I would update yourself on what the protocol is doing.. instead of ‘will price go up’. This sub isn’t really for crypto trading and there may be other ones better suited for that
To get into the fundamentals though, I recommend the most recent post (multi-network) and the 3rd post (community call) here:
Try on the Banxa site/support email as Loopring has literally nothing to do with how they run their 3rd party service
Also.. there will be a lot less fees by doing the following
Buy USDC on coinbase -> under ~$2k clears and can send instantly, no purchase fee -> wait until low gas -> send to L1, bridge to L2 for size greater than $2k (also with points it will be free) /or/ layerswap directly to L2 -> buy desired token for less fees on L1 or L2
This can also be done in reverse. People think these on-ramps are great, but to me they are just another third party, and other CEXs have already made it easy enough to do. On-ramps are still CEXs just fyi cause I hear that rebuttle a lot
U/petervancee - this is the answer. “Staking” does not mean all protocols are doing the same thing
Staking ETH is contributing to validating the chain, and getting rewarded.
Staking LRC is joining a pool that gets a % of protocol fees. The more fees generated (trading, NFTs, sending etc) the bigger the pool. So to answer your Q, it is going up because there are more fees being generated
And you’ve checked that they are not on L2?
No one can do transactions using your wallet without
As below if you approved permission, revoke it or better yet move what you have to a new fresh wallet. Did you sign any strange transactions or answer DMs before they were removed. Happy to look into it if you DM your address.
Do NOT answer DMs, and I will jot DM you first for your security
Yea if you had the GSW and plugged into their marketplace that was L2. Cheaper fees.
Bridging tokens from L2 -> L1 has a network fee associate w it (same for NFTs). So it’s possible but really up to you. Same for going from L1 -> L2.
Can also use both. Depends what your using the wallet for
Yea easier to help in discord like Barefoot said!
Contract address can be found by searching ‘Loopring Contract Address’ on the internet
Also found on etherscan, coinmarketcap, and other coin price tracking sites
https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd
https://coinmarketcap.com/currencies/loopring
It is
0xBBbbCA6A901c926F240b89EacB641d8Aec7AEafD
PS: I locked the comments to avoid scammers. More have been active in several discord channels. Feel free to join our discord for more help and community input
NOTHING is stored inside a wallet. It is on the blockchain.
Always always always verify. Go to IMX explorer, type in your wallet, it will all be there
You can check the new doc page
And also feel free to hop in the DC for more technical questions and those who can help
Please join the discord and open a ticket in Support channel.
Also do not respond to DMs
If you have not finished upgrading your L1 contract all access to it is paused. Go to your guardian settings, and make sure to finish it.
If you are your own guardian.. log into guardian.loopring.io on the wallet and use the code it gave you
If you have further troubles please join our discord and go to the support channel where you can pos pics. Do not answer any DMs
This has nothing to do with Loopring. There is no free lunch, someone always pays