Token highlights: Loopring

LRC (Loopring) as Large-cap Ethereum based Token is 76 in 2100NEWS ranking. LRC has an above-average quality of the order book. The average quality of the order book for large caps members of NWSL100 index is 9.4. What is the true value criterion in the crypto world? Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind when you create a buying list to go into the crypto world.

About token

Loopring (LRC) has been launched in 22 exchanges. The Loopring story began back in October 2016, when Daniel Wang (Founder & CEO) decided to solve open issues in a centralized exchange using blockchain and smart contract technology.

CMT as Large-cap Ethereum based Token is 76 in 2100NEWS ranking (after Index Review of 2nd August 2019). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100 

LRC has an above-average quality of the order book mark 10.3.  (The average for large caps members of NWSL100 index is 9.4.)

Over the past week, the average market cap was 38.4 million $, average daily volume was 5.6 million $.

To make appropriate peers comparison we gauged the Loopring (LRC) token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, we were observing several weeks of intense downwards price action. Over the second half of July, Loopring (LRC) price performance rebounded vs. NWSL100 index. 

According to Etherscan, the ownership of LRC is very dispersed. There are 71.813 token holders (at the time of this article’s writing).

2100NEWS observation:

According to their Bi-weekly Reports, they are constantly improving the Loopring Protocol especially in the field of fee model and staking system. Their protocol engineers have completed all feature development and optimization. They simplified the fee model which further reduced the number of constraints in the settlement circuit. They invest heavily in communications with the community. Medium is open to 11 speaking areas and Telegram to 10 speaking areas. English Telegram has 10.154 members.

About Loopring – what they do

Loopring is a protocol for building decentralized exchanges. Besides the protocol smart-contracts, Loopring also offers a collection of open-sourced software to help you build decentralized exchanges. Loopring provides higher liquidity and better price by matching orders in the form of order-rings. Each ring may consist of 2 to 16 orders, and tokens will be transferred atomically in a circular way during ring settlement. Loopring is designed to provide matching-as-a-service, and its orders are unidirectional and do not differentiate takers and makers; Loopring’s order-ring is a generalized model of trading-pair, it enables a built-in mechanism for performing arbitrage.

General information   

Loopring is based in China. The core team is made up of the frontman Daniel Wang (Founder and CEO), Jay Zhou (CMO) and Johnston Chen (COO). 

Exchanges: Alterdice, Binance, Bitbns, Bithumb, BITKER, Bitrue, Bittrex, Coinbit, CoinExchange, CoinMex, CoinPlace, Dcoin, DragonEX, Ethfinex, Gate.io, HitBTC, Kyber Network, Livecoin, OKEx, OTCBTC, Upbit, YoBit

Website: https://loopring.org/

You can follow them:     Twitter     Medium     Reddit

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The Crypto Highlights are considered the opinion of 2100News and the material is for informational purposes only and 2100News is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens LRC.