LRC

LRC

LRC
Loopring
$0.063392
-1.36%
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
1,395,076,055828,954,2402017-08-31$0.053000
POW1
etherscan.io
2
trivial.co
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
1,395,076,054Ethashhttps://github.com/loopringhttps://loopring.orgTOKEN

Loopring is an open, multilateral token exchange protocol, for decentralized exchange on the Ethereum blockchain. Loopring is intended to serve as a common building block with open standards, driving interoperability among decentralized applications (DAPPs) that incorporate exchange functionality. Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use, and that any dApp can hook into.

  • The Latest Rating
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Coin Bureau
2.5

Loopring (LRC): The Next Decentralised Exchange Protocol

2018-10-02
Loopring is developing a decentralised exchange (DEX) protocol which will allow users to exchange assets across a whole host of different exchanges / nodes. Unlike many other decentralised exchanges, Loopring will make users and other centralised exchanges all part of the Loopring network. Loopring makes use of some pretty advanced technology including ring miners, order rings and order sharing. Loopring hopes that the protocol will allow users to transact across ERC20 chains much more quickly and securely than is done on centralised exchanges. Loopring was built on top of the Ethereum blockchain and makes use of smart contracts and atomic swaps between addresses. Loopring was launched in China by a team that has experience in online exchanges, consulting and financial services. They completed an ICO in August of 2017 and were able to raise a total of $45m in exchange for the LRC tokens. LRC is an ERC20 standard token and can be stored on any compatible wallet. Loopring is not without competition as they have a DEX protocol that is similar to that of 0X (ZRX). The main difference between these DEX protocols is that Loopring allows anyone to run a node on the exchange network whereas 0x gets its liquidity from centralised exchanges. In terms of the LRC tokens themselves, they were listed on a number of exchanges not long after the ICO in 2017. They followed the rest of the market in the bull run at the end of 2017 and the subsequent bear market that followed. Price volatility for LRC tokens is less pronounced than other tokens with similar market caps. Although the bulk of the volume is in Korean won, there is healthy liquidity for LRC across a range of over 10 different exchanges.
null
Coin Bureau
2.5

Loopring (LRC): The Next Decentralised Exchange Protocol

2018-10-02
Loopring is developing a decentralised exchange (DEX) protocol which will allow users to exchange assets across a whole host of different exchanges / nodes. Unlike many other decentralised exchanges, Loopring will make users and other centralised exchanges all part of the Loopring network. Loopring makes use of some pretty advanced technology including ring miners, order rings and order sharing. Loopring hopes that the protocol will allow users to transact across ERC20 chains much more quickly and securely than is done on centralised exchanges. Loopring was built on top of the Ethereum blockchain and makes use of smart contracts and atomic swaps between addresses. Loopring was launched in China by a team that has experience in online exchanges, consulting and financial services. They completed an ICO in August of 2017 and were able to raise a total of $45m in exchange for the LRC tokens. LRC is an ERC20 standard token and can be stored on any compatible wallet. Loopring is not without competition as they have a DEX protocol that is similar to that of 0X (ZRX). The main difference between these DEX protocols is that Loopring allows anyone to run a node on the exchange network whereas 0x gets its liquidity from centralised exchanges. In terms of the LRC tokens themselves, they were listed on a number of exchanges not long after the ICO in 2017. They followed the rest of the market in the bull run at the end of 2017 and the subsequent bear market that followed. Price volatility for LRC tokens is less pronounced than other tokens with similar market caps. Although the bulk of the volume is in Korean won, there is healthy liquidity for LRC across a range of over 10 different exchanges.
null
TokenInsight
2.5

Loopring | Rating: B | Outlook: Stable | Risk: Medium

2018-09-01
Loopring aims to build a new blockchain asset trading ecosystem. It provides a protocol to improve liquidity by ring-mining. The web wallet and web DEX have both been launched, but the volume of transactions at this moment is very low. Meanwhile, the distribution and allocation of its token has not yet been disclosed.