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Q&A:
14
Votes
Q:
Hello, the consensus mechanism of loom is dpos, then how many delegates does loom have? How to elect delegate?
A:
There will be 21 validators, and an unlimited numbers of delegators. For more info, check out this post: https://medium.com/loom-network/how-you-can-become-a-plasmachain-delegator-and-help-put-the-d-in-dpos-75177a4bac99
By khloeMorris. August 13, 2019
14
Votes
Q:
If we use Loom's dapp chains, can we save gas fees as well? Also is it paid every time a transaction occurs, or just when we deployed a smart contract?
A:
The dapp creator pays a monthly gas fee to run the dapp.
By alex. August 14, 2019
14
Votes
Q:
Using loom sidechain, can I deploy a contract using a modification of the erc721? I would like to add more features, (more than one mapping). Is that possible? Or should we use standardized templates?
A:
If you want to use the contract with the transfer gateway it needs to implement the standard interface functions. Other than that you can add whatever features you want.
By LoomNetwork. August 13, 2019
14
Votes
Q:
. I was just wondering what the MainnetContractHexAddress entry in the Dappchain/loom.yaml file was for. Is that the address of the gateway contract deployed on the mainnet?
A:
Probably our testnet and rinkeby https://loomx.io/developers/docs/en/extdev-transfer-gateway.html
By WilliamHarris. August 14, 2019
14
Votes
Q:
Which ETH address we suppose to add? You have mentioned exchange addresses not allowed to add.
A:
You have to add my Ether wallet address to receive the tokens.
By JaxsonWood. August 16, 2019
14
Votes
Q:
I am having difficulties trying to deploy a smart contract. Can anyone suggest me the easiest way to do it and to test it?
A:
Try asking in our dev group @loomnetworkdev
By alex. August 14, 2019
14
Votes
Q:
What are token metrics of the project, lock-up periods etc.?
A:
We didn’t hold an ICO, if you didn’t know already. Here’s our token info: https://medium.com/@jamesmartinduffy/loom-token-faqs-you-got-questions-we-got-answers-2d3c9185b4d0
By RupikaVaidya. August 13, 2019
13
Votes
Q:
Is it possible to apply as a validator for the Loom network with 10 wallets of 125k Loom each? If not, is there any smart contract I can use to proxy some vote?
A:
Delegators will be coming soon and you can proxy your stake to someone that runs a validator and share rewards.
By RupikaVaidya. August 13, 2019
13
Votes
Q:
There are different projects already on blockchain offering same use case as Geon. How can Geon be unique or stand out?
A:
Geomining is a totally unique concept, as far as we know no one has such functionality. This, combined with AR and advanced Geon customization gives us huge advantages over the competitors. And why we stand out? Here are a bunch of reasons: -Geon is a part of the most promising future technology trends (AR, mobile, blockchain) -Geon is versatile and has dozens of business and personal use cases -Geon has a solid business plan and monetization model -Geon's team includes specialists that are able to deliver a finished product (MVP product already developed) -Geon is the first project that can allow mainstream adoption of cryptocurrencies -Geon aim to be one of the first fully compliant ICO -Geon is supported by reliable institutions like Pegasus Fintech, Data Ventures, LBMA, Ramparts European Law, MLG Blockchain and others.
By CooperGray. August 16, 2019
13
Votes
Q:
What does PO8 stand for?
A:
Hi~ 👋 I am Tim Yang!! Po8 stands for " Piece of 8"; it was a silver coin worth eight Spanish release. Hope this helps!
By TimYang. August 12, 2019