Loopring Research Hub | LRC information, history and analysis

Loopring is an open-source token exchange protocol platform that enables users to exchange digital assets across multiple exchanges. Daniel Wang, co-founder and CEO of Coinport Exchange, co-founder and vice president of Hygene Online, and director and research specialist, founded Loopring in December 2019. Zhongan technology company’s blockchain.

Loopring’s automated decentralized system not only speeds up transaction processing but also protects users, reduces risks, and lowers transaction costs. Loopring aims to combine the benefits of centralized and decentralized exchanges to create an automated trading system that allows investors to safely and transparently trade on various exchanges.

Loopring token (LRC) is a Loopring network utility token that operates on the Ethereum platform in accordance with ERC20 standards and is used for the following purposes:

• Paying fees to Ring Miners to receive and maintain Order Books
• Used for users to participate in the network administration process