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Loopring (LRC), which conducted its ICO in August 2017, is a token whose purpose is to support the Loopring decentralized exchange protocol. With the tagline “the new crypto trading standard”, Loopring is attempting to do what all decentralized exchanges are focused on: giving users total control of their assets, with an additional focus on improving liquidity and tremendously lowering fees.
Decentralized exchanges (DEX) are a major trend in the market currently, with multiple exchanges either researching or launching decentralized versions of their respective exchanges. With the number of hacks that have occurred since the bull run of 2017, several projects have expedited their research into decentralized exchanges.
The true distinction of Loopring’s protocol, however, is that anyone can build a DEX using its open source protocol. Such a development, where DEXs are built on the Loopring protocol, would mean a shared network that greatly increases liquidity. The protocol is also blockchain agnostic, which means it can be deployed on any blockchain so long as it possesses smart contract capability.
The Loopring team has stated that their two major focuses of 2019 will be innovation and focus, with the former implying advancements in the blockchain tech, such as new research that may optimize the Loopring protocol. Focus refers to the development and improvement of current goals, features and strategic projects.
Currently, the team is working on version 3 of Loopring, which would bring about such changes as orders being matched off-chain but settled on-chain. Additionally, they are exploring new trading models and deploying Loopring 2.0 to the Loopring Chain, an application specific sidechain used exclusively for Loopring protocol orders.
Loopring also has two tokens on other chains; the first one being LRC (Ethereum), but also LRN (NEO), and LRQ (Qtum). You can enable trades on each of them without the need to lock down your cryptocurrency balances.
In this tag, read Loopring (LRC) news, price predictions, opinions and analyses created by users.
4 Aug 2020 2 minute read 1 comment MadMaxx
Hello and welcome to another post. In today's article, I'll be giving you my complete list of cryptocurrencies that I'm super bullish on. These coins have a tendency to do really big moves from their local supports, and I promise that you won't expec...
3 Aug 2020 1 minute read 1 comment ScreenTag
Gone are the days that you could request payout even for 50 measly cents of earnings. Today was the last day you could do so. Starting with the next batch or withdrawal requests, you have to wait until you accumulate at least $1 in each token/currenc...
26 Jul 2020 1 minute read 4 comments MadMaxx
Hello, and welcome to another article. In this article, I'll be going over my "review" of BAT, BNB and LRC to see why I feel they can pump to the skies and beyond. As BTC and ETH have just broken the bear market jinx, and destroyed their monthly resi...
22 Jul 2020 2 minute read 0 comments MadMaxx
Hello, and welcome to another post. In this article, I want to share with you why the cryptocurrencies I mentioned above are my "key" to alt season. Yes, I have been trading other cryptocurrencies and amassing satoshis during this whole euphoric peri...
21 Jul 2020 2 minute read 6 comments MadMaxx
Ever since I bought BAND at $0.5 and sold at $4, I've been very inclined towards longer term investments. I made more money on my BAND trade than on any other trade I've ever made before, and I did that just by holding for a couple of weeks. It is f...
20 Jul 2020 1 minute read 1 comment MadMaxx
Hello, and welcome to another article. Before we get started, how would you like some free money? If the answer is yes, then Solana is partnering with Bitmax for their launch on the exchange, and they're giving away between 20 and 100 SOL tokens to e...
20 Jul 2020 1 minute read 0 comments Ronnie10
Hey everyone, Hope you're doing well. Before we go into numbers. I would just say that this post is just there for fun. So, What's Up With The Highest Tipped Post? I am just saying that if you put "more" effort into writing and making a quality pos...
18 Jul 2020 3 minute read 1 comment MadMaxx
Hello and welcome to another article. Before we get started, I'd like you to know that I have a complete and very detailed technical analysis course which I recently completed, as well as a telegram group where I share very accurate calls and give ac...
17 Jul 2020 4 minute read 15 comments Aave
The Aave team has been hard at work to provide new features and assets in the protocol for the Aave Fam! As always, synergies within the ecosystem and brand new functionalities are on the menu this week. We’re happy to introduce new risk parameter...
17 Jul 2020 1 minute read 12 comments tomoyan
I started staking Loopring (LRC) token back in April. 90 days later, I finally unlocked my first staking reward. There was no website or pretty UI to stake LRC before.The staking process wasn't hard but it took me sometime to read documents and learn...
