LRC

LRCLRC

Loopring
$0.024432
+0.40%
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  • Market Cap
    $22,363,404
  • 24h Vol (Global)
    ฿21 ($157,276)
  • Circulating Supply
    915,327,929
  • Issue Date
    2017-08-31
  • Issue Price
    $0.053000
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
1,395,076,055915,327,9292017-08-31$0.053000
POW1
etherscan.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
1,395,076,054Ethashhttps://github.com/loopringhttps://loopring.orgTOKEN

Loopring is an open protocol for scalable, non-custodial exchanges. Loopring 3.0 is our newest, fastest, and most forward-looking protocol. Loopring 3.0 can settle up to 1,400 trades per second while guaranteeing the same level of security as the underlying Ethereum blockchain. This is made possible by using a construction called zkRollup, and a feature called On-Chain Data Availability, or OCDA. If OCDA is disabled, Loopring throughput becomes as high as 10,500 trades per second, but security reduces to that of the consortium which maintains said data. The average settlement cost for each trade with Loopring 3.0 is as low as $0.002 USD, which covers the gas for Ethereum transactions and the cost of proof generation on cloud computing platforms. DEXes can further lower the settlement cost by using cheaper servers in the cloud and GPU-based algorithms. To put things in perspective, most brokers' stock trading fees in the US are in the range of $2 to $7 USD per trade.

Teams
    Daniel Wang

    Daniel Wang

    CEO

    Daniel Wang is the creator of Loopring Protocol, founder and chairman of Loopring Foundation. He used to work as a senior software engineer and tech-lead at Google Mountain View, a senior director of engineering at JD.com, and a senior director at Zhongan Insurance. He is also a cofounder of Hygene Inc. and a cofounder of Yunrang (Beijing) Information Technology Limited.

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    Matthew Finestone

    Matthew Finestone

    Director of Business Development

    Matthew studied at McGill University, he is also a CFA Charterholder. After working 6 years in traditional finance institutions. Matthew joined Loopring team and in charge of business development.

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    Johnston Chen

    Johnston Chen

    COO

    Johnston Chen is Loopring's COO-extraordinaire. Before joining Loopring, he was the Chief Information Officer for 3NOD, a digital tech company and a product expert in the finance industry. He brings a lot of experience to the table in these domains, which is crucial to Loopring’s success.

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    Jay Zhou

    Jay Zhou

    CMO

    Jay is a co-founder of Loopring and board of Looping Foundation. He has extensive skills across online payment & financial operation with a particular focus on risk management and innovative solution. Prior to Jay’s work in the cross-border payment at PayPal, he worked in a spectrum of different industry sectors including; Risk&Compliance at Ernst&Young and a member at Global Shapers Community. Mentor for class CS359B at Stanford University.

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VC

    FBG Capital

    FBG Capital is a digital asset management firm in blockchain-based capital market.

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    China Growth Capital

    China Growth Capital (CGC) is a leading early-stage venture capital firm in China with an extended interest in Silicon Valley. The firm funds seed to Series B in fintech, enterprise tech and Internet consumer sectors. The typical investment size ranges from $1M to 5M with a hard cap ceiling at $15M per company. Since its founding in 2006, China Growth Capital has grown to manage 8 Billion RMB (approximately 1.2 Billion USD) in asset under management across its different RMB and USD funds. The firm provides tremendous support to help its 229 portfolio companies (as of 2017) to develop business models and build exceptional teams. China Growth Capital is also one of the very few early-stage institutions in China with a well-known large seed program.

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    Obsidian Capital

    Obsidian Capital (Pty) Ltd is a privately owned asset manager based in Johannesburg. The company was established in 2007 and remains independently owned and managed. The founding partners have, for many years, subscribed to the same investment philosophy and it was this shared belief, and their unwillingness to dilute it, that inspired the launch of Obsidian Capital. The team of investment professionals at Obsidian Capital implement a well defined investment process with discipline, independence, and precision. The result is a suite of investment products that consistently reflect the investment philosophy on which the company was built.

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    Loopnest

    Loopnest Accelerator is designed to accelerate regulatory compliant fundraising and entrance into a rapidly evolving blockchain economy. The entrants can be equipped with all the resources and know-how to succeed in today’s digital economy.

