Nov 30, 2021

5 min read

Coin Healthcheck: Loopring (LRC) — DailyCoin


State of Project


Website & Whitepaper:

Development stage:




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  • An ambitious project allows building decentralized exchanges and aims to create an interconnected system of both centralized and decentralized trading platforms.
  • Competes with existing decentralized exchanges by enabling off-chain transactions that increase transfer speed and lower the costs on the Ethereum network.
  • The project’s team is constantly growing. Loopring does not hide their identities and introduces new employees to the community. The situation is different with advisory board members, as this list has not been updated since the ICO in 2017.
  • We could not find any official data on venture capital investments after Loopring’s ICO in 2017.
  • Available on almost all major crypto centralized and decentralized exchanges. However, the majority of LRC supply is concentrated in the hands of large holders.
  • Loopring (LRC) is a small market cap token that has enough room to grow, especially while the Ethereum network remains highly congested, slow, and expensive.

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