Below you will find all the details about the coin. For more details you can visit the official website or the communication channels shown below. Details on the use of the currency in CoinRepublik are also displayed, such as the list of speculative markets, options or financial bets. If you are a token owner and would like to add it on CoinRepublik, please contact technical support.
Loopring (LRC) LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges. In 2020, the average daily trading volume of the entire cryptocurrency market fluctuated in the approximate range of $50-$200 million. Most of that trading is conducted on centralized cryptocurrency exchanges — online platforms operated by private companies that store users’ funds and facilitate the matching of buy and sell orders....
LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.
In 2020, the average daily trading volume of the entire cryptocurrency market fluctuated in the approximate range of $50-$200 million. Most of that trading is conducted on centralized cryptocurrency exchanges — online platforms operated by private companies that store users’ funds and facilitate the matching of buy and sell orders.
Such platforms have a number of downsides common to all of them, so a new type of exchange — decentralized— has emerged to try to alleviate these disadvantages. However, fully decentralized exchanges are not without their own flaws.
Loopring’s purported goal is to combine centralized order matching with decentralized on-blockchain order settlement into a hybridized product that will take the best aspects of both centralized and decentralized exchanges.
LRC tokens became available to the public during an initial coin offering (ICO) in August 2017, while the Loopring protocol was first deployed on Ethereum mainnet in December 2019.
Who Are the Founders of Loopring ?
The founder and current CEO of Loopring Foundation, which manages the development of Loopring protocol, is Daniel Wang, a software engineer and entrepreneur based in Shanghai, China.
Wang has a bachelor’s degree in computer science from the University of Science and Technology of China, as well as a master’s degree in the same field from Arizona State University.
Prior to starting work on Loopring, Wang has held multiple managerial and executive positions in major tech companies: he was a lead software engineer at the medical device manufacturer Boston Scientific, the senior director of engineering, search, recommendation and ads system at the Chinese e-commerce giant JD.com, as well as a tech lead and senior software engineer at Google.
Wang has also co-founded several companies: Yunrang (Beijing) Information Technology Ltd. and the cryptocurrency services firm Coinport Technology Ltd.
What Makes Loopring Unique ?
The main idea behind Loopring is to combine elements of centralized and decentralized cryptocurrency exchanges to create a protocol that will enjoy their unique advantages and eliminate inefficiencies.
Centralized exchanges are currently the main mode of operation for crypto trading services. While highly popular and convenient, using a centralized exchange carries a number of risks, the chief of which is their custodial nature. Because these exchanges hold users’ funds for them between the points of depositing and withdrawing, those funds come under the risk of being partially or fully lost due to potential hacker attacks, malicious actors inside the exchange or regulatory intervention.
Another major problem for centralized exchanges is the lack of transparency: the fact that trades are not settled on the blockchain, but rather stored in the exchange’s internal records makes possible price manipulation by the exchange and allows it to use user funds for unauthorized purposes while in custody.
In order to eliminate these problems, a new type of trading service has emerged in recent years: a decentralized crypto exchange (DEX). Instead of holding user funds in custody and processing trades internally, it helps buy and sell orders connect directly with each other and settle trades on a public blockchain.
While removing the custodial and transparency risks, DEXs introduce disadvantages of their own: mainly, lower efficiency (when compared to centralized alternatives) associated with the limited capabilities of the underlying blockchains and fragmented liquidity.
Loopring protocol seeks to keep the advantages of decentralized exchanges while reducing or eliminating their inefficiencies via innovative hybrid solutions. Through managing orders in a centralized manner but settling the trades on-blockchain, and combining up to 16 orders into circular trades instead of allowing strictly one vs. one trading pairs, Loopring expects to increase the efficiency of order execution, as well as enhance the liquidity of DEXs.
How Many Loopring [LRC] Coins Are There in Circulation ?
The issuance of LRC tokens is governed by the smart contracts that comprise the Loopring Protocol.
The primary way of earning LRC is via so-called ring mining: in order to improve the liquidity of the Loopring network, the orders in it are not matched strictly as pairs of two cryptocurrencies. Instead, the protocol can mix and match up to 16 orders for different cryptocurrencies in a circular trade, called an order ring.
Nodes on the Loopring network are rewarded in LRC tokens for combining individual orders into order rings, maintaining public order books and trade history, and in some cases broadcasting orders to other relays.
How Is the Loopring Network Secured ?
Loopring is operable on Ethereum and Neo blockchains with plans to add support for the Qtum blockchain. Each of these networks has its own token: LRC and LRN for Ethereum and Neo respectively; when launched, the Qtum network token will be called LRQ.
These tokens are secured by the hash functions of their underlying blockchain platforms: LRC by Ethereum’s Ethash, LRN by Neo’s SHA256 and RIPEMD160 and LRQ by Qtum’s proof-of-stake PoSv3 algorithm.
