Loopring (LRC) Price

What is Loopring?

]Loopring is a decentralised exchange that is open-source in nature. It offers participants an automated trade execution system where they can buy and sell currencies without being reliant on a single central authority. The main aim of the platform is to reduce the trading cost and protect users from the risk of counterparty. With the help of a hybrid exchange model, Loopring incorporates both centralized and decentralized elements. Loopring has developed a system that is useful for all stock exchanges instead of creating a single decentralized exchange solution. The platform aims to create a network to benefit operators, reduce risk and also improve liquidity. Loopring’s generalised token notation is called LRx while the token on Ethereum is called LRC.

Features of Loopring

  • Decentralised: Loopring focuses on decentralisation. The funds remain under their control in a decentralized smart contract on the blockchain.
  • Reduced Counterparty and Exchange Risk: With Loopring, members are not required to send tokens to exchanges for custody. Another useful feature is the ability for members to transfer their tokens even after orders are submitted. The trading amount is automatically adjusted by loopring at the initial price. Moreover, the platform protects members from threats such as exchange bankruptcies and DDOS attack.
  • Cross-chain protocol: Loopring can be implemented as long as a blockchain has smart-contract support. The platform supports trading of all ERC20-like tokens.
  • Order Sharing: This feature allows incomplete orders to be ring-matched again with available parties and vice-versa. Depending on the liquidity, orders can be broken into smaller parts.
  • Ring Matching: The automated trading intelligence that is present in the ring-matching technology, is capable of interfacing with various exchanges and blockchains.

Where to buy Loopring?

Loopring tokens (LRC) are listed on exchanges like Binance, Bittrex, UpBit, HitBTC and others. The market capitalisation of Loopring as of May 11, 2018 was $388,256,928.

Loopring Wallets

The price of one LRC token as of May 11, 2018 was $0.678. The total supply of LRC tokens is capped at 1,374,956,262. LRC tokens can be stored in Loopr wallet

Price Trends

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Risks involved with investing in Loopring

Cryptocurrencies are subject to government regulations and are volatile in nature. It is not possible to predict the rise and fall of the price and hence, it is quite risky to invest in them. We would suggest you to invest in mutual funds  instead as they are more reliable.

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