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ICO
ICO Date
ICO Raised Date2018-07-31
ICO end date2017-08-15
ICO Supply Amount
ICO Token/Coin Supply60240000 LRC
Hardcap120000 USDT
Softcap50000 USDT
Supply Change
Total Supply Change Before ICO- LRC
Total Supply Change After ICO- LRC
ICO Amount
ICO price0.0002 ETH
Actual Fundraising120000 ETH
AcceptingETH
Introduction

Loopring is an open protocol for scalable, non-custodial exchanges. Loopring 3.0 is our newest, fastest, and most forward-looking protocol. Loopring 3.0 can settle up to 1,400 trades per second while guaranteeing the same level of security as the underlying Ethereum blockchain. This is made possible by using a construction called zkRollup, and a feature called On-Chain Data Availability, or OCDA. If OCDA is disabled, Loopring throughput becomes as high as 10,500 trades per second, but security reduces to that of the consortium which maintains said data. The average settlement cost for each trade with Loopring 3.0 is as low as $0.002 USD, which covers the gas for Ethereum transactions and the cost of proof generation on cloud computing platforms. DEXes can further lower the settlement cost by using cheaper servers in the cloud and GPU-based algorithms. To put things in perspective, most brokers' stock trading fees in the US are in the range of $2 to $7 USD per trade.

Social Media
News
Loopring Bi-Weekly Update — 04/27/2019
2019-04-28
Loopring (LRC Token) Gains Fiat To Crypto Exchange Pairs On Changelly’s Instant Crypto Exchange
2019-03-20
Loopring Deployed Protocol 3.0 on Ethereum
2019-12-04
We Take ‘The Ultimate Non-Custodial Test’
2019-12-04
Loopring Bi-Weekly Update — 12/01/2019
2019-12-01
DEXes Rising: Next Chapter, High Performance Orderbook Exchanges on Ethereum
2019-11-29
LRC is listed on VCC Exchange, Powered by Bittrex in Vietnam
2019-11-23
LRC listed on Pionex, an exchange designed for the trading bot
2019-11-22
SECBIT Delivers a Security Audit Report for Loopring Protocol 3.0
2019-11-20
Loopring Bi-Weekly Update — 11/17/2019
2019-11-17
Brecht Devos Becomes Loopring’s Chief Architect
2019-11-15
Loopring Starts zkSNARK Trusted Setup Multi-Party Computation Ceremony
2019-11-12
Loopring Bi-Weekly Update — 11/03/2019
2019-11-03
Dolomite DEX to Launch Margin Trading with Stop-Loss Orders
2019-11-03
An Important Update on LRC’s Long-Term Incentive Program
2019-11-01
As leading US exchanges bow out due to regulatory pressure, DEXs step into the breach
2019-10-30
Loopring Open Sources its zkSNARK Circuit Code
2019-10-29
Loopring’s Founder Interview on China National TV Recap
2019-10-29
Loopring Grants 10 Million LRC to WeDEX
2019-10-27
Loopring AMA Recap with Cryptoverse
2019-10-25
Loopring Bi-Weekly Update — 10/20/2019
2019-10-20
Loopring Osaka DevCon 5 Recap
2019-10-13
Loopring Bi-Weekly Update — 09/29/2019
2019-09-29
Learning Cryptography, Part 4: Complexity Theory
2019-09-26
Loopring Bi-Weekly Update — 09/15/2019
2019-09-15
Loopring x Xangle | Growing Loopring Recognition With Traditional Financial Institutions
2019-09-03
Loopring Bi-Weekly Update — 09/01/2019
2019-09-01
Loopring Bi-Weekly Update — 08/18/2019
2019-08-18
Release of Loopring 3.0-beta3 and Start of Security Audit
2019-08-16
Learning Cryptography, Part 3: Elliptic Curves
2019-08-15
Loopring Bi-Weekly Update — 08/04/2019
2019-08-05
LRC Utility in Loopring 3.0
2019-07-31
Learning Cryptography: Diffie-Hellman Key Exchange, Discrete Log Problem & Cyclic Groups
2019-07-28
Hoss Ma Joins Loopring as Chief Scientist
2019-07-24
Loopring Bi-Weekly Update — 07/21/2019
2019-07-21
Loopring’s Stake in the dxDAO
2019-07-17
Loopring 3.0 1-Million LRC Bug Bounty
2019-07-13
Loopring Bi-Weekly Update — 07/07/2019
2019-07-07
Steve Guo joins Loopring as CTO
2019-07-03
Loopring 3.0 Overview: From A to zkSNARKs
2019-06-25
2019-06-24
Loopring Bi-Weekly Update — 06/23/2019
2019-06-23
Grand Theft Crypto: The State of Cryptocurrency-Stealing Malware and Other Nasty Techniques
2019-06-23
Learning Cryptography: Finite Fields
2019-06-18
Bitcoin and Altcoins Remain Supported for More Gains
2019-06-17
Crypto Company Offers Decentralized Trading and Analytical Engine That Ranks Crypto
2019-06-10
Loopring Bi-Weekly Update — 06/09/2019
2019-06-09
How to Use LRC to Gain Reputation In dxDAO
2019-06-06
A Beginner’s Guide to Loopring: My Experience as an Intern
2019-06-04
TokenMarket to Advance its Security Exchanges via Loopring Partnership
2019-06-01