Verified OGs:
9
CryptoFam:
211
Projects:
25862
BTC:
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ETH Gas
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Data by Etherscan
Market Cap:
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Fear&Greed:
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Loopring LRC
$0.08878 2.21%
OG Score 41.17
Reviews 5

Loopring LRC Price

$0.08878 2.21%
Low All Time High
$0.01963893 $3.75

Introduction

Loopring, an Ethereum token, is a non-custodial exchange protocol using zero-knowledge proofs for building decentralized, order book-based exchanges on Ethereum. More

OG Score 41.17
Reviews 5
Market Cap $110.69M
Market Cap Rank # 478

Token Stats

Fully Diluted Valuation $122.05M
24H Trading Volume $10.91M
24H Low / High $0.09 / $ 0.09
Circulating Supply 1.25 B
Total Supply 1.37 B
Max Supply 1.37 B

Info

Categories Decentralized Exchange (DEX) 10 more
Founder Daniel Wang
Website loopring.org 1 more
Socials 9 more
Chains Ethereum Ecosystem 2 more
Explorer Energi 4 more
Contracts 0xbbb....aeafd 2 more

LRC/USD Price Chart

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OG Evaluation

OG Score

OG Score Rank #696
Reviews 5
Gem Score 16.08

OGAudit Coin Evaluation Metrics

Innovation 51 .20
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 39 .45
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 39 .26
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 41 .24
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 40 .26
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 34 .68
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

Loopring $lrc User Reviews

What Crypto OGs are Saying About Loopring

$lrc Markets

Name Pair OG Score

About Loopring $lrc

What is Loopring (LRC)?

Loopring (LRC) stands as a beacon of innovation in the realm of decentralized crypto exchanges, offering a unique blend of centralized order matching and decentralized on-blockchain order settlement. Established in 2017 by Daniel Wang, a seasoned software engineer and entrepreneur based in Shanghai, Loopring aspires to address the shortcomings of both centralized and decentralized exchanges, providing a seamless and efficient trading experience.

The Loopring Ecosystem

At its core, Loopring operates as an Ethereum zkRollup Layer2 solution, leveraging zkRollup technology to expedite transaction validations and reduce transaction fees on the Ethereum network. The protocol's objective is clear: to develop a best-in-class zkRollup exchange and payment protocol, ushering in a decentralized alternative to custodial financial products and centralized exchanges.

Loopring introduces several key components to achieve its goals:

Loopring Relayer: Serving as the protocol's backend system, the Relayer manages tasks such as hosting and updating the off-chain Merkle tree, creating rollup blocks, and facilitating data transfer to Ethereum. Developers can integrate Loopring L2 solutions into their applications, benefiting from gas-free, swift transactions on Ethereum.

Loopring Layer2 App: This non-custodial exchange and payment platform, operating on the Loopring protocol, functions as an automated market maker (AMM) with an order book. Users enjoy gas-free and rapid transactions, high security levels, and the ability to conduct single swaps, high-frequency trades, and liquidity provision to AMM pools.

Loopring Wallet: This smart mobile wallet app integrates Loopring zkRollup directly, enabling users to seamlessly engage in DeFi activities, trade, buy, and sell crypto. Notably, the app employs "social recovery" as an alternative to traditional seed phrases and paper backups, allowing users to choose trusted entities as guardians in case of access loss.

Loopring's Unique Approach

Loopring's distinctiveness lies in its ability to merge the strengths of centralized and decentralized exchanges while mitigating their respective weaknesses. Centralized exchanges, although popular, pose custodial risks, making user funds vulnerable to hacks and unauthorized use. On the other hand, fully decentralized exchanges grapple with efficiency and liquidity issues.

Loopring tackles these challenges by managing orders centrally but settling trades on the blockchain. By combining up to 16 orders into circular trades, the protocol aims to enhance order execution efficiency and liquidity in decentralized exchanges.

LRC Token and Circulation

LRC, Loopring's native cryptocurrency, plays a pivotal role in the ecosystem. With a total supply of 1,375,076,040 LRC, it functions as a utility token, incentivizing protocol use and preventing malicious behavior. Users can acquire LRC through ring mining, where nodes on the Loopring network are rewarded for combining orders into order rings, maintaining public order books, and broadcasting orders.

Where to Trade LRC

For those interested in trading LRC, several reputable platforms offer liquidity. Binance, Huobi Global, OKX, and Coinbase Pro stand out as popular choices, providing a range of options depending on individual preferences and market conditions.

Conclusion

Loopring's journey, spearheaded by Daniel Wang, reflects a commitment to revolutionize the cryptocurrency trading landscape. By seamlessly blending centralized and decentralized elements, Loopring aims to offer a secure, efficient, and transparent alternative to conventional exchanges. As the crypto space continues to evolve, Loopring stands at the forefront, shaping the future of decentralized finance.

Loopring achieves improved liquidity by combining up to 16 orders into circular trades, a unique feature that distinguishes it from traditional one-to-one trading pairs.

What is unique about Loopring (LRC)?

Loopring stands out by seamlessly combining centralized order matching with decentralized on-blockchain order settlement, aiming to eliminate the drawbacks of both centralized and decentralized exchanges.

Who are the founders of Loopring (LRC)?

Loopring was founded by Daniel Wang, a Shanghai-based software engineer and entrepreneur.

Who are the backers/investors of Loopring (LRC)?

Loopring's specific backers and investors is anonymous. For the latest details on Loopring's funding and investors, it's recommended to check official announcements or reliable financial news sources.

Where can I buy Loopring (LRC)?

You can buy Loopring (LRC) on Binance, Gate.io, Bitget, BybitOKX cryptocurrency exchanges.

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