Open Beta  


  Home
  Earn
  Market
  Trade
  Companies
  Politics
Press
Top articles
Game fund
Assets
Browse assets
Financial markets
Ranks
Players ranks

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....

  Website
 


Loans
0
loans
Margin Markets
0
markets
Options
651
options
Financial Bets
130
bets




What Is 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.

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 ? 1.75
USD
25% 6







 

Overview
Press
Game Fund
The Token
Financial Markets
Ranks
Earn
Workplaces
Faucets
Bounties
Loans
PTC
Market
Cigars
Drinks
Food
Wine
Clothes
Jewelry
Cars
Houses
Coupons
Tickets
 
Trade
Margin markets
Options
Financial bets
Companies
Browse companies
Open company
My Companies
Politics
Overview
Laws
Budget
Parties
Congress
Countries
Army
Legal
Terms
Privacy policy
Refund policy
Contact
 
 
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.