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Q&A:
12
Votes
Q:
I want understand the mechanism of transfer gateway, so where these go smart contracts can be found? Are these plugins (gateway, addressmapper) built in? What should I do if I want run a Daap node?
A:
If you use plasma chain you don’t need to run a dapp node: https://loomx.io/developers/docs/en/join-testnet.html
By XavierL. August 13, 2019
12
Votes
Q:
How tokens have been distributed?
A:
https://github.com/loomnetwork/
By WilliamHarris. August 14, 2019
12
Votes
Q:
What is the purpose of using a modifier in a function that has some "require" in the modifier.. versus simply just putting that "require" at the top of the function anyway without any modifier?
A:
It makes the codes look a lot more neat when you need to reuse the same modifier over and over again
By NatalieAnn. August 14, 2019
12
Votes
Q:
When is presale/ public sale?
A:
Whitelisting for presale is currently ongoing and the public sale starts 31 January. Please visit https://geon.network/tokensale/ for more information.(
By RubyBell. August 16, 2019
12
Votes
Q:
Why the name Geon?
A:
The "Geon" name can be associated with Geolocation and Geography but it actually came from quantum physics. Geon is a gravitational wave that exists thanks to gravitational attraction - just like our Geon attracts people to certain places.
By LydiaGriffin. August 16, 2019
12
Votes
Q:
Is there an update on number of loom tokens required to stake in plasma?
A:
Must stake 1,250,000 LOOM tokens. You can also work with Delegators. Each node needs that many tokens but others can delegate their tokens to you.
By alex. August 14, 2019
12
Votes
Q:
What is a minimum investment for presale & is it open to small individual investors?
A:
Minimum private round investment is US$10,000.
By Bella Perry. August 16, 2019
12
Votes
Q:
I’m still trying to understand the importance of having a Loom coin. Does it increase in value? Does it have a deflationary component?
A:
https://medium.com/@jamesmartinduffy/loom-token-faqs-you-got-questions-we-got-answers-2d3c9185b4d0
By RupikaVaidya. August 14, 2019
12
Votes
Q:
Advantage of using your existing chains is they get to tap into what you’ve already built like the marketplace? For companies who make their own chain, what benefit do they get? SDK let’s them create faster ?
A:
Developers can issue their own tokens on ethereum / PlasmaChain, there's no need to build their own sidechain to do that.Benefits of building their own chain are they can choose the consensus model, how many validators there are and how they're chosen, and if / how those validators are rewarded. Basically they have full control over the chain and it's fully centralized until they choose to open it up, so they can set all the rules. This may make sense for very very large applications that need their own dedicated DAppChain. Advantages to using the shared chain are you just focus on building your app and don't worry about infrastructure, it's built up of a decentralized set of validators so you don't have to secure your own chain against attacks, you get to take advantage of the existing user base and services on the chain like the marketplace, users are more likely to trust your dapp (they don't need to verify and trust your new chain), etc. We have @loomnetworkdev and @loomsdk chats which are more technical if you need some help figuring out the architecture.
By LukeHall. August 13, 2019
12
Votes
Q:
Is the Loom dev channel only for conversation about how to develop for loom network, or devs are open to others discussion like EIPs/Way of doing/coding things (like Gateways contracts, Proxy contracts ...)?
A:
The dev room is for Ethereum related dev. We also have an SDK room for loom sdk: @loomsdk
By NatalieAnn. August 14, 2019