![Bowsers Castle by: YraX 100% (1 coin) (Mobile) Geometry Dash [2.2]](/uploads/2025/04/30/cryptocurrencies-news/videos/bowsers-castle-yrax-coin-mobile-geometry-dash/image-1.webp "Bowsers Castle by: YraX 100% (1 coin) (Mobile) Geometry Dash [2.2]")
-
Bitcoin $94,769.2347
-0.15% - Ethereum
$1,804.3384
-1.04% - Tether USDt
$1.0002
-0.03% - XRP
$2.2294
-2.54% - BNB
$603.6082
-1.14% - Solana
$146.8486
-1.23% - USDC
$1.0000
0.00% - Dogecoin
$0.1744
-3.08% - Cardano
$0.6962
-2.47% - TRON
$0.2439
-1.36% - Sui
$3.5756
-0.49% - Chainlink
$14.5560
-3.98% - Avalanche
$21.6009
-2.19% - Stellar
$0.2770
-1.95% - UNUS SED LEO
$9.0414
0.47% - Toncoin
$3.2178
-1.85% - Shiba Inu
$0.0...01335
-3.39% - Hedera
$0.1857
-2.70% - Bitcoin Cash
$363.3477
-2.22% - Polkadot
$4.1231
-4.16% - Litecoin
$85.1149
-1.54% - Hyperliquid
$18.3915
-3.05% - Dai
$1.0001
-0.01% - Bitget Token
$4.3859
-1.07% - Monero
$275.5995
-0.92% - Ethena USDe
$0.9995
-0.01% - Pi
$0.5836
-3.48% - Pepe
$0.0...08876
-1.52% - Aptos
$5.4067
-3.49% - Uniswap
$5.3285
-2.82%
When was Loopring(LRC) coin issued?
Loopring's (LRC) native token, LRC, was issued on August 29, 2017, as part of an initial coin offering (ICO) that raised $45 million.
Dec 07, 2024 at 04:55 am
When Was Loopring (LRC) Coin Issued?
Introduction:
Loopring (LRC) is an Ethereum-based decentralized exchange (DEX) protocol that aims to provide high-speed and low-cost trading experiences for users. Launched in 2017, Loopring has gained significant traction within the cryptocurrency ecosystem, offering a viable alternative to centralized exchanges.
Key Points:
- Loopring (LRC) coin was issued on August 29, 2017.
- The coin offering followed an initial coin offering (ICO) that raised approximately $45 million.
- LRC serves as the native token of the Loopring protocol, facilitating various functions within the ecosystem.
- Loopring's technology allows for faster transaction processing and reduced fees compared to traditional exchanges.
- The protocol has partnered with various industry players, including exchanges and wallet providers, to expand its reach.
Origins and Issuance of LRC Coin:
- Conception and Development: Loopring's origins can be traced back to 2017, when the project's whitepaper was released. The whitepaper outlined the vision of a decentralized exchange that could address the limitations of existing centralized platforms.
- Initial Coin Offering (ICO): On August 29, 2017, Loopring conducted an ICO, offering LRC tokens to early investors. The ICO was successful, raising approximately $45 million in funds to support the development and launch of the Loopring protocol.
- Coin Distribution: The LRC tokens were distributed to participants in the ICO based on their contribution levels. Following the ICO, LRC was listed on various cryptocurrency exchanges, allowing investors to trade and speculate on its value.
Role of LRC Coin Within the Loopring Ecosystem:
- Governance: LRC token holders have governance rights within the Loopring ecosystem. They can participate in voting on key decisions related to the protocol's development and direction.
- Trading Fees: LRC is used as the fee token for transactions on the Loopring DEX. Traders pay a portion of their trading fees in LRC, incentivizing network participants to provide liquidity and maintain the exchange's functionality.
- Staking: LRC holders can stake their tokens to earn rewards and support the security and performance of the Loopring network. By staking their tokens, holders contribute to the validation process and receive a portion of the network's transaction fees.
- DEX Infrastructure: LRC is essential for the operation of the Loopring DEX. The protocol leverages a network of nodes, known as orderbook relayers, to provide liquidity and facilitate trading. LRC is used to compensate node operators for their services.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- FLOKI Appears to Be on the Verge of a Major Breakout as It Continues to Hold Firm Above a Key Support Level
- 2025-04-30 15:15:15
- After Adding 5,000 BTC to Its Balance Sheet, Metaplanet Enlists David Bailey to Join Advisory Board
- 2025-04-30 15:15:15
- XRP price manages to retake the $2.3 level
- 2025-04-30 15:10:13
- Token2049, one of the biggest events in the crypto market, will run on Wednesday and Thursday in Dubai.
- 2025-04-30 15:10:13
- Dogecoin (DOGE) Price Prediction: Will the Dog-Themed Meme Coin Breakout to $0.20 Soon?
