Loopring LRC

[Anonymous No.19189598]

I just stumbled upon this while researching that RING coin from another thread. This shit is bonkers and way over my head so I will copy paste some key points I've found. I have not seen it be shilled anywhere.

"Loopring (LRC) is an open protocol for scalable non-custodial exchanges on Ethereum. The Loopring protocol smart contracts and zero-knowledge proof circuits allow the building of high-performance DEXes using a zkRollup construction. This allows for higher throughput and lower settlement costs without sacrificing Ethereum-level security guarantees."

"Loopring 3.0 can settle up to 2,025 trades per second while guaranteeing the same level of security as the underlying Ethereum blockchain. This is made possible by using a construction called zkRollup, and a feature called On-Chain Data Availability, or OCDA. If OCDA is disabled, Loopring throughput becomes as high as 16,400 trades per second..."

"The settlement cost is roughly $150 USD per million trades, which covers the gas for Ethereum transactions and the cost of proof generation on cloud computing platforms."

"All LRC holders can stake LRC to earn part of the protocol fees paid by all exchanges built on top of Loopring. 70% of the protocol fees are rewarded to stakers, 20% will be used to fund the Loopring DAO, and the remaining 10% will be burned."

"We also believe that Loopring's performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. This was not previously possible on any DEX as it was prohibitively slow and expensive. By building on top of Loopring 3.0, orderbook-based DEXes can be commercially viable for the first time."

And its available on Uniswap. You fuckers are welcome

[Anonymous No.19189635]

>>19189598
>And its available on Uniswap. You fuckers are welcome

what do you mean? I've never heard of uniswap, went to their site and I can't see any cryptos to buy

[Anonymous No.19189651]

>>19189598
>Chink scam ERC20 shitcoin that is only used for trading other ERC20 shitcoins
I'll pass.

[Anonymous No.19189652]

>>19189635
Feels bad

[Anonymous No.19189680]

>>19189651
>>19189652

I also see it is on binance....is this worth it? It looks like it pumped massively back during the last bullrun, but it also slightly pumped the last few days. Tempted to buy but I don't wanna get dumped on, why would this be a good buy? Has anything notable happened with this shitcoin recently?

[Anonymous No.19189694]

>>19189680
No idea man. As I said I just stumbled across it and it looked too good not to share. Especially since I fucking found it meaning it hasnt been being shilled anywhere. And im white

[Anonymous No.19189711]

Noon OP thinks no one knows about loopring. He talks about it like it's new.

The project has been arou d and vitalik talks about loopring

[Anonymous No.19189714]

I remember PnD this shitcoin back in late 2017. First big springboard into a real portfolio. Good times

It’s not a scam like esh but it’s not a solid idea guys. The world doesn’t need another DEX anytime soon.

[Anonymous No.19189718]

>>19189680
It's a 2017 chink shitcoin, if you haven't heard of it I can only assume you're pretty new at this and shouldn't be gambling on alts. There are platforms (such as Uniswap) where you can trade ERC20 scam tokens without needing yet another ERC20 scam token like Kyber, Loopring or 0x to use the exchange.

[Anonymous No.19189729]

>>19189711
Then how is it so cheap? Theyre also affiliated with Chainlink apparently?

[Anonymous No.19189759]

>>19189714
Have you looked at Loopring 3.0? Gas transactions are fractions of a cent and TPS is phenomenal. And there is staking now..

[Anonymous No.19189839]

>>19189718
Yeah the algo traders are just lining up around the block to trade on Uniswap, fucking brainlet.

[Anonymous No.19189847]

>>19189598
Stop trying to bring 2017 shitcoins back from the dead retard. No one is buying your bags.

[Anonymous No.19189859]

>>19189729

The tech they use isbcool but at the end of the day. It's just another DEX.

[Anonymous No.19189880]

>>19189847
It was up 12% when I found it on the side of the road sleeping on a rug. Which was like 10 minutes ago. Its also up for the past 30 days. Someone is definitely buying it lmao

[Anonymous No.19189914]

>>19189598
Been in LRC since 2017 and made a shit-ton of money on the 2018 alt run. This is one of the gems from 2017 that'll be revived next cycle and pull another 10-20x from here.

[Anonymous No.19189943]

>>19189914
It looks like they are making their revival time now. I already got a bag.

[Anonymous No.19190138]

How many looprings to make it? Been following for years, great project. I kind of want a bag to stake but a 90 day lock up for rewards sounds like a long time.

[Anonymous No.19190168]

>>19190138
90 sounds like the standard for me. 1 ETH just got me a massive bag though

[Anonymous No.19190307]

>>19189598
>>19189651
>>19189680
>Already being integrated into ETH layer 1
>Regularly mentioned by Vitalik
It's the scalability solution that makes ETH - along with any and all other chains - viable for large-scale operation.


I've been staking my bags for months, guaranteed this will eventually go interstellar.

[Anonymous No.19190328]

>>19190307
Do you know relatively how much you're making on staking APR%?

[Anonymous No.19190605]

>>19190307
Is this worth a buy now?

[Anonymous No.19190844]

>>19189839
Oh right I'm sure they're going to be using Loopring

[Anonymous No.19190885]

>>19189651
And you need to pay ETH to open an account. No way they're having adoption with that shit.
Hard pass

[Anonymous No.19190896]

Are these scams still alive?
I remember flipping it in 2017.

[Anonymous No.19191043]

>>19190896
Yeah if you read the fuckin post theyve released 3.0