LoomDesk

What is LoomDesk?

LoomDesk is four things on Robinhood Chain: a set of tokenized stock pools of its own, one for every stock on the chain, priced by a hook we wrote; a token called LOOM whose trading fee is turned into liquidity in those pools; Earn, which opens the same kind of position for anyone, in their own wallet; and a marketplace for the stocks themselves. Every trade of LOOM pays 4%. Of that, 3% becomes liquidity in our pools, owned by the protocol, and 0.7% pays for operations. The pools charge a fee on every swap, a tenth of which goes to the book whoever provided the liquidity. Every day, 80% of what the book earns is paid to LOOM holders in USDG. The other 20% is reinvested, so the book grows.

How to Buy LoomDesk in India

The easiest way to buy LoomDesk (LOOM) in India is through an FIU-registered Indian exchange. Here's how:

1. Create an exchange account: pick an exchange that appears on the FIU-IND register and complete KYC verification (Aadhaar and PAN).
2. Deposit INR: add funds by UPI, IMPS or bank transfer.
3. Search for LOOM: use the search bar to find LoomDesk, then tap it to open the trading pair.
4. Place your order: enter the amount in INR you want to invest. Use a market order to buy now, or a limit order to set your price.
5. Secure your holdings: your LOOM sits in your exchange wallet. For large amounts, consider moving it to a hardware wallet.

Tax on LoomDesk in India

Losses from LoomDesk trading cannot be set off against gains from other cryptocurrencies or any other income. Each transaction is taxed independently.

For a complete breakdown of crypto taxation in India, including ITR filing steps and airdrop rules, read our Crypto Tax India 2026 Guide.

Related Crypto Terms

Explore More Tools

Use our free trading tools to analyze LoomDesk and other cryptocurrencies.