Lender
Colateral
Interest
Budget
Details
Market
Colateral
Leverage
Min size
Trade
Description
Size
Fee
Expires
Details
Buy LRC at 1.5 USD Wrote by Abuafwaz
325 LRC
12%
3 years
Buy LRC at 0.91 USD Wrote by bonitamullerm
520 LRC
13%
3 years
Buy LRC at 1.7 USD Wrote by rcverma
277 LRC
6%
2 years
Buy LRC at 3.2 USD Wrote by vladimir010285
146 LRC
5%
2 years
Buy LRC at 1.6 USD Wrote by ncosta4
290 LRC
10%
3 years
Buy LRC at 1.8 USD Wrote by virajpathirana
254 LRC
15%
2 years
Buy LRC at 2.1 USD Wrote by Maria6S
217 LRC
9%
3 years
Buy LRC at 0.73 USD Wrote by ggg62222
623 LRC
12%
3 years
Buy LRC at 2.3 USD Wrote by lifesweety
197 LRC
12%
2 years
Buy LRC at 0.73 USD Wrote by anishsur
616 LRC
15%
3 years
Buy LRC at 0.98 USD Wrote by Sebiss
456 LRC
14%
3 years
Buy LRC at 0.66 USD Wrote by ovallescrypto
674 LRC
13%
2 years
Buy LRC at 2 USD Wrote by gregoricordova
222 LRC
5%
2 years
Buy LRC at 0.68 USD Wrote by Vimal07
640 LRC
8%
2 years
Buy LRC at 0.71 USD Wrote by shenila
612 LRC
6%
3 years
Buy LRC at 0.97 USD Wrote by viceampi81
446 LRC
12%
3 years
Buy LRC at 0.92 USD Wrote by Samitha
468 LRC
14%
3 years
Buy LRC at 1.6 USD Wrote by whitel0ttuss
268 LRC
14%
2 years
Buy LRC at 1.8 USD Wrote by maswit2007
237 LRC
11%
2 years
Buy LRC at 1.6 USD Wrote by Franknesh
266 LRC
5%
1 year
Buy LRC at 0.72 USD Wrote by dowen
590 LRC
14%
3 years
Buy LRC at 2.2 USD Wrote by rafiksbs
193 LRC
12%
2 years
Buy LRC at 1.4 USD Wrote by redhaired
300 LRC
8%
2 years
Buy LRC at 1.3 USD Wrote by Tonmoji
323 LRC
5%
2 years
Buy LRC at 1.5 USD Wrote by Sachi098
279 LRC
13%
2 years
Description
Budget
Win
Bets
Details
Will Loopring touch 0.006 USD in the next 11 days ?
2.62 USD
30%
13
Will Loopring touch 0.007 USD in the next 3 days ?
0.01 USD
30%
12
Will Loopring touch 0.01 USD in the next 8 days ?
0.28 USD
30%
11
Will Loopring touch 0.006 USD in the next 2 months ?
2.58 USD
30%
11
Will Loopring touch 0.006 USD in the next 11 days ?
0.13 USD
30%
11
Will Loopring touch 0.003 USD in the next 1 month ?
2.47 USD
30%
9
Will Loopring touch 0.005 USD in the next 12 days ?
1.77 USD
20%
9
Will Loopring touch 0.003 USD in the next 1 month ?
1.27 USD
30%
9
Will Loopring touch 0.003 USD in the next 1 month ?
3.675 USD
25%
9
Will Loopring touch 0.006 USD in the next 3 hours ?
2.38 USD
30%
9
Will Loopring touch 0.005 USD in the next 2 months ?
1.275 USD
25%
9
Will Loopring touch 0.003 USD in the next 2 months ?
5.56 USD
30%
8
Will Loopring touch 0.005 USD in the next 16 days ?
1.78 USD
30%
8
Will Loopring touch 0.006 USD in the next 9 days ?
0.47 USD
30%
8
Will Loopring touch 0.007 USD in the next 2 months ?
0.11 USD
30%
8
Will Loopring touch 0.01 USD in the next 19 days ?
5.3 USD
30%
8
Will Loopring touch 0.006 USD in the next 3 days ?
0.2 USD
25%
7
Will Loopring touch 0.005 USD in the next 3 months ?
0.43 USD
30%
7
Will Loopring touch 0.004 USD in the next 1 month ?
4.56 USD
30%
7
Will Loopring touch 0.005 USD in the next 1 month ?
0.75 USD
25%
7
Will Loopring touch 0.006 USD in the next 6 days ?
0.175 USD
25%
7
Will Loopring touch 0.003 USD in the next 29 days ?
4.35 USD
20%
7
Will Loopring touch 0.01 USD in the next 14 days ?
5.05 USD
30%
7
Will Loopring touch 0.01 USD in the next 6 days ?
0.88 USD
30%
7
Will Loopring touch 0.007 USD in the next 21 days ?
Transactions in derivatives based on foreign exchange rates or the prices of precious metals, commodities or equity indices products carry a high degree of risk. Any transaction involving these products is exposed to, among other things, changes in a country's economic condition or political climate as well as acts of nature or terrorism - each of which may substantially affect the price or availability of the these derivatives. Speculative trading in derivate products is a challenging prospect with a high level of risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to trading these products. Most importantly, do not invest money that you are not in a position to lose. In addition, trading on a margin basis means that any market movement will have a magnified effect on your deposited funds. This can work against you as well as for you. The possibility exists that you could sustain a total loss of all the funds you have deposited. PipsTycoon's trading system is designed to automatically liquidate all open positions if your margin deposit is in jeopardy so that you cannot lose more than the funds you have on deposit in your account. We encourage you to employ such risk-reducing strategies as 'stop-loss' or 'stop-limit' orders, but you should be aware that market conditions may make it impossible to close out your order at the level specified. There are also risks associated with using an Internet-based trade execution software application including, but not limited to, the failure of hardware and software. ANNO1777 Labs maintains ‘back up’ systems and contingency plans to minimise the possibility of system failure. Before deciding to trade, you should become aware of all the risks associated with leveraged productstrading, and seek advice from an independent and suitably licensed financial advisor. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to your trading operations any direct, indirect, special, consequential or incidental damages whatsoever.
Copyright 2019 ANNO1777 Labs. All rights reserved.
Open Beta
