Loopring

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A blockchain research organization pioneering the future of finance. Loopring is building protocols, infrastructure, and user-facing DeFi products atop Ethereum, envisioning a digital economy that empowers its participants with full and guaranteed self-custody of their assets.

DeFi doesn't have to be a trade-off between security and performance. With this in mind, Loopring's Layer2 solutions work in synergy with Ethereum Layer1, enabling low-fee, high-speed, Ethereum-secured platforms for trustless trading, swapping, liquidity providing, and payment.

Ongoing projects led by Loopring:

Loopring Protocol: powered by zkRollups on Layer2, enables Ethereum to scale effectively without sacrificing Ethereum Layer1 guarantees
Loopring Layer2 Dex: An orderbook and automated market maker (AMM)-based non-custodial decentralized exchange (DEX) built atop Ethereum using the Loopring Protocol (v3).
Loopring Wallet: A mobile app for Android and iOS featuring an Ethereum Layer1 and Layer2 social recovery smart wallet.

founded 1 year ago

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communick@blockchained.world

LRC price action (alien.top)

submitted 11 months ago by whoischig@alien.top to c/loopring@blockchained.world

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I’ve been believing in LRC since just before the GME hype. Saw a random Reddit post leaking it and figured why not. Went from .34 to almost $4. Good times right?

Since the crypto winter began I’ve been accumulating LRC slowly over time especially under .20. The discussion question is “What is up with the price action?”

Considering these facts I find it hard to beleive this project is valued so low.

Continuing to Build through the down market
Active community and developers
Its own self custody wallet with attached DEX
Streamlining ETH transactions over multiple projects and blockchains.

Today at last check loopring was #138 by market cap. There are literal scams valued much higher, dead projects. Luna classic is valued higher than LRC. What will it take to see some value added? Is the price being artificially suppressed?

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[–] Sup_fans@alien.top 1 points 11 months ago (1 children)

What’s up with the price? The token has zero utility. Why should it be valued highly? Serious question by someone who locked in a 90% loss after realizing there’s no plan to make the token valuable

[–] tek3k@alien.top 1 points 11 months ago

So, I think "locked in a 90% loss" means you became impatient and sold your LRC at a devastating loss in the depth of the bear market. Yet,.. for some reason you still choose to return to this sub and spend your limited time and energy lamenting your loss. I've never understood why people dislike the project but spend time here. It makes no sense to me. Why not just take the L and move on.