Loopring Crypto Price Prediction, Value and Chart (LRC)

Loopring (LRC) Frequently Asked Questions

What is Loopring?

Loopring is an open, multilateral token exchange protocol for decentralized exchange on the Ethereum blockchain. Loopring is intended to serve as a common building block with open standards, driving interoperability among decentralized applications (DAPPs) that incorporate exchange functionality. Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use, and that any dApp can hook into. Loopring’s token is based on the ERC20 Ethereum Token Standard and can be liquidated through a Loopring smart contract. LRC is an Ethereum Token (Description provided by CryptoCompare)

How do I buy Loopring?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Loopring.

Where can I get Loopring wallet?

Loopring produces its own wallet software that is available for download on its website, which allows you to store Loopring on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Loopring?

One Loopring (LRC) is currently worth $0.41 on major cryptocurrency exchanges. You can also exchange one Loopring for 0.00001941 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Loopring in U.S. dollars is $544.40 million.

What hashing algorithm does Loopring use?

Loopring is a coin that uses the ETH Token algorithm.

What coins are similar to Loopring?

The following coins use Loopring's ETH Token algorithm and proof-type: Binance USD, BITCOIN ADDITIONAL, Mammoth, Crypto.com Coin, Parkgene, Dai, DREP, DREP [old], THETA, Polygon, yOUcash, FTX Token, Chainlink, KickToken [old] and Magic Internet Money.

What is the Reddit page for Loopring?

The official Reddit community (subreddit) for Loopring is r/loopringorg.