Loopring is a decentralized cryptocurrency protocol. Control of cryptocurrencies on the platform is entirely in the users. A laborious and risky transaction such as depositing money in central exchanges with Loopring becomes history.
Anyone can contribute to the open source Loopring (LRC) platform as a "decentralized exchange" (DEX). You can join the DEX network to share liquidity; you can even set up and manage your own DEX network.
How Loopring Works?
In the risk-free and low-cost Loopring system, relayers do not keep users' assets. You can catch order matches with minimum money on the platform. Therefore, you can start with a small investment and increase your earnings.
Set up relayers with existing cryptocurrencies on Loopring and increase liquidity by entering your own orders. As a result, earn more money as a market maker. Do you have trouble connecting? Do not worry. You can terminate this process at any time and your assets or your users' assets will not be adversely affected.
Orders placed on the platform are signed with the private key of the users, but orders do not hold the money in question. The orders are then sent to one or more relayers or shared in the liquidity sharing network, thus creating order books. Smart contracts of the Loopring protocol ensure the atomic transfer of tokens without risk.
Loopring distributes 20% of the transaction fees of all orders placed from wallets to wallets in real time as a reward. If you install Relayer, this share increases up to 80%, with a low risk and guaranteed by the protocol. So most of the transaction fees are up to you. If you trade as a market maker, you will earn all the margin and LRC trading fees. This means more money.
Where to Buy Loopring (LRC)?
You can buy Loopring (LRC) on the BINANCE exchange. LRC ranks 95th on the list of cryptocurrencies. About 942 million of the 1.37 billion LRC tokens are currently in circulation.
