Loopring's proposal for this 2021 is one of the ones that convinces me the most, I fully trust this project and more after having seen the stab of centralized Exchanges.
Loopring is going to break this control and allow users to enjoy more transparent, safer and more profitable trading.
We have to consider that Loopring is backed by the Ethereum blockchain and Neo's. Your LRC token and your LRN token work on this protocol. The LRC token is experiencing a clear and strong rise in price that may attract many investors to add liquidity to the Exchange.
Centralized exchanges have the downside of being vulnerable to hacking, malicious actions of the owners, price manipulation and that at any time they can intervene your funds without prior notice.
Being able to have a DEX is more beneficial for the user who trades with cryptocurrencies and also with more versatility. In the DEX we are not obliged to trade with fixed pairs.
We can find some drawbacks with DEXs, especially liquidity. If you are looking to exchange a token with little demand, it is likely that you will be unable to execute your trade due to lack of funds.
I imagine that with the passage of time it will be corrected but in the meantime, I advise to always trade with cryptocurrencies with a lot of liquidity and market capitalization, whose distribution is more widespread.
If you want to buy something from LRC you have it available on BINANCE and OKEX. This token will always benefit over time, it is your ally. The bulk of the population still operates in centralized exchanges, they know that they have greater liquidity and efficiency. DEXs rely heavily on your laziness, adding liquidity, and your governance token fetching a good price.
How about Loopring?
