Overview:
MEXC Exchange has officially announced that the decentralized data network, Powerloom (POWER), will be listed in its Innovation Zone on January 10, 2025. This marks a significant milestone for Powerloom as it seeks to offer reliable and verifiable on-chain data for the Web3 ecosystem.
Powerloom Listing Date and Trading Details
- Deposit Opened: Already available
- Trading Starts: January 10, 2025, at 09:00 UTC for the POWER/USDT pair
- Withdrawals Start: January 11, 2025, at 09:00 UTC
Role of Powerloom’s Token and Tokenomics
The native token, $POWER, is central to the Powerloom network. It is designed to power network activities, reward contributors, and help with data processing.
- Total Supply: 1 billion $POWER tokens
The token plays a crucial role in making the decentralized, composable data network actionable for developers and users by providing access to accurate, consensus-backed data.
Benefits to Developers and Users
For Developers
- Powerloom provides a flexible and composable architecture that developers can use to build complex tools such as dashboards, bots, and aggregators with high data integrity.
- Modular integration is supported, allowing it to be adapted to existing applications and pipelines.
For Users
- Web3 applications that require reliable, real-time blockchain data can now access precise, verifiable datasets through Powerloom’s consensus-backed framework.
- The snapshotter network captures real-time blockchain data, offering live insights and time-series queries, essential for analytics and trend monitoring.
What Is Powerloom Protocol?
Powerloom is a decentralized data network designed to provide reliable and transparent data for Web3 users and applications. The protocol is flexible and adaptive, allowing developers to create solutions for specific use cases.
By offering decentralized data and using a consensus-backed architecture, Powerloom guarantees developers and users have access to the most accurate and trustworthy data for their applications.
The Importance of the Powerloom Listing
Listing on MEXC places Powerloom in a stronger position to find increased adoption in the rapidly growing Web3 space. This means it will reach a larger audience and become more accessible to developers, who can leverage reliable information in creating better decentralized applications.
The Powerloom listing reinforces the ever-increasing demand for decentralized, flexible, and transparent data solutions within the blockchain.
Other Notable Listings
- Bio Protocol, a curation and liquidity protocol for Decentralized Science (DeSci), was also listed on MEXC on January 3, 2025. This further underlines MEXC’s focus on innovative, blockchain-based projects.
As the listing date for Powerloom draws near, it marks an important milestone for the protocol and positions it as a pivotal player in the decentralized data space. Web3 developers and data-driven users should keep an eye out for upcoming opportunities to leverage this powerful tool.
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