ABOUT THE LOOM DAO
The Loom Dao is a Dao projected on the Near Blockchain with Loom Token as the Governance Token for the Loom Dao.
The Loom Dao Team is building a native voting dApp that will be used in decision making processes / voting on the Near blockchain. This Dapp will also be made available for other projects and communities on this blockchain to do their governance.
We plan on building a decentralized community where important decisions in the community will be made by the community, through voting. Decisions won’t be made solely by the Team.
When an important decision is brought up, a poll will be made in our voting dApp and our community members will make their decisions by voting using the LOOM TOKEN. After which, the poll that got majority votes will be worked with.
Other Communities in the Near Ecosystem that will be interested in holding their decision making process using our dApp will be allowed to do so. The Loom Token will be used in voting aswell.
ABOUT THE LOOM TOKEN AND ITS USE CASES
The Loom Token has a Total Supply of One Billion pieces (1,000,000,000). It is the Governance Token of the Loom Dao. During decision making processes, the Loom Token will be used by the community members in voting.
THE LOOM TOKEN USE CASES
The Loom will serve as Governance Token of the Loom Dao. During decision making processes, the Loom Token will be used in voting.
New and existing projects / communities on the Near Protocol will be able to use our DApp to conduct their decision making processes using the Loom token.
By Q4, we plan on launching our NFTs. The Loom Token will be used in purchasing them.
As a team of builders dedicated to bringing the future to the Near Blockchain, the Loom Token will serve as our native token for all our our upcoming projects.