- Basechain was formerly known as PlasmaChain. Read the official announcement.
Recently — we rolled out support for mobile wallets along with Cobo Wallet being the first mobile wallet to be supported on our staking dashboard.
And just in case you weren’t aware…
As of this writing — over 159 million LOOM have been staked by the community, which represents over 20% of the circulating supply — and that’s JUST with desktop support.
👉 From inside the imToken app:
- Choose Browser from the menu bar.
- Type https://wallet.loomx.io into the search field.
- Deposit LOOM tokens.
imToken is another well known mobile wallet in the industry — plus, it supports most major cryptocurrencies and allows you to have complete control over your private keys, which are stored in your device 🔐
…and since imToken now supports native LOOM staking…
You can now deposit and delegate LOOM tokens to your favorite validator directly from your imToken mobile app.
Which means… you’ll now be able to delegate your tokens on Basechain quicker than you could blink 😉
…imagine what will happen when we integrate with even more mobile wallets in the future!
If you are curious about the benefits of staking your LOOM tokens — please take a look at the economics of staking first.
Then, my recommendation would be to learn how to stake your LOOM tokens.
And if you have any ideas on which mobile wallet we should integrate with next — let me know in the comments below! 😉
Loom Network is the production-ready, multichain interoperable platform for serious dapp developers — providing developers the tools they need to scale high-performance user-facing dapps today.
New to Loom? Start here.
Want to stake your LOOM tokens and help secure Loom Network? Find out how.
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