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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.
31 Oct 2021 1 minute read 10 comments cryotosensei
I have always known that Coinbase has a Learn and Earn program that dishes out free cryptocurrencies if you watch some videos on a new crypto and answer pertinent questions on it. But inertia possessed me and I just haven't gotten around to submittin...
29 Oct 2021 1 minute read 8 comments Seven-NATE-Nine
Hey everyone! Coinbase Earn is offering $1.50 for Loopring (LRC)! Below I’ve listed the questions and answers to the LRC quiz so you won’t have to worry about a thing! 1. What is Loopring? Answer: An Ethereum scaling protocol 2. What is NOT a...
20 Aug 2021 1 minute read 0 comments Immanuel Somto
OpenOcean is an astute aggregator protocol that offers traders the necessary data to make rational decisions in their investment actions. It is sought after because it aggregates the prices, slippage levels and other data from different centralized a...
5 May 2021 1 minute read 0 comments Mandrakata
Technical Analysis https://www.tradingview.com/x/QKwOBhko/ Since last TA update prices tested $0.60 resistance without breaking it, on first run. As always moves were anticpated by RSI indicator loss of momentum.We are now between $ 0.50 support and...
1 May 2021 1 minute read 2 comments Mandrakata
Technical Analysis https://www.tradingview.com/x/eToPZh1T/ Following my previous setup, we see prices that had breakout from accumulation zone in an uptrend.With last Close above short MA we could set a new target for $0.60 and later for $0.71 (both...
26 Apr 2021 1 minute read 0 comments Mandrakata
Loopring coin is an ERC20 token running on the Ethereum blockchain. LRC is the governance token for Loopring, a Decentralized Exchange (DEX) protocol with a special type of scaling solution built on Ethereum Layer-2 protocol.$LRC has a circulating s...
20 Apr 2021 1 minute read 0 comments moon333
Hi dear friends, hope you are well and welcome to the new update on Loopring token.On a 2-day time frame chart, the price action of LRC has formed a bullish Cypher pattern. https://www.tradingview.com/chart/LRCUSDT/u272tZy2-Loopring-LRC-formed-bulli...
2 Apr 2021 6 minute read 4 comments BitcoinGordon
This is not a paid gig, nor is it a referral 'thing'. Not that there's anything wrong with that :-) Gordon likes the inspiration behind DEX, but also recognizes there are benefits from CEX, at least in the short term. No clue what I'm talking about?...
1 Apr 2021 1 minute read 0 comments ac2l
If you have not heard about the project, Loopring is an Ethereum Layer-2 scaling protocol. It is trying to build low-cost, non-custodial AMMs & orderbook exchanges. To incentivise the liquidity providers, they have Liquidity mining rounds that lasts...
29 Mar 2021 12 minute read 3 comments Abhimanyu Krishnan
Over the course of the past few weeks, we've been interviewing teams from some of the most exciting projects in the DeFi space. Our latest conversation saw us speak to Matthew Finestone, Head of Business at Loopring. We spoke to him about the team's...
