Loopring current price is $2.560.

Loopring current price is $2.560.


Loopring current price is $2.560 with a marketcap of $3.18 B. Its price is -1.62% down in last 24 hours.


Buy / Sell Loopring
  • loopring
    Loopring (LRC)
  • Live Price
    $2.560
  • 24h %
    -1.62%
  • Market Cap
    $3.18 B
  • Volume
    $891.32 M
  • Available Supply
    1.25 B LRC
  • Rank
    63

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More Info About Loopring

Loopring is a decentralized exchange protocol and an “automated execution system” built on Ethereum that will allow its users to trade assets across exchanges. It isn’t a decentralized exchange. Rather, it facilitates decentralized exchanging through ring-sharing and order matching. Decentralized and centralized exchanges alike will be able to implement Loopring, giving the exchanges access to cross blockchain and cross exchange liquidity and giving investors access to the best prices available on the broader market. Moreover, Loopring is blockchain agnostic, meaning that any platform that uses smart contracts (e.g., NEO, Ethereum, Qtum) can integrate with Loopring.Serving as its head, Loopring founder Daniel Wang used to run a centralized exchange called Coin Port back in 2014. “At that time,” he told Coin Central in an interview, “[I was] trying to solve the problems of centralized exchanges, and then I realized that it’s not possible. Those problems are inherent to the centralized exchange model.” Thus, he began conceptualizing what would become Loopring. In the past, he’s also held a position as a Google Tech Lead and was a co-founder and VP of Yunrang Technology. Loopring’s CMO, Jay Zhou, was formerly employed by Ernst and Young, helped found SJ Consulting, and used to work in PayPal’s Risk Operations unit. Johnston Chen, the project’s COO, has worked as the chief information officer at 3NOD.Loopring is not a DEX, but a modular protocol for building DEXs on multiple blockchains. We disassemble the component parts of a traditional exchange and offer a set of public smart contracts and decentralized actors in its place. The roles in the network include wallets, relays, liquidity-sharing consortium blockchains, order book browsers, Ring-Miners, and asset tokenization services. Before defining each, we should first understand Loopring orders. At its root, the Loopring protocol is a social protocol in the sense that it relies on coordination amongst members to operate effectively towards a goal. This is not dissimilar to cryptoeconomic protocols at large, and indeed, its usefulness is largely protected by the same mechanisms of coordination problems [20], grim trigger equilibrium, and bounded rationality.The Loopring Protocol can facilitate trading between ERC20 tokens. Loopr needs to convert Ether to Ether Token for trading as Ether is not ERC20 compatible, but Ether Token is. Converting between Ether and Ether Token will be done for you automatically when you submit an order, but if you want to trade frequently, we strongly suggest you to convert some Ether to Ether Token beforehand manually; otherwise each order will take one more blockchain transaction just for the ETH-WETH conversion which takes time and gas. Conversions between ETH and WETH are done on-chain through Ethereum transactions. ETH and WETH are always converted 1:1 which is guaranteed by the WETH smart contract. The WETH smart contract also guarantees the total WETH issued is exactly the total ETH deposited. In other words, ETH and WETH is equiviate in value, and WETH is just the ERC20 form of ETH.The Loopring blockchain project had managed to raise almost 15 million US dollars during the period of the Loopring ICO, as all the regulatory experts watched this unprecedented crowdfunding. Daniel Wang, the founder and the main person behind the Loopring ICO, hand made it very transparent that the interface is quite bad but the underlying mechanism and the Order matching facility is very great. Loopring mining can be initiated very easily by using various performance calculating devices such as CPU, GPU, as well as application specific integrated circuits. The Loopring mining process can be initiated through the high-end Linux systems, according to reports. Loopring mining is basically a metaphor which is not similar to the Bitcoin mining but here the users need to match the specific orders from a huge database. Specifically, Loopring mining requires the usage of the ethereum nodes along with JSON API, IPFS, etc.Check out CoinBureau for the full review of Loopring.

Historical Data of LRC

Date Price Volume MarketCap

A Step-by-Step-Guide on how to buy Loopring (LRC)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You will first need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Loopring (LRC) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate (LRC) Loopring

As soon as your deposit has been affirmed, you'll now have access to your finances and you can launch invest and trading. To purchase Loopring (LRC) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

To spot Loopring (LRC), you'll need to put the shortname of the coin (LRC) into the search box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've highlighted this too. Click on “LRC/BTC” to go ahead.

Binance How To Buy 1 [cmc-coin-name type=
Step 4 – Buy (LRC) Loopring

Once you've spotted Loopring (LRC), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're making our Limit Order.

The “Price” field will be filled automatically with the latest tariff (LRC) Loopring was sold for. This can be changed to your desired price. The “Amount” field is the volumen of LRC you want to buy. The “Total” field is the aggregated price in BTC that you'll settle for the complete volumen of LRC.

When you are happy, click on “Buy LRC“. Your order will be filled as soon as a Vendor trades their LRC for the price you gave.

Step 5 – Withdraw Loopring (LRC)

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extensive time period. To withdraw your (LRC) Loopring, go to the tab called “Funds” and mouse click on “Withdraw”. Loopring (LRC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (LRC) Loopring by using the provided drop-down box. Enter the amount of (LRC) Loopring you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Congrats! You've successfully purchased and stored Loopring (LRC).

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the (LRC) Loopring is stored within your wallet, you're finished.