【Disclaimer】: OTCBTC does not endorse the credibility of any blockchain assets. All related information comes from third-party sources and may contain errors and omissions.
The Loopring Foundation is a non-profit one who aims to promote the application of the Loopring Agreement in the real world, and it also aspires to develop the ecosystem of Loopring with good governance and transparency.
Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reducing the cost of trading.
It adopts a decentralized technology to provide a risk-free token exchange model, allow multiple exchanges to compete through the chain, and conduct off-chain matching and chain clearing of the same orders. The Loopring Agreement will completely resolve some of the inherent risks of the existing centralized exchange model.
The Loopring Foundation will provide funds for the development of the Loopring Center Transaction Agreement by issuing LRC tokens. The Loopring Agreement will issue a genuine token that complies with ERC20 on blockchain. The name of the token on ETH is LRC, which has an important role in the agreement, including payment of transaction fees, exchange mortgages, and decentralized autonomy.
The total supply of Loopring tokens is limited to 1.395 billion(including the sale of tokens), and is immediately sent to participants through smart contracts when issued ("token delivery").
Total supply: 1.395 billion
Delivery number during ICO: 697 million
Initial cost during ICO: 0.3 CNY
Smart contract address: 0xEF68e7C694F40c8202821eDF525dE3782458639f
Official website: https://loopring.org/