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Home Platforms Loopring
Loopring reviews
Review Score
98%
3,838 Reviews
Platform Age
4 Years
Anonymous
Decentralised

Average rating of 98% based on 3,838 reviews.

Founded 4 years ago in 2018.

Use anonymously. No KYC required.

Decentralised exchange.

Go to Loopring earnings calculator

Average rating of 98% based on 3,838 reviews.

Founded 4 years ago in 2018.

Use anonymously. No KYC required.

Decentralised exchange.

Go to Loopring earnings calculator

Loopring Review, Pros & Cons and Features

Pros

tick The platform is blockchain agnostic
tick Users have full controll over their assets
tick Users benefit platform’s revenue by staking LRC
tick $84,539,398 USD currently invested (TVL)

Cons

cross Slow development process
cross No support from a big incubator or investor
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Loopring Reviews

 

Loopring is a zkRollup exchange and payment protocol for building high-performance decentralized exchanges without sacrificing Ethereum’s security. Jay Zhou and Daniel Wang founded Loopring in 2017 after raising $55 Million in ICO (Initial Coin Offering). Loopring protocol aims to provide tools to build scalable exchanges by using the Ethereum layer-2 solutions, zkRollups. Using ZkRollups allows Loopring to serve fast and secure. The Loopring hasn’t raised funds after the seed round, according to the Crunchbase.
 
Loopring also has a decentralized exchange platform where individuals can connect their web wallets and trade cryptocurrencies with low fees. Loopring exchange is built by Loopring protocol and launched in 2020. The Loopring exchange has no hack issues in history. The Loopring exchange secures the assets by giving control of assets to the owners. The crypto assets are not held in a custody wallet. Customers’ assets are protected by using smart contracts.
 
LRC tokens are ERC-20-compatible tokens built on the Ethereum network. ERC tokens are used as the native currency of the protocol. Users need LRC tokens to develop on the protocol. Loopring protocol was designed to be blockchain agnostic, which means that the protocol can be adopted and performed on different blockchains. The Loopring has tried to deploy its protocol on the NEO blockchain and created LRN tokens, but the plans are deferred for now. The team also announced that they are planning to expand their operations on the QTUM blockchain too.
 
Loopring exchange offers spot trading, swap, exchange, stake, and liquidity pool tools for users. Users can stake ETH coins only on the platform. Users can also earn by adding other coins to liquidity pools. Loopring has mobile wallet apps too. You can download the mobile wallet and use it to store your coins.

 

Loopring Supported Currencies

Loopring supports over 20 currencies including Ethereum, Tether, USD Coin and Polygon.

ALooking at reviews from across the web, Loopring has an average review score of 98% based on 3,838 reviews.

Loopring Key Data

Company
Automatic market maker tick Yes
Year founded 2,018
Decentralised tick Yes
Security
Know your customer cross No
Key People
Jay Zhou
Co Founder
Daniel Wang
Co Founder

Useful Links

Loopring Contact Details

https://loopring.org/

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