Sphynx Labs x Loop Network Are Joining Forces For A DEX Partnership
Sphynx Labs is extremely proud to announce another massive partnership with Loop Network. Loop Network is building a Super Scaling Blockchain Network, and Sphynx will be the only DEX on the Mainnet. Sphynx will provide a launchpad for projects, liquidity, swap, and all other functionality that Sphynx provides to BRISE, CRO, and BSC. Utilizing the Sphynx Bridge, users of the Loop Network will also enjoy the ability to bring assets to the chain from all of the chains that Sphynx currently supports or will support in the future.
What is Loop Network
Loop Network is a blockchain platform that allows smart contracts without the scalability and privacy issues of older platforms like Ethereum. Similar to Ethereum, Loop Network enables parties to construct smart contracts by specifying the behaviour of the virtual machine (VM) that performs the contract’s purpose through code.
Loop Network uses the current developer community and ecosystem to address scalability and usability challenges while maintaining decentralization. It is an off-chain/external scaling solution for current platforms to offer DApps/user features scalability and enhanced user experience.
The LOOP Chain will be a revolutionary Proof of Stake and Authority consensus that delivers EVM-compatible programmability and native cross-chain connectivity (PoSA). A Proof of Stake and Authority (PoSA) consensus architecture, which can enable quick block times and minimal fees, is the foundation of the LOOP Chain.
How will Sphynx benefit from this?
Sphynx’s main objective is to serve as an all-encompassing platform for cryptocurrency lovers to invest, develop, and earn. The Sphynx ecosystem’s adoption of Loop Network will increase users’ ability to bridge and trade. Sphynx will enable the Loop chain to trade, stake, farm, establish initiatives, and do much more. As a result, the number of viewers and the volume of traffic passing through Sphynx increases.
Sphynx users can benefit from the LOOP Chain’s quick transactional speed, low fees, and up-and-coming projects launching on the Loop Network.
Below are the links to their Twitter, Telegram, and website to get more in-depth information on the chain and the team behind it. We could not be happier to be able to bring value to the Loop Network and investors of Sphynx!
Loop Network Twitter: https://twitter.com/loopnetwork3
Loop Network Telegram: https://t.me/loopnetwork