User:Encyclopea/sandbox

Loop
Loop is a decentralized platform developed on Loop network that allows the creation of NFTs, Crypto/NFT marketplaces, and runs an Auto-staking protocol. The project was founded by Aqib Arain, and one of its primary purposes is to help grow the blockchain community and make its services more accessible to people all over the world.

Overview
Loop seeks to leverage the blockchain technology to explore how blockchain can be used to aid and improve financial services, ultimately increasing efficiency and reducing costs. Below are some of the blockchain services offered by Loop;

Auto Staking Protocol
Loop maintains a stance in the blockchain space as a blockchain project that focuses on reaching and helping many people who seek to tap into the investment rewards that lie in the Auto-staking and Auto-compounding protocols. Staking has become a popular way to make a profit in crypto without trading coins. As of April 2022, the total value of cryptocurrencies staked exceeded the $280 billion threshold, according to Staking Rewards. Loop’s protocol remains one of crypto’s Highest Paying Auto-Staking and Auto-Compounding protocols with the greatest fixed APY on the Proof of Stake model.

$LOOP
$LOOP is the native token a user receives as staking rewards every time a block is validated, and new $LOOP tokens are minted and distributed. Loop uses its blockchain-based token to reward its holders with automatic passive interest payments every 15 minutes over the lifespan of 13.5 years until the maximum supply of 3.25 Billion tokens has been reached. Also, $Loop will be used as a payment currency, investment purposes, make purchases within Loop's ecosystem.

Loop Marketplace
The Loop Marketplace is developed on the Loop blockchain, and users will be able to exchange Crypto or NFTs minted on different blockchains for $LOOP token. Anyone can mint NFTs on the Loop blockchain and list them on the marketplace to sell and get paid in $LOOP by the buyer. The user can then decide to use the earned $LOOP to buy another NFT on the Loop marketplace or hold the $LOOP in the Loop exchange wallet and probably stake it to earn more rebase rewards.