoin) rewards shopping app collaborates with Petco (Pet Retailer) and the Major American grocery chain Safeway to give back 3.5% to its clients for all the purchases made.

As this happens, American express is working on its hyper-ledger bonus program which will allow their partners to customize their own reward programs to offer to their financial corporation's clients.

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