What is Loopring LRC token ?
What is Loopring LRC?
The creators of the LRC coin are not happy with the fact that crypto trading is predominantly concentrated on centralized exchanges. These are owned and managed by private organizations that can dictate their rules to their customers. Plus, clients of centralized projects need to verify their personalities to be allowed to use the full functionality of the platforms. For some people anonymity is essential. Besides, centralized projects lack transparency. Decentralized platforms record all their operations in blockchain so that people can check them.
The Loopring ICO took place in 2017. Two years later, the Loopring open protocol was first deployed on Ethereum mainnet. The project aimed to offer a hybrid between centralized and decentralized exchanges. It matches orders from different types of trading platforms so that users can make the most of both formats. The LRC crypto was introduced as the native token of the project.
Loopring LRC
LRC coin price
The LRC coin price today is $0.5838. It reached its all-time high, $2.59, at the beginning of 2018. Its all-time low was $0.01986 at the end of 2019. Those who were smart enough to get a Loopring wallet at an opportune moment could make 1077% ROI on this coin.
The Loopring market cap equals $719,240,386.46. The circulating supply is 1,221,548,591 LRC, the total supply is 1,374,378,440 LRC and the maximum supply is 1,374,513,896 LRC. In 2021, Loopring price predictions became more optimistic than before. The LRC price increased considerably if compared to the level that it was at from Autumn 2018 to Summer 2020.
According to the LRC Coinmarketcap statistics, the token is traded in around 100 pairs on numerous exchanges. However, you might want to purchase it at P2B. This platform not only provides optimal conditions for trading but also enables its clients to receive passive income.
How to buy Loopring LRC crypto token
At P2B, you acquire Loop LRC coins with USD from your bank card. You can purchase many other tokens with fiat money too.
The P2B centralized exchange also has the following advantages:
- Loopring price here is always reasonable. The same can be said about other coins.
- No matter how much Loopring crypto you are planning to buy, there will always be enough supply.
- 96% of all tokens are stored on cold wallets so that hackers cannot steal them.
- The interface of the exchange is intuitive. Even if you have little experience in trading, you will quickly figure out how the system functions.
- Trading fees are very small.
- The exchange operates remarkably fast, processing up to 10,000 trades every second and 1,000,000 TCP connections.
If you have any questions, the multilingual support team will be ready to answer them 24/7.
How to get additional income at P2B
After you create an account in the system, generate a unique invitation link in your profile. Use it to attract as many new customers to the project as you can. Post the link on trading forums and other sites that support such type of content. Send it to your colleagues, friends and family members in private messages. They should do the following:
- Sign up for the platform with your link.
- Start trading (it does not matter which tokens they prefer).
- You will receive a fee for each transaction that they carry out.
You will not need to trade yourself or perform any other actions.
Holders of the PACT token receive higher commissions in terms of the referral program. This is the native token of the P2B exchange. It was introduced only recently and it brings multiple perks to its owners. It makes your trading commissions lower and enables you to participate in exclusive token airdrops. So far, you cannot buy PACT — only receive it as a reward.
Investing in LRC ?
Those who follow the Loopring news realize that this project is creating a foundation for diverse DEX applications. Thanks to it, decentralized trading will be more secure, popular and profitable. If the creators of the Loop achieve their ambitious goal, that will be a meaningful breakthrough for the whole industry.
Critics might remind us of the primary ETH drawback — that is, low throughput. Yet it does not affect DEXes built on Loopring. It batches thousands of transactions together, verifies them off-chain and submits them to the underlying blockchain. So there is no risk of bottlenecks.
Also, the prices for carrying out transactions in the Loopring are lower than in the Ethereum network. Order matching and trade settlement consume minimum gas.
Moreover, it is very easy to build DEXes on a Loopring basis.
Investing in Loopring coin seems to be a good idea. The technological perspectives of this venture look highly promising.
Conclusion
If you read Loopring Twitter, Loopring coin Reddit thread or other sources of LRC coin news, you will notice that unbiased experts also draw many arguments in favor of this token. If you buy it at P2B now, it might bring you income later. Besides, you can make additional profit on the P2B referral program and the PACT token.