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Loopring (LRC)

€ 0,25444

2,34 % € 0,00595
24h 1w 1m 1y All

Loopring Price in Euros

(LRC to EUR)

€ 0,25444

Loopring Volume

(24h)

€ 22.36 M

Market Cap

(Loopring)

€346.77 M
BTC

What is Loopring

Loopring is an Ethereum-based decentralized finance protocol with the goal of incentivizing its users and allow the creation of crypto exchanges. One of its goals is to provide an alternative for costly and slow Ethereum decentralized exchanges with the help of zkRollups or zero-knowledge rollups, a fairly new kind of cryptography.

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How does Loopring work?

Loopring has a fast lane that utilizes zkRollups, which diverts transactions away from the congested Ethereum network, and packs and executes them off-chain before they are submitted as a single transaction to the Ethereum blockchain. This is what makes Loopring trades cheaper, faster, and more efficient.

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How to buy Loopring?

Loopring’s utility token is LRC, which is available to purchase on any crypto exchange network, such as Coinmerce. If you haven’t tried out Coinmerce yet, all you need to do is sign up and in a matter of minutes, you can make your first LRC purchase.

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How to buy Loopring?

You want to buy Loopring? You can buy Loopring using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Loopring, use the search function to search for Loopring and click on the name. You can indicate for how many euros you want to buy Loopring in the right window. Below is shown how much Loopring you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Loopring when the price of Loopring reaches your entered value. You can also execute a repeating order. Do you want to buy Loopring with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Loopring.

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About Loopring

Loopring’s founder, Daniel Wang, has an impressive background. A Masters in Computer Science graduate of Arizona State University, he worked for Boston Scientific, a medical manufacturing firm, as Lead Software Engineer. Wang created Loopring in 2017 in Shanghai, China. While Loopring is not really a decentralized exchange, it uses ring-sharing and order matching technologies to facilitate decentralizes exchanges. What it does is find orders from different exchanges, as many as possible, consolidate all these, and then use order books to match them with all the participating exchanges throughout the network. One of the unique characteristics of Loopring is the way it opens the network to both centralized and decentralized exchanges. This allows for increased liquidity and flexibility when it comes to pricing. Loopring had its ICO or initial coin offering in 2017. It drew in $45 million, but because of China’s strict regulations, a significant amount was given back to the ICO participants.

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Founder Daniel Wang
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Founder
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Founded 2017
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Industry Exchange
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Website Website
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Network Ethereum
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Location China
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Rank 239
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Market Cap 346.77 M
euro
Trading volume 22.36 M
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Maximum coins 0
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Circulating 1.37 B
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