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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.
7 Jul 2020 3 minute read 5 comments Ed-california
Hello again everyone. It’s been a long time since I’ve posted but well, we’re all having a tough time with the lockdowns and the consequences of the pandemic. COVID-19 doesn’t seem to be affecting the cryptocurrency market though - a lot of action h...
7 Jul 2020 2 minute read 0 comments MadMaxx
I wanted to update you guys yesterday on the happenings in the crypto market, but I was too busy monitoring my trades.(Ps: You can find my trades and all my profitable calls here!) I entered a couple of trades yesterday, including: DOGE ,AVA, FTM and...
6 Jul 2020 1 minute read 4 comments MadMaxx
Many people have different ways of withdrawing their earnings from Publish0x. Some people decide to use Coinbase for DAI and BAT, and LRC stays away. Others use some other wallets to collect BAT, but have the DAI sent to their Coinbase and the LRC ha...
30 Jun 2020 1 minute read 4 comments Phil Skinner
There are lots of options in the crypto market to earn interest on your HODL-ing if you aren't keen to take on the wild journey of trading. Crypto.com has options to earn 3-6% on a wide range of tokens, up to 12% APR on stablecoins, and up to 18% on...
26 Jun 2020 1 minute read 7 comments yanis
Loopring is the coin of loopring DEX. You already know a bit because it is used on publish0x, but it is also used for liquidity... so we can lend them our LRC and receive a percentage of fees generated by DEX (with all these tips, you would have a bi...
26 Jun 2020 2 minute read 8 comments Nek1dd
For this post, we are looking at the best cryptocurrency exchange to trade and buy Loopring (LRC) tokens. As the DeFi hype continues, Loopring is undoubtedly setting the stage for something serious, and as publishers at Publish0x, we already love it...
25 Jun 2020 1 minute read 0 comments MadMaxx
Do you crave profitable altcoin setups, sound trading education and generally want to make money from this here crypto market? Then join my telegram group, and get all these things for free! There's a factor known Bitcoin dominance, which is a record...
23 Jun 2020 2 minute read 1 comment Tonythomas
The Loopring protocol allows users to stake LRC on the protocol to earn a per cent of the total fees paid on the exchange. I came across the Loopring protocol as it was added as a tipping coin on the Publish0x platform. So if you have a couple of...
23 Jun 2020 2 minute read 3 comments MadMaxx
I have a telegram group where I caught the mind blowing moves on IRIS, DGB and BTC yesterday. The account I use for that group is currently up about 43% between yesterday and today. I have a list of coins that are definitely going to explode today, a...
21 Jun 2020 1 minute read 2 comments MadMaxx
Learn how to trade cryptocurrencies, get live altcoin calls and talk one on one with a professional trader to build your trading plan for free. Do it here! Hello, and welcome to another post. In this post, we'll be looking at two of the more popular...
