Loopring is an open source and decentralized token exchange protocol that removes the need for third-parties such as exchange websites in the peer-to-peer trading process. The Loopring protocol serves as an automated execution system that allows users to execute trades over multiple other cryptocurrency exchanges, thus increasing liquidity, reducing risk, and lowering the cost of trading. Tokens and coins are kept in the traders’ wallets or Loopring’s smart contract (which can be built on any blockchain that supports smart contracts) while they are trading, without having to send them to an exchange. Users’ trades are executed automatically across the various exchanges that Loopring supports using an automated trading intelligence feature.
Loopring (LRC) is the token that is used to pay exchange transaction fees and serves as a deposit for exchange registrations.
|Market Cap||$26.40 M|
|Current Supply||788.99 M|
|Total Supply||1.37 B|