Loom Network, known as LOOM, is a platform dedicated to simplifying the development and deployment of Blockchain technology for developers globally. With a focus on creating a user-friendly environment, Loom Network enables developers to build and launch decentralized applications (dApps) efficiently on various Blockchain networks such as Bitcoin, Ethereum, Tron, and BNB Chain. In this article, we explore the essence of Loom Network and provide insights on purchasing LOOM with Turkish Lira (TRY).

Understanding Loom Network (LOOM)

Loom Network represents a cross-chain optimized platform that equips developers with essential tools and infrastructure to seamlessly develop and deploy dApps across different Blockchain networks. Initiated in 2017, Loom Network has evolved to emphasize its mainnet, Basechain, which acts as a central point for deploying enterprise-level dApps across diverse sectors. By offering intuitive features, Loom Network strives to bridge the gap between conventional web developers and Blockchain technology.

Supported by a delegated proof-of-stake (DPoS) consensus mechanism and software development kits (SDKs) tailored to developers, Loom Network ensures security and scalability while simplifying dApp deployment across major chains. Basechain, the primary net of Loom Network, enables LOOM coin holders to delegate tokens for securing the network, fostering quicker transaction confirmations, and scalability.

Loom Network provides various SDKs like Loom SDK, Unity SDK, and Go Contract SDK to accommodate developers at different Blockchain proficiency levels. These SDKs empower developers to create smart contracts, gaming dApps, and seamlessly connect to dAppChains. Moreover, Basechain, compatible with Ethereum Virtual Machine (EVM), enables Ethereum developers to deploy dApps and smart contracts using familiar programming languages like Solidity.

The primary asset of Loom Network, LOOM, plays a critical role in platform security and hosting dApps on individual dAppChains. LOOM coin holders can stake their coins to help secure the network and earn rewards. Introducing zkLoom, a ZK-rollup protocol, further enhances scalability and security by collecting transaction data off-chain.

Purchasing Loom Network (LOOM) with TRY

Binance TR serves as a suitable cryptocurrency exchange for Turkish investors seeking to acquire Loom Network (LOOM). On Binance TR, users can swiftly create accounts and trade over 100 cryptocurrencies, including LOOM. To purchase Loom Network (LOOM) with Turkish Lira (TRY) on Binance TR, follow these steps.

Creating an Account on Binance TR

Opening an account on Binance TR is straightforward. Visit trbinance.com, proceed with the 'Create Account' option, and provide basic information such as email, phone number, name, nationality, and Turkish ID number. Verification through email/SMS is necessary to validate the details followed by identity verification (KYC) for security.

Account Verification on Binance TR

Identity verification on Binance TR is a crucial security measure required before engaging in cryptocurrency trading. This step safeguards both users and the exchange. Verify your account via the official Binance TR website, scanning the QR code with your mobile camera, and submitting the required documents following on-screen instructions.

Depositing TL on Binance TR

Depositing Turkish Lira (TL) into your Binance TR account from various banks is convenient. Major banks like Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans support 24/7 deposits. Deposits exceeding 50,000 TL from other banks are processed during EFT hours.

Buying LOOM Coin with TL on Binance TR

After depositing, navigate to the 'Buy-Sell' option on Binance TR, type 'LOOM' in the search bar, select the LOOM/TRY pair, enter the desired amount, and complete the purchase by clicking 'Buy LOOM'.

Introducing Binance TR

Binance TR, introduced in 2020, caters to cryptocurrency investors in Turkey, leveraging Binance's technology and security measures. With fiat-to-crypto and crypto-to-crypto trading services, Binance TR allows users to trade various cryptocurrencies using TRY pairs. Users benefit from market-leading spot trading liquidity, advanced security protocols, and custody solutions on Binance TR.

For Turkish investors interested in LOOM, Binance TR offers a seamless platform for acquiring this digital asset.