Loom Network (LOOM) is a platform engineered to make Blockchain development easier for developers globally. The ecosystem enables the creation and deployment of high-performance decentralized applications (dApps) on multiple Blockchain networks, including Bitcoin, Ethereum, Tron, and BNB Chain. Here, we delve into what Loom Network (LOOM) is and how investors in Turkey can purchase LOOM with Turkish Lira (TRY).
What is Loom Network (LOOM)?
Launched in 2017, Loom Network is a cross-chain platform designed to provide developers with the necessary tools and infrastructure to develop and deploy dApps effortlessly across various Blockchain networks. Its mainnet, Basechain, serves as a hub for enterprise-level dApps, offering user-friendly features to bridge the gap between traditional web development and Blockchain technology.
Supported by a delegated proof-of-stake (DPoS) consensus mechanism and developer-focused software development kits (SDKs), Loom Network ensures security and scalability while simplifying dApp deployment on major chains. Basechain supports Ethereum Virtual Machine (EVM) compatibility, enabling Ethereum developers to use familiar programming languages like Solidity for dApp and smart contract deployment.
How to Buy Loom Network (LOOM) with TRY?
For Turkish investors, Binance TR provides an accessible platform to buy Loom Network (LOOM). Creating an account on Binance TR is straightforward; visit the website, complete the registration process with basic personal information, and verify your identity. The identity verification process can be done via the website or mobile app, requiring users to upload clear images of their identification documents and a selfie.
Key Steps for Successful Transactions
To deposit Turkish Lira (TL) into your Binance TR account:
- Navigate to the “Wallet” section on the homepage.
- Select the “Deposit” option and choose your preferred bank.
- Transfer the desired amount using the provided account name and IBAN.
- Upon confirmation, the funds will be available in your Binance TR wallet.
To purchase LOOM with TL:
- Click on the “Buy-Sell” option on Binance TR’s website.
- Search for LOOM/TRY trading pairs and select the option.
- Enter the desired purchase price and amount, then click “Buy LOOM.”
Following these steps ensures a seamless transaction experience on Binance TR, enabling users to trade efficiently and securely.
Result
In conclusion, Loom Network offers a robust platform simplifying Blockchain development for developers, while Binance TR provides an efficient and secure way for investors in Turkey to purchase LOOM with Turkish Lira. By leveraging these platforms, users can engage seamlessly in the Blockchain ecosystem, ensuring optimized and secure transactions.
