Loopring is an open protocol for building decentralized exchanges on the initiative of Daniel Wang. The protocol is scalable and serves as a standardized building block for decentralized applications (dApps) that contain exchange functionality. It works on Ethereum and QTUM, while NEO is also under construction. The founder and CEO of Loopring is Daniel Wang. In 2014 he was the head of Coin Port a decentralized cryptocurrency exchange. He also worked as Google Tech Lead and was co-founder of Yunrang Technology.
Jay Zhou is the CMO of Loopring. He was previously employed by EY (Ernst & Young), helped to build SJ Consulting and worked at PayPal's Risk Operations department. Johnston Chen, the COO of the project, has previously worked as CIO at 3NOD. A substantial part (30.5%) of the offer is in the hands of the foundation behind Loopring. The token of Loopring is based on the Ethereum blockchain and is therefore an ERC20 token. Miners for Loopring receive a small amount of LRC for all transactions made via Loopring.
Loopring is open-source and in which everyone can participate. Anyone can become a DEX (decentralized exchange) with the Loopring software: you can participate in our DEX network to share liquidity, or create and manage your own DEX network.
In total there are 1.37 billion LRC coins.
House Financial Services Committee Will Continue Libra Review
Blockchain Will Integrate BitPay's Payments System For Wallet Payments
Bank of England Governor: Libra-Like Currency Could Replace US Dollar
Research Suggests Tether Sentiment Could Provide Chance for Manipulation
Australian Hacker Pleads Guilty to Stealing $450,000 in XRP Last Year
Price Analysis 23/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM
British Hacker to Hand Over $1M in Crypto for Phishing Attacks
How Facebook's Libra Has Been Influencing Crypto, Politics and Finance
Canadians Charged for $220,000 Bitcoin Scam on Twitter
Bitcoin Miners Are Heating Homes Free of Charge in Frigid Siberia
Bitcoin Advocate Becomes 'Nobody' to Run for New Hampshire Town Mayor
Craig Wright Again Claims Authorship of Bitcoin White Paper
US Charges Two Canadian Nationals Over Alleged $230K Bitcoin Fraud
UK Employee Explains Why He Chose a 100% Bitcoin Salary
Bitcoin Increasingly Bearish Despite Price Bounce to $10.2K
Circle Looks to Raise $100M for Its Equity Platform SeedInvest
Litecoin's Mining Power Has Fallen 28% Since Its Block Rewards Halving
Winklevoss Twins on Bitcoin: 'Wall Street Has Been Asleep at the Wheel'