Learn about Loopring & earn $1.50 LRC - Coinbase Earn

By wantumeni | wantumeni | 2 Nov 2021

Coinbase Loopring ($LRC) Earn campaign is live since October 30th.

What is Loopring?

Loopring is an Ethereum token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs.

Before taking the quiz, make sure to learn about Loopring through Coinbase short videos. Even though I provide the answers, the whole point is to learn something new.

How to take the quiz?

You first have to sign up to Coinbase and go through the required KYC, make sure to have your ID card or passport next to you. In some cases the verification process can take a few days so be patient.

Once you're all set and that you have been verified, you can now take the quiz to which you will find the answers below:

What is Loopring?
An Ethereum scaling protocol
What is NOT a benefit of using Loopring?
Requires a traditional bank account
What is LRC?
Loopring's governance token

If you successfully complete the quiz, you should receive the $1.50 LRC tokens as a reward.

Thanks for reading.