Loopring

Loopring

Created using Figma
Created using Figma
Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reduce the cost of trading. By essentially rising the liquidity of cryptocurrencies, we are building the financial system of the future
Risk: High
  • Market
    Price
    Open 24H
    Range 24H
    Volume 24H
    Change 24H
  • Bitfinex
    4 hours ago
    $ 0.0687
    $ 0.0687
    L: $ 0.0685
    H: $ 0.0780
    $ 3.886 K
    -0.09%
  • Yobit
    2 days ago
    $ 0.0801
    $ 0.0801
    L: $ 0.0801
    H: $ 0.0801
Sep 1, 2017
Sep 16, 2017
100% completed
Raised funds - no Data
past
Token Details
Ticker
LRC
Company Details
Registered Country
China
Additional Details
Categories
Platform

About Loopring

Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reduce the cost of trading. By essentially raising the liquidity of cryptocurrencies, we are building the financial system of the future.

Zero Risk
Loopring does not require members to send tokens to exchanges for custody. Tokens always remain in their blockchain addresses during the whole transaction life cycle Members can even transfer their tokens around after orders are submitted - Loopring will automatically adjust trading amount at the initial price. Loopring protects members from threats such as exchange bankrupcies and DDOS.

Decentralized
Orders are automatically executed while trade’s funds remain under their control in a decentralized smart contract on the blockchain.

Order Sharing
Loopring mechanism allows to order break into small pieces, identifies the best exchanges and times to trade those pieces on, and applies game theoretic logic to optimize trading results. Loopring can also well protect trading from DDOS attack.

Ring-Matching
Loopring is a decentralized, automated trading intelligence interfaces between crypto exchanges and blockchains, using our balance sheet to enable users to realize liquidity many times greater than available directly in the market, by both generating liquidity within the platform and breaking orders into small pieces that are placed across all market venues simultaneously.

Cross-chain protocol
Loopring was designed to be blockchain agnostic. As long as a blockchain has smart-contract support, Loopring can be implementd, and all ERC20-like tokens on such a blockchain can be traded under Loopring.

Features

- Loopring mechanism allows to order break into small pieces, identifies exchanges and times to trade those pieces on, and applies game theoretic logic to optimize trading results.
- Orders are automatically executed while trade’s funds remain under their control in a decentralized smart contract on the blockchain.

Loopring Roadmap

  • 2016.10

  • Loopring concept born
  • 2016.12

  • Ring-match concept verified
  • 2017.5

  • Whitepaper published
  • 2017.6

  • Team set up, token sale planned
  • Read More
  • 2017.8.1

  • Token sale kicked off
  • 2017.8.16

  • Token sale concluded successfully
  • 2017.11

  • Loopring smart contract to be released
  • 2017.12

  • LRC listed on exchanges
  • 2018.2

  • Open source ring-mining software
  • 2018.4

  • Open source & launch a wallet to trade with Loopring Protocol

Activity

Followers:
28 496
VERY HIGH
Tweets:
1 758
VERY HIGH
30 Days Growth:
-423
Alexa
Rank:
521 235
MEDIUM
Delta:
172 291
Year commits:
6 629
Watchers:
425
Stars:
496
Forks:
216
Open issues:
46

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Daniel Wang
Founder
unverified
Jay Zhou
CMO
unverified
Johnston Chen
COO
unverified

Last News

$ 0.0690
-5.50%
Coin Stats
Daily, %:
-5.50%
Weekly, %:
-34.03%
Monthly, %:
-39.68%
Market Info
Market Cap:
$ 50.783 M
Volume 24h:
$ 512.311 K
Circ. Supply:
735.09 M LRC
Ticker:
LRC
2.95
risky
5.0 19
ICO Profile Vision Activity Potential Product Team

Loopring Reviews

icorating.com
ICO review website

The following are the general strengths of the Loopring project:

  • Ambitious and perspective idea

  • Healthy vesting conditions

  • Strong team

  • Good competitive position

Key project risks at this stage include:

Competition

The project has strong competitors based on their progress and market position, however, Loopring has several competitive advantages in terms of performance and security in comparison with its rivals. Considering such strengths, such as an experienced development team, good overload resistance, stability, and extensive tools, the project can become a worthy competitor.

Roadmap is not comprehensive

The project’s roadmap does not have business development milestones and does not directly cover in detail the period after the trading wallet release in April, 2018. At the same time, vesting for the team will continue for almost two years (current 2018, upcoming 2019 and half of 2020). As for the report date, the roadmap is presented as a single artistic format of the business plan, without any specific milestone, which could be used in a future project’s on-time development evaluation.

Absence of detailed information regarding the use of proceeds

Information regarding the use of funds collected during the ICO is not available for public review yet and cannot be verified. Nevertheless, the team intends to release an expense report for public review after the calendar year-end. If that happens, the risk may go down.

Read More
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