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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.
25 Apr 2020 1 minute read 15 comments Creepto
Over the last couple of days, Publish0x has been flooded with articles explaining how to trade LRC on Loopring.io, extolling its virtues, and promising you $5 if you trade there. I understand Publish0x signed some kind of deal with them. That's why w...
24 Apr 2020 2 minute read 3 comments Dave Sawyer
Cypherpunks, we love y'all. Gentlemen, start your engines. Igor kicked off a contest giving us five bucks if we could be the first few to run a trade through DEX Loopring.io!!! Can we do that? Sure, easy ! I have a metamask wallet. That's one tha...
24 Apr 2020 3 minute read 0 comments Dzoelx
Ethereum blockchain has birthed smart contracts/DApps with impressive tokenomics. Each introducing flexible functionalities and solutions to blockchain and real world problems. Ethereum smart contracts have unarguably dominated the cryptosphere a...
24 Apr 2020 1 minute read 2 comments PierreK
As it is with trading it was no surprise to see my LRC drop immediately after buying it. It was in line with my trading strategy. You see, trading on any market is extremely simple. There is only only rule that applies. As soon as Pierre buys somethi...
24 Apr 2020 20 minute read 28 comments CryptoChartWizard91
Hello, traders! Today I would like to present to you 5 cryptocurrency projects that are priced underneath $0.1 with HUGE potential ahead of themselves. When people see a coin priced at $0.1 they tend to see dollar signs in their eyes as they believe...
24 Apr 2020 4 minute read 2 comments cryptokib
I've always wanted to give trading on an exchange a shot. Encouraged by this publish0x contest and following the instructions in this article, I am now proud to say that I made my first trade... and it was awesome! Here's how it went down. For this...
24 Apr 2020 6 minute read 3 comments CryptoOwen
Many of you don't fully trust centralized exchanges for whatever reason. Maybe you don't like giving them your personal information, as many require KYC (Know Your Customer) or basically "Hey please send us all your information like your ID, your pic...
24 Apr 2020 1 minute read 1 comment giada
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 Dragon...
24 Apr 2020 5 minute read 11 comments SkinnerCrypto
Looks like I have another golden opportunity to throw my hat in the ring for another chance at the COVETED PRIZES that our Lord-Emperors at Publish0x have decided (in their infinite wisdom, Peace Be Upon Them) to bless us with. Being a perpetual suck...
24 Apr 2020 1 minute read 0 comments Laurens van den Berg
Loopring is a decentralized exchange protocol and a “automatized carry-out system” that is built on Ethereum, with which users can trade with their assets on several exchanges. Right now, it is one of the ways Publish0x can earn you money, since you...
