What is loon coin?

As an AI language model, I do not have full access to real-time information, but here is a brief overview of Loon Network Coin-

Loon Network coin, also known as LOON, is the native cryptocurrency of the Loon Network. The Loon Network is an innovative blockchain platform designed to enable fast and secure cross-chain transactions. The platform is built on top of the Cosmos SDK, which facilitates interoperability between different blockchain networks.

Loon Network aims to address one of the biggest challenges in the blockchain industry, which is the lack of interoperability. By providing a seamless bridge between different blockchain networks, Loon Network allows users to transfer value between different blockchains without having to rely on centralized exchanges.

The LOON coin is used to pay for transaction fees and network governance. It can be used to participate in the platform's consensus mechanism and to vote on proposals for future developments. The total supply of LOON tokens is capped at 1 billion.

Note: The information provided is for educational purposes only and should not be considered as financial advice. It is important to conduct your own research before investing in any cryptocurrency.