Trade LRC - LRC Markets, Exchanges, Broker
Loopring coin (LRC) is the token of the token exchange protocol. The protocol is based on the Ethereum block chain. In total there will be 1,395,076,054 LRC, of which currently 697,538,027 loop ring coins circulate.
This is accompanied by a market capital of 41 million US dollars, with a daily trading volume of 81 thousand US dollars.
Loopring Coin - How does loopring work?
The Loopring Coin crypto currency is used to cover fees within the platform. Loopring has smart contract support, which means that all ERC20 tokens can be traded with loopring. Loopring is described on the startup's website as an execution program that trades decentralised, automatically between crypto currencies.
Loopring developed a match ring for this purpose. This is an algorithm that automatically finds the best trading pairs in terms of value for money. Sell or buy instructions are entered into the match ring, which circulates until a good price/performance ratio or desired result is achieved.
In this way, orders can be placed that search for a "match" until the buyer or seller is satisfied. In this way, offers and requests circulate in this ring, which searches worldwide for hits.
The risk for investors is zero, because offered tokens are on the eWallet until the buyer or seller gets a satisfactory result. As long as a purchase has not yet come about, the looping circle continues to work.
Users can continue to trade crypto currencies from their eWallets. Should the number of crypto currencies offered be higher or lower after a hit because the owner of an eWallet transferred his assets elsewhere, Loopring's system automatically adjusts the amount. Furthermore, Loopring Ring users can easily place multiple orders at the same time and are protected from hacker attacks.
Loopring ended the token sale on 16 August 2017. The company plans to release the Loopring Smart Contract in November 2017 and LRC mining software in February 2018. In April 2018, the startup wants to open its open source area for developers, launch its own eWallet to trade with the looping protocol.
The company is supported by ICO Race, NEO Council, ChainFunder, iCO365, Fintech Blockchain Group, Qtum Foundation, SequoiaDB and TokenCapital. The founder of Loopring is Daniel Wang, co-founder of Yunrang Technology, co-founder and CEO of Coinport Exchange, CMO Jay Zhou, a member of E&Y and PayPal Risk Operations, and COO Johnston Chen, a financial expert. They will be advised by Xuefeng Li, CTO of Zhongan Tech, Da Hongfei, founder of Antshares, and Hitters XU, founder of the Bitcoin startup camp.
Conclusion
Loopring's token exchange protocol holds great potential for the future. With a protocol that stores buy and sell instructions and automatically searches crypto markets worldwide for offers to buy and sell while taking into account the account balance of eWallet owners and even integrates with decentralized apps, trading crypto currencies could be greatly simplified and accelerated.