Question 1

Is the wallet Loom makes safe?

Accepted Answer

Your wallets are generated when you sign up and stored encrypted on our servers — never shown to anyone, never logged. You can withdraw everything, any time.

Question 2

Does Loom hold my money?

Accepted Answer

Only until you withdraw. Balances live in your generated Solana wallet and Hyperliquid account, and you can send everything out whenever you like.

Question 3

What can it watch?

Accepted Answer

Prices, funding, wallets, Hyperliquid traders, calendar events, Fear & Greed, token on-chain stats, weather and sports results — mixed in one sentence if you like.

Question 4

Can I copy other traders?

Accepted Answer

Yes. Pick a Hyperliquid trader and mirror their entries with your own size.

Question 5

What does it cost?

Accepted Answer

Writing strategies and paper trading are free. Network and exchange fees apply only when real orders execute.

Question 6

Is there a Loom token?

Accepted Answer

Not yet. When it launches, the contract address will be published here and on the Loom X account — nowhere else.

Question 7

Can I try it without real money?

Accepted Answer

Yes — every strategy can run on a $10,000 paper account at real prices, or as alerts only.

Question 8

Can it just alert me instead?

Accepted Answer

Yes. Any strategy can run in alert-only mode and ping you instead of trading.

Question 9

What if Loom goes down?

Accepted Answer

Your money never leaves your account. Open positions keep their on-exchange stops; you can always manage them directly.

Question 10

Is this financial advice?

Accepted Answer

No. Loom executes the rules you write. You are responsible for your own trades.