What is Loopring?

Loopring is a protocol that allows easy deployment of a decentralized exchange running on the ETH chain. Trading is based on smart-contracts and it can integrate coins from any blockchain.

It's goal is offering a low-cost, trustless and secure way to trade cryptocurrency for both exchange owners and end-users. It has recently been added as a tip currency in Publish0x, possibly as a marketing move.

Should I hold LRC?

Developers behind Loopring launched loopring.io at the end of February, 2020. It is a DEX built by the devs using the Loopring protocol. Although it serves as an example of what the coin has to offer, trading is fully functional.

It is easy to get started with LRC because loopring.io supports MetaMask and WalletConnect. Absolutely no KYC is necessary. Getting started is quick and painless, so holding now should pay off in no time If the website becomes more popular.

People who stake LRC, the protocol's coin, earn a share of 0.06% of every transaction on that website based on how much they are holding. It has been announced that it is actively being developed and there is an ongoing marketing campaign. Not to mention VIP benefits for those who trade and/or stake high amounts.