This Monero (XMR) Fork surged by 141% in 40 mins – Why? – Product Release & Updates – Altcoin BuzzNovember 12, 2020
Loki, the ambitious Monero fork is a privacy network and provides a suite of tools to support anonymous browsing, transacting, and communicating online. Recently, Loki Network forayed into the hot DeFi space with Chainflip. After a lot of excitement around Chainflip, the last month has been unusually quiet for Loki. According to the official blog, the team was busy intensely planning the next big step for Loki. On 10 November 2020, the team finally announced that Loki is evolving into something that will be used by the whole world every day. That’s a big claim to make!
In light of the dense set of announcements, Loki Network’s native token LOKI has pumped by 68.7% in the last 24 hours. In the last 3 years, Loki, the Monero fork has developed a rich technology stack. However, the project is hard to understand for developers. For many newcomers, the project comes across as a platform with seemingly unconnected products and features. Precisely, the way Loki is projected into space limits its growth potential. Addressing these issues Loki is now being renamed and rebranded.
Loki is evolving into something bigger. Something better.
Something designed for the whole world to use every single day.
— LOKI (@Loki_Project) November 10, 2020
Oxen is the new Loki
Loki Network has proved its potential by powering applications like Session and Lokinet and the team does not plan to stop there. With Oxen, it plans to open the potential