• 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

    DateOpenHighLowCloseVolumeMarket Cap
    5/30/20180.4830590.4961370.4689750.47633727634500016650500
    5/29/20180.4497520.4943880.4421010.48232125729200015870000
    5/28/20180.4957470.4997330.4490020.4498592836040007920990
    5/27/20180.5003170.5046910.4906860.4961132862180006771920
    5/26/20180.4944040.5193210.4859350.5026922828360007965760
    5/25/20180.5181220.5194140.4892960.49534729640400013546900
    5/24/20180.4931410.5213330.4680450.51675928211300019488500
    ViewMoreLess

    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.

    Disclaimer:

    "The Reserve Bank of India (RBI) and Ministry of Finance has frequently cautioned the users, holders and traders of virtual currencies regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with virtual currencies. RBI also further clarified that it has not given any licence/authorisation to any entity/company to operate schemes or deals related to Bitcoin or any virtual currency. RBI has also barred its regulated entities from dealing or providing services to any individual or business entities dealing with cryptocurrency. The Ministry of Finance has also officially stated that virtual currencies are not legal tender or coin.

    A&A Dukaan Financial Service Private Limited (“BankBazaar”) does not endorse investing or dealing in virtual currencies in any manner. The information provided on our website is solely for illustrative purposes and should not constitute investment advice or assistance in investing or dealing with crypto currencies. If you decide to invest or deal in cryptocurrencies, you should be aware that you will be dealing with the respective individuals or business entities dealing in cryptocurrency and BankBazaar has no role in any manner in such transactions or dealings. We strongly advise our visitors to invest in legally recognised financial instruments rather than risking their capital on virtual currencies which are unregulated instruments."

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