Powerloom Goes Live on Mainnet, Enhances Onchain Data Accessibility

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by Giorgi Kostiuk

2 years ago

Powerloom has announced the launch of its L2 mainnet on the Ethereum network, opening new possibilities for decentralized applications.

Powerloom Mainnet Launch

Powerloom, the data management platform, has launched its anticipated L2 mainnet on the Ethereum network. Prior to the mainnet launch, the Powerloom team and community conducted comprehensive testing to optimize the protocol.

Features and Benefits of Powerloom

The mainnet launch of Powerloom marks a significant step toward providing accurate and reliable onchain data without traditional barriers. With over 5300 distributed 'Snapshotter' nodes, Powerloom ensures seamless operation for decentralized apps, freeing them from reliance on external sources.

The Role and Listing of $POWER Token

Powerloom’s utility token, $POWER, has been listed on leading centralized exchanges, including Gate.io, MEXC, and KuCoin. The token plays a pivotal role by incentivizing ecosystem participants through staking and rewards.

The launch of Powerloom's mainnet opens new possibilities for decentralized applications by providing access to reliable data without high costs and complexities.

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