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The NEO and Loopring Connection-Why You Should Invest Now! Uncategorized 

The NEO and Loopring Connection-Why You Should Invest Now!

first it says record good afternoon viewers of YouTube my name is Tyler of Chico crypto consultants and I’m here for you guys today to break down the weakened crypto a very interesting week Bitcoin hit forty nine hundred dollars last night and then we had a quick correction cracked it down and it’s currently sitting at the forty five hundred dollar range I think this is going to be the bottom I think it’s going to slowly climb and settle within the forty five to forty six hundred dollar range so the next thing I want to bring up is actually neo as many of you know I talked about it in the earlier video China has announced that they are going to regulate IC OS which is a big thing for the neo platform a lot of people think it’s a bad thing but I don’t think I think it gives legitimacy to IC OS and the neo platform and if it’s announced that neo is the platform in which I cos legitimate I SEOs will be Bo on from the Chinese government and not etherium we’re gonna see a massive price increase so one thing I want to bring up right now is actually a product in which the neo council has approved of and that product is loop ring so there hasn’t been much information around regarding loop ring so I want to help my viewers understand it a little more and figure out why they should invest in it so what is loop ring the problem loop ring is trying to solve it’s providing traders participants and institutions with the decentralized automated traded execution system that intelligently implements the trades across the world’s crypto exchanges and shielding them from the counterparty risk and reducing their costs of trading loop ring intermediate trust between block chains and exchanges allows trading members retain custody of their funds and initially this is going to be for the ERC 20 token of aetherium but there is plans to initiate it on the neo platform as well so loop ring is an open-source protocol not an exchange any any entity under the protocol can participate in order matching there are two types of loop ring exchange services service fees from which order matching system can make money off of the transaction fee and the ring matching cost saving fee in order to mode motivate order matching at the best price ring matching cost saving thief will be the main stream of income so is looping only for the etherium blockchain actually loop ring initially is going to just be for the theory of blockchain but they plan to move to all other block chains including neo and having mid the neo council as one of the members is a good sign that loop ring is going to officially move over to neo so loop ring is going to issue tokens using a crypto economic protocol mediated by the lrc token and the loop ring exchange is safer than decentralized exchanges and the reason is loop ring provides pure trust less atomic swaps and settlements of orders and mediates risks between the members and the markets all transactions clearing and settlements are completed through smart contracts on the blockchain since loop ring has to minimize the trading risk to zero and it looks like they’re moving all orders through smart contracts which will initially be done on top of the theorem but I expect neo if you jump on the ship very soon and neo is on the council Dom fans on the council so we’re going see it very quickly so next I want to talk about is actually the Neo price and the cup and handle formation we you can see if my predictions are correct right now is going to be one of the best times to buy the 29 to 31 dollar range is going to be the range in which it’s going to be the bottom of the cup so we’re gonna see the price kind of go like that and then it’s going to settle out for another 1 or 2 weeks and I would say our next big price rise is about two weeks out how much do I think that price rise is gonna be I would say we’re gonna go from anywhere from $30 we’re gonna hit probably upwards of 75 and then we’re gonna settle back down into the 5560 dollar range well I just wanted to give you guys a short video today about neo loupe ring which they already had their IC o—- and they raised 45 million I wish we would have I would have known more about it but the information on loop ring is very scarce out there it’s amazing because it’s not a decentralized exchange it’s actually a protocol in which smart contracts are initiated and that is how the exchange is done through atomic swaps so this could be a huge game-changer in my personal opinion and I think it once it hits in exchange it would be a great time to buy so viewers I thank you for watching me Tyler Chico crypto consultants have a great rest of your day

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