Introducing Koinex Loop — a Peer-to-Peer trustful token transaction network

With an infinite power of transformation, technology allows us to build on top of what we have today into something better for tomorrow. From carts to cars, letters to e-mails and cash to e-wallets, traditional forms of businesses have evolved tremendously over the last few decades. This has also largely shaped how we communicate, interact and transact with each other, all with the help of technology. Drawing inspiration from the same fundamentals, we are set to launch Loop — a Peer-to-Peer network for digital assets transactions using fiat currency.

Loop offers a blockchain-based collateralised escrow, peer-network determined trustful reputation, efficient settlements with direct interactions between a buyer and a seller (without ever revealing private and sensitive information, including identity) and a technology-enabled dispute resolution mechanism. Users will find comfort in transacting with other KYC-verified peers on the platform, make and receive payments directly from peers and be able to strategise their trading activity better.

Everyone knows that digital assets hold immense value (both economically and technologically) but unfavourable regulations pose a threat to the investments made into digital assets. Loop is a whole-hearted effort to ensure that the legit and verified investments made by Indian investors’ don’t turn into dead assets and allow people to find true value. Absence of progressive regulations or presence of regressive regulations allow bad actors to infiltrate a legitimate industry. Loop also ensures that honest investors and traders don’t fall prey to such scammers or bad actors in an impulsive and imprudent attempt at safeguarding their investments.

Loop will be bundled directly into the Koinex web platform and the mobile app. All current users of the exchange will automatically be able to access the Peer-to-Peer transaction network and will be able to participate directly. Users will also be able to refer their friends, family and colleagues onto the network and help build India’s largest trustworthy Peer-to-Peer network for digital assets trading.