Loop: what it is Loopring is the cryptocurrency born in August 2017 and part of the decentralized exchange of the same name. LRC is an Erc20 smart contract like many other cryptocurrencies, such as Eos, Binance, Qtum, OmiseGo, Golem, Augur and Dragonchain, for which it is possible to purchase in all Ethereum compatible wallets.
The Loopring protocol facilitates the exchange of Erc20 tokens that are beneficial to both the buyer and the seller by minimizing commissions. It then connects all those decentralized apps that incorporate exchange functions. Loopring (LRC symbol) is currently in 59th place in the cryptocurrency ranking by market capitalization. To date 17 January 2018, the market capitalization reaches approximately 430 million dollars and the price is equal to 0.76 $ (source: coinmarketcap).