Just a note: if you go to http://openloopz.com (no "www") it displays "Heroku | No such app". I'm guessing you mean to redirect to the "www" subdomain.
References: https://devcenter.heroku.com/articles/apex-domains.
So, DNS A records point to IP addresses. In the specific case of Heroku (and maybe other PAAS providers), tying your site to an IP address makes them less fault tolerant as they can't do things like shift your app between availability zones if one blows up or something.
Given that it's fairly easy to put a www. (or whatever) redirect on whatever IP your basename does point at, your users don't have to worry about remembering to use it.