- 2025-04-30 15:05:13
- Major Token Unlocks Are About to Happen
- 2025-04-30 15:05:13
Related knowledge
What to do if DEXE transactions encounter slippage? How to reduce losses?
Apr 30,2025 at 03:00pm
When engaging with decentralized exchanges (DEXs) like DEXE, encountering slippage is a common issue that can affect the efficiency and cost-effectiveness of your transactions. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. This can occur due to market volatility, liquidity issues, o...
How to export EOS transaction records? What data is required for reconciliation and tax reporting?
Apr 30,2025 at 12:22pm
Exporting EOS transaction records and understanding the necessary data for reconciliation and tax reporting are crucial tasks for anyone dealing with cryptocurrencies. In this article, we will delve into the detailed process of exporting EOS transaction records and highlight the essential data required for reconciliation and tax reporting. Understanding...
What are the recommendations for EOS exchanges? What should I pay attention to when choosing a platform?
Apr 30,2025 at 01:57pm
When it comes to trading EOS, selecting the right exchange is crucial for a smooth and secure trading experience. EOS is a popular cryptocurrency known for its scalability and speed, making it a favorite among traders. This article will explore the top recommendations for EOS exchanges and what factors you should consider when choosing a platform. Recom...
What are the EOS short-term trading skills? How to quickly seize the volatility opportunity?
Apr 30,2025 at 02:49pm
The EOS cryptocurrency, like many other digital assets, offers ample opportunities for short-term trading due to its volatility. To effectively engage in short-term trading of EOS and quickly seize volatility opportunities, traders must equip themselves with specific skills and strategies. This article delves into the essential short-term trading skills...
What are the Maker (MKR) short-term trading skills? Is it suitable for intraday operations?
Apr 30,2025 at 01:42pm
Understanding Maker (MKR) and Its Role in the Crypto MarketMaker (MKR) is the governance token of the MakerDAO platform, which is a decentralized autonomous organization on the Ethereum blockchain. The primary function of MKR is to govern the Maker Protocol, which includes managing the Dai stablecoin. MKR holders have voting rights on various aspects of...
Is Maker (MKR) OTC trading safe? How to avoid being scammed?
Apr 30,2025 at 02:36pm
Is Maker (MKR) OTC trading safe? How to avoid being scammed? Over-the-counter (OTC) trading of cryptocurrencies, including Maker (MKR), has become increasingly popular among traders looking for more flexible and private trading options. However, the safety of OTC trading, particularly for assets like MKR, raises significant concerns for many potential t...
What to do if DEXE transactions encounter slippage? How to reduce losses?
Apr 30,2025 at 03:00pm
When engaging with decentralized exchanges (DEXs) like DEXE, encountering slippage is a common issue that can affect the efficiency and cost-effectiveness of your transactions. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. This can occur due to market volatility, liquidity issues, o...
How to export EOS transaction records? What data is required for reconciliation and tax reporting?
Apr 30,2025 at 12:22pm
Exporting EOS transaction records and understanding the necessary data for reconciliation and tax reporting are crucial tasks for anyone dealing with cryptocurrencies. In this article, we will delve into the detailed process of exporting EOS transaction records and highlight the essential data required for reconciliation and tax reporting. Understanding...
What are the recommendations for EOS exchanges? What should I pay attention to when choosing a platform?
Apr 30,2025 at 01:57pm
When it comes to trading EOS, selecting the right exchange is crucial for a smooth and secure trading experience. EOS is a popular cryptocurrency known for its scalability and speed, making it a favorite among traders. This article will explore the top recommendations for EOS exchanges and what factors you should consider when choosing a platform. Recom...
What are the EOS short-term trading skills? How to quickly seize the volatility opportunity?
Apr 30,2025 at 02:49pm
The EOS cryptocurrency, like many other digital assets, offers ample opportunities for short-term trading due to its volatility. To effectively engage in short-term trading of EOS and quickly seize volatility opportunities, traders must equip themselves with specific skills and strategies. This article delves into the essential short-term trading skills...
What are the Maker (MKR) short-term trading skills? Is it suitable for intraday operations?
Apr 30,2025 at 01:42pm
Understanding Maker (MKR) and Its Role in the Crypto MarketMaker (MKR) is the governance token of the MakerDAO platform, which is a decentralized autonomous organization on the Ethereum blockchain. The primary function of MKR is to govern the Maker Protocol, which includes managing the Dai stablecoin. MKR holders have voting rights on various aspects of...
Is Maker (MKR) OTC trading safe? How to avoid being scammed?
Apr 30,2025 at 02:36pm
Is Maker (MKR) OTC trading safe? How to avoid being scammed? Over-the-counter (OTC) trading of cryptocurrencies, including Maker (MKR), has become increasingly popular among traders looking for more flexible and private trading options. However, the safety of OTC trading, particularly for assets like MKR, raises significant concerns for many potential t...
See all articles
