Loopring (LRC)

Loopring (LRC) widget

ICO date: 01.08.2017 - 16.08.2017
Product Type: Platform
Industry: Trading
Description:

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.

Website: loopring.org

Rating Review and Analytics

Investment rating
NA
Hype score
High 3.0 / 5.0
Risk score
Medium

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See also