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Loopring (LRC)

Loopring

Trading

Overview

Loopring is a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reduce the cost of trading. 

Features

Loopring is not a DEX, but a modular protocol for building DEXs on multiple blockchains.

Loopring orders are expressed in Unidirectional Order Model (UDOM).

Loopring is not a cross-chain exchange protocol (until a suitable solution exists), but ATS enable trading of ERC20 tokens with physical assets as well as assets on other blockchains.

The Loopring Smart Contracts do not perform exchange rate or amount calculations, but must receive and verify what the ring-miners supply for these values.

The Loopring Smart Contracts takes that into account, stores the amounts to cancel, and emits an OrderCancelled event to the network. The Loopring Smart Contracts keeps track of filled and cancelled amounts by storing their values using the order’s hash as an identifier.

Loopring tokens will be used to effectuate protocol updates through decentralized governance.

Loopring operates an OTC model and only supports limitprice orders, meaning that orders’ timestamps are ignored. This implies that front-running a trade has no impact on the actual price of that trade, but does impact whether it gets executed or not.

Crowdsale

Token Sale
ICO start date 01 Aug 2017
ICO end date 16 Aug 2017
Soft cap 50,000 ETH
Hard cap size 36,165,600 USD (fiat)
Raised 45,000,000 USD
Token details
Ticker LRC
Type Utility-token
Additional Token Emission No
Accepted Currencies

ETH

Ratings

Type of ratings
Rating
Status
Hype score
High
Active
Risk score
Medium
Active

Funding Rounds

Fund
Status
aum
Strategy
Live NA
Venture

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
Done Done No NA NA

Rating Review and Analytics

Investment rating Info NA
Hype score Info High
Risk score Info Medium
Get Rating
Loopring ICO Contacts
More on ICO

Trading

(LRC)
$0.0403
0.43% 24H
ETH
return 0.68x
Start ICO 01 Aug 2017
End ICO 16 Aug 2017
Token LRC
Price 1 LRC = 0.06 USD
Product Type Platform
KYC No
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