LRC icon Loopring price (LRC)

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--Past 24h
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What is Loopring?

Loopring is a ZkRollup layer 2 on the Ethereum network. Loopring’s layer 2 makes it possible to do swaps, provide liquidity and make payments for low transaction costs. Loopring builds protocols and infrastructure without giving up the security of the Ethereum network.

The Loopring token (LRC) was launched by an ICO in August 2017. They raised around $45.000.000 with this ICO. The first version of the Loopring protocol was launched in December 2017. After half a year, multiple airdorps were distributed to LRC holders. They received LRN tokens, which could be used on the NEO network. Loopring 2.0 was launched in December of 2018 with which a new ring settlement update and a new transaction fee model was launched. Meanwhile, Loopring 3.0 has launched and with it the first zero-knowledge rollup dex on the Ethereum network.

Since 2017

The LRC token has been in circulation since the ICO of 2017

Unique

The LRC token has a deflationary token model because 10 % of the transaction costs are burned

Number of tokens

The maximum amount of Loopring (LRC) tokens is 1.375.000.000 minus the amount of burned tokens

When is a good time to get in?

Loopring statistics from the last 24 hours

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More about the Hedera price

ICO

A couple of weeks after the ICO, the value of the LRC token decreased by approximately 60 % to $0,037. This crash quickly turned to an upward trend. A couple of months later, a record high of $1,72 was reached in the bull market of 2017/2018.

All-time high

LRC reached its all-time high during the bull market in 2021. On the 10th of November, the token reached a value of $3,75. Almost 2 years before this all-time high, the token had decreased to an all-time low of $0,019: an increase of almost 20.000%.

Token burn

LRC uses a token model that burns tokens for every transaction. With this burn, tokens are token out of circulation. This, is in contrast to Bitcoin for example, where tokens are mined and added to the circulating supply.

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