The fascinating project Loopring can introduce as a decentralized cryptocurrency exchange that goals to answer the existing matters through exchanges which are presently in use in the blockchain system nowadays. However cryptocurency can be decentralized, the best trading platforms have significant level of issues. Consolidated exchanges are always subject to unexpected hackings, which has caused cost several million dollars’ worth cryptocurency. At some point, the exchanges that are in use can also severely prevent the freedom of the exchange users, for example Coinbase did make a decision to hold the accounts of coinbase’s users in Hawaii and Wyoming due to some restrictions from the governments. This fascinating platform denies such matters through working as a decentralized exchange while providing better levels of liquidity and clarity. The platform does not want that their platform users send their tokens to a third party for protection, alternatively Loopring users hold the control of the tokens all the time and protecting them from above mentioned issues such as hackings , restrictions etc.
How Dose Loopring Works
If you take Loopring system, when a user make orders, those performed automatically whereas user’s trade capitals persist under user’s control, although protected in a fascinating decentralized smart contract on the system of blockhain. The process that energies the Loopring system split orders into minor parts, after that recognizes the appropriate period and place to exchange those small parts, this procedure utilizes advanced game theory logic to enhance exchange outcomes. Notably, Loopring is adoptable with whichever blockchain that backings smart contracts. As soon as a blockchain is linked to Loopring, all the ERC20 tokens on the particular blockchain platform could be traded with the help of this unqiue platfrom.
Key Features of the platform
Dropping the Average Trader’s Disclosure to Risk
There is as saying ‘’ if you do not take the risk, you would not get the reward either’’ if you are seriously concerning about the risk, Loopring is the only solution while it delivers the reward that you are looking for, Loopring is rapidly developing a answer to defend your interest. Mainly, with Loopring, dealers get to do the trade which means cryptocurrency without taking tokens out of the wallets to whichever famous exchange. How do they do that? They just place, the platform automatically changes exchange volumes on the user’s wallet, with the remaining tokens protected in particular user’s blockchain address and this leads to safeguard users from risks related with exchanges and the opposite party too
Decentralized System
The Loopring is a decentralized platform, the funds that you are traded simply persist under your control whereas you perform automatic trades on the previously mentioned decentralized and the smart contract system of blockchain that is protected. This helps users to stay anonymous and it is a good feature certainly
Order Share Option
Loopring users are permitted to breakdown orders into minor pieces with the facility to allocate these separate parts of orders into the top and best reasonable trustworthy exchanges. Loopring is using a model name the game theoretical logic to enhance the exchange outcomes and defend traders from thinkable and sudden DDOS attack and deliver the users the finest existing choice
The Cross-Chain System
The novel project of the Loopring platform was to make it as a blockchain system which supports smart contracts and it would permit for the cross-wallet trades on the system nonetheless, it’s backed by the etherum platform, the platform can presently only help cross chain system for the ER20. Though, the upcoming expansion, the company assurances to permit for a system of cross-chain protcoal system that supports all the blockchain systems
Ring Matching
With the help of this feature, traders on Loopring platform will not solitary be capable to trade through the exchanges and as previously mentioned blockchains, nonetheless traders will also get to appreciate improved liquidity, superior current market selections. Consequently, traders on Loopring platform at the same time enjoy breaking down traders’ orders and increasing orders and relishing the liquidity
The Team
Daniel Wang - Founder & CEO
Daniel Wong has significant experience with top companies in the world including, Google and he has introduced few innovative entities including, Yunrang Technology, Coinport Exchange
Jay Zhou - CMO
Jay Zhou has gained massive experience with world famous audit firms and other leading Finetech companies including, E&Y, PayPal Risk and also the founder member of SJ Consulting
Johnston Chen – COO
Johnston Chen is a Product Expert in Finance Business
Token Sale and Token Details
Soft cap 50,000ETH
Hard cap 120,000 ETH
Tokens for sale 13,950,760,545,239
Sold tokens 13,950,760,545,239
The Loopring’s LRC token is an ERC-20 token which will permit the system to function in the Ethereum platform. Every diverse blockchain technology will need the LRC token to operate the protocol to help dealings through the system and the other blockchains are set to supportiveness by this magnificent loopring system are NEO and QTUM that would be linked through the platform’s native LRN and LRC tokens, separately
Project Timeline and Milestones
This year is influencing and immense year for this magnificent project, the core team has registered LRC on hitBTC the Bter.com in the last few months of 2017. Further exchanges are going to introduce in 2018. They had released ring-mining software this year. Investors and supporters can take it and investigate that, they had released loopring wallet recently and got a huge attention for that
The Conclusion
This magnificent project Loopring has the talent to shake the cryptocurency and exchange subjects. A lot people have faith in presently one of the greatest unrecognized cryptocurency in the decentralized trading systems. And the well experienced and skilled team and fresh concepts and technology,this project loopring has the prospective to overthrow, its contestants as well as the exchanges itself. They have reserved bounty to prize anyone $10,000 USD value of LRC for determining a serious fault. Bounties are treated as a symbol of a team determined to accomplish the final product excellence. Furthermore they have just appointed two extra senior developers to the platform in order to enhance the quality of the final product more and more
Loopring was already listed on Coinmarcketcap & about 15 major crypto exchanges.
Official Links for More Details
Official Web: https://loopring.org/about.html
Twitter: https://twitter.com/loopringorg
Coinmarketcap: https://coinmarketcap.com/currencies/loopring/#charts
Author
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