What is Loopring (LRC)

1. Project Introduction Loopring (LRC) is a Layer 2 scaling solution built on Ethereum using zero-knowledge rollups (ZK-rollups). It encompasses company operations, protocol development, a decentralized exchange, and the LRC token. Loopring aims to solve Ethereum’s high fees and low throughput, offering faster, cheaper trading through a non-custodial, order book-based DEX protocol. It preserves Layer-1 security while delivering a CEX-like user experience. Summary: Loopring leverages ZK-rollup technology to improve Ethereum transaction efficiency while maintaining security. It offers fast, low-cost order book trading and narrows the gap between centralized and decentralized exchanges. 2. Team & Investment Info Team: Founded in 2017 by Daniel Wang, a former Google software engineer. Current CEO Steve Guo entered the University of Science and Technology of China at age 15 and earned a PhD in computer science in 2005. He worked at Intel as an engineer and tech lead. In 2018, he founded Dora Network, focused on sidechains and interoperability, and joined Loopring in 2019 to lead zkRollup development. Funding: August 31, 2017: Raised $45M via ICO, laying the foundation for Loopring’s protocol development. 3. Social Media URLs X: https://x.com/loopringorg Telegram: https://t.me/loopring_en Medium: https://medium.com/loopring-protocol 4. Token Info Token Symbol: LRC Total Supply: 1,373,873,397.442 Token Type: ERC-20 Issuance/Burn Mechanism: Fixed supply Contract Address: 0xbbbbca6a901c926f240b89eacb641d8aec7aeafd Token Distribution: Foundation: 60.10% Circulating Supply: 20.50% Incentives Program: 9.50% Institutional Investors: 8.50% Burned: 1.40% 5. Related Links Official Website: https://loopring.org/ GitHub: https://github.com/loopring LinkedIn: https://www.linkedin.com/company/loopring/ White Paper: https://github.com/Loopring/protocols/blob/master/packages/loopring_v3/DESIGN.md