$QUAN has had finally a few days of cooling off after a red hot start to the year moving to test the long-term resistance that is so often found near the .15 range. This upwards movement was started with the news that on the next court date we will likely see halve the outstanding shares along with a pr last week detailing the new company direction with Lootup app coming in.
So now that we understand where we are at lets evaluate the information that we now have on hand to see what kind of action we can see in the future with LootUp. The first stop is the website https://lootup.app
So now that we understand where we are at let us evaluate the information that we now have on hand.
-As we review the site first thing we see is that this app is a peer to peer decentralized payment platform
-The next thing we can see is that the app is built on the LGCY Blockchain of which is a common thread for the two as Justin Wai’au and Wes Wade Founded the LGCY network and LootUp
-Lastly, we see that it is backed by a stable coin a of USDL and that the app has been a work in progress for the last 2 years but now is primed to launch bot its OTC public component and app
So why launch LootUp now?
Seems like the advent of Lootup launching is mainly due to the Maturation of the LGCY blockchain as the project has recently started to launch its first projects of which LootUp one would assume would be among the first given the shared founder teams.
So what is LGCY and how does it use stablecoins to accomplish transactions? Let us look at the website to find out.
So all in with the share cancelation and the presumptive PR detailing the launch of Lootup and more details coming from the company I feel solid in my position now as we head into next week with the share cancelation Hearing Monday