LRCUSD

--Loopring CCC

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Loopring (LRC)?

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  • Loopring is a zk-Rollup layer 2 protocol that supports decentralized exchange scalability within the Ethereum ecosystem. The Loopring protocol allows trades on Loopring decentralized exchanges to settle at a higher speed than other Ethereum based decentralized exchanges because of its layer 2 network. LRDUSD retains the security of the Ethereum network and records the transactions on the Ethereum blockchain as its layer 2 network is built on top of the Ethereum network. The focus of Loopring is to provide the efficiencies of centralized exchanges, such as trade settlement speed, to decentralized exchanges.
  • Loopring (LRC) is the ERC20 utility token of the Loopring protocol. LRC can be staked in exchange for a portion of trading fees generated on the protocol. LRC is also required to create a Loopring decentralized exchange. The exchange operator must lock up at least 250,000 LRC.
  • The maximum supply is 1,374,513,896 LRC.

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