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Loon

Loon is a fintech company dedicated to creating a regulated and transparent Canadian dollar stablecoin.

What is Loon?

Loon LLC was a subsidiary of Alphabet Inc., established in 2011, aimed at providing Internet access to remote and rural areas through high-altitude balloons in the stratosphere. The project sought to create an aerial wireless network to deliver Internet services to underserved regions.

How Does Loon Work?

Loon's technology involved deploying helium-filled balloons into the stratosphere, each equipped with solar-powered communication equipment. These balloons formed a network, relaying Internet signals from ground stations to users in remote areas, effectively acting as floating cell towers.

What Makes Loon Unique?

Loon's innovative approach utilized stratospheric balloons to deliver Internet connectivity, enabling rapid deployment in areas lacking infrastructure. This method was particularly beneficial during natural disasters, providing emergency connectivity when traditional networks were compromised.

Who Are the Founders of Loon?

Key figures in the Loon project included Rich DeVaul, chief technical architect and expert on wearable technology; Mike Cassidy, a project leader; and Cyrus Behroozi, a networking and telecommunication lead.

Latest News

What Key Events Have There Been for Loon?

Significant milestones for Loon included its official announcement in 2013, partnerships with various countries for pilot projects, and its spin-off into an independent subsidiary in 2018. However, in January 2021, Alphabet announced the shutdown of Loon due to challenges in achieving commercial viability.

Project Announcements

In January 2021, Alphabet announced the closure of Loon, citing difficulties in achieving commercial viability despite technical successes. The company pledged $10 million to support connectivity, Internet, entrepreneurship, and education in Kenya.

Upcoming Events

No data

Projects Announcements

Where to Buy Loon?

As of November 2025, Loon LLC has been discontinued, and its services are no longer available. Therefore, there are no platforms where Loon services can be purchased.

Loon Price

Daily Trading Volume

All-Time High

All-Time Low

Market Cap and Valuation

Market Cap

Fully Diluted Valuation

Loon Price Prediction

Given that Loon LLC ceased operations in 2021, there are no current price predictions or market analyses available for the project.

FAQ

What is the Purpose of Loon?

How Can I Participate in Loon's Ecosystem?

What Sets Loon Apart from Competitors?

Is Loon Secure?

What are the Risks Associated with Loon?

Community Sentiment

31.70K Votes

50% 50%

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.