To support our community we have introduced 9 new LRC swap pairs.
Available Swap pairs:
What is Loopring (LRC)?
A crypto token based on Ethereum is Loopring's LRC, a protocol used to build decentralized crypto exchanges.
According to the cryptocurrency market data for 2020, the daily average trading volume fluctuated between $50 million and $200 million. The majority of those transactions took place on centralized exchanges.
All of these platforms have some downsides in common, so a decentralized exchange has emerged to eliminate these disadvantages. A fully decentralized exchange, however, does not come without its own limitations.
Supposedly, Loopring's aim is to blend centralized order matching with decentralized on-blockchain order settlement into one hybrid product that will combine the best features of both centralized and decentralized exchanges.
In August 2017, LRC tokens were launched during an initial coin offering (ICO), while the Loopring protocol was first deployed on the Ethereum mainnet in December 2019.
Who Founded Loopring?
Daniel Wang, a software engineer, and entrepreneur based in Shanghai is the founder and CEO of Loopring Foundation, which manages the development of the Loopring protocol.
Before joining Loopring, Wang worked in multiple management and executive positions at major tech companies. While at Boston Scientific, he served as a lead software engineer, was director of engineering for search, recommendation, and ad systems at JD.com, and was a tech lead and senior software engineer at Google.
As well as Coinport Technology Ltd., Wang founded Yunrang (Beijing) Information Technology Ltd., a cryptocurrency services firm.
By Warren Manuel