Loopring: [LRC] A Deeper Dive

as cryptocurrencies make their way to the mainstream more and more traders are joining exchanges to get their piece of the pie loop ring is an open multilateral token exchange protocol for decentralized exchanges on the e theorem blockchain loop ring is intended to serve as a common building block with open standards driving interoperability among decentralized applications or adapts that incorporate exchange functionality trades are executed by a system of aetherium smart contracts that are publicly accessible for you to use and that any DAP can hook into loop ring is a decentralized automated execution system that trades across the crypto token exchanges shielding users from counterparty risk and reducing the cost of trading by pooling the liquidity of crypto currencies loop ring claims to be building the financial system of the future loop ring does not require members to send tokens to exchanges for custody tokens always remain in their blockchain addresses during the whole transaction lifecycle members can even transfer their tokens around after orders are submitted loop ring will automatically adjust trading amount at the initial price loop ring protects members from threats such as exchange bankruptcies and DDoS or distributed denial-of-service the loop ring mechanism allows an order break into small pieces identifies the best exchanges and times to trade those pieces on and applies game theoretical logic to optimize trading results loop ring was designed to be blockchain agnostic as long as blockchain has smart contract support loop ring can be implemented and all ERC 20 like tokens on such a blockchain can be traded under loop a loop ring offers benefits to both users and exchanges by deferring risk from both parties in decentralized smart contracts minimizing fees and cost to create more profitable orders through ring matching and order sharing and as a cross-platform protocol loop rings roadmap for 2018 looks amazing and I see it’s protocol being adopted not only within the ëthere iam based decentralized exchanges but also with the neo and cute tums blockchain building decentralized exchanges requires a lot of parts in place and is currently being built by several company and that’s where loop ring comes in loop ring is not partaking in the exchange business but has developed the protocol that decentralized exchanges use without getting too technical its protocol allows exchanges to swap aetherium or er c20 based coins with each other since 90% or more of the alt coins in existence are ERC 20 based the decision to focus on aetherium was clearly a wise one loop rings protocol also allows trading of non common pairs and helps with liquidity by executing trades with intelligence and lowers fees and costs while loop ring does have a technical advantage over its competitors the reason why I like it the most right now is that it has strong ties with the Chinese community and other crypto companies loop ring is a China based company that came on to the scene in 2017 the backers are incredibly loyal and strong the team is small but is composed of people who know what they’re doing loop ring CEO Daniel Wang has worked at Google jvcom and has held many other impressive jobs within Asia its CMO Jay Zhou has worked at E&Y and PayPal as for the advisors the biggest one has to be da Hong Fei which is Neos founder and CEO Daniel and da have been longtime friends for those of you that don’t know neo is considered the etherium of China it is the largest enterprise base block chain in China and in all of Asia by market cap loop ring will soon be developing its protocol for Neos blockchain as well as cute um which is another large enterprise block chain from China this is important as no one else is doing this when loop ring is done it will be air-dropping free tokens given to the holders of lrc free airdrops is a big deal since everyone likes free money this alone usually causes a huge rise in the price lastly it was rumoured that loop ring was brought in to help neo finish developing their next exchange specialty on some cross chain swaps this means that aetherium based coins can soon be swapped with neo based coins and vice versa if true this is extremely exciting the white paper is super super technical but worth at least a glance over and for Christ’s sake guys this is not financial advice go do some more research of your own and please do not depend on me to make your fortune I know most of you don’t and I really do appreciate you guys I certainly sense a great community here and I know you guys got my back let’s make 2018 a year to remember and as always thanks for watching


the following video is no financial advice this is just a regular guy talking about cryptocurrencies cryptocurrencies are very risky so do your own due diligence and always decide on your own behalf and only invest what you can afford to lose hello guys how’s it going and welcome to quite woke yo cryptocurrency channel as you all know the USP of this channel is to give you all important information in very little time so you don’t have to watch those 30 minute videos in today’s episode of Kryptos to watch other in 2018 we’re covering the sleeping giant and a very nice opportunity its new bring loop ring has the ticker lrc the circling supply is 286 million then the maximum supply 1.4 billion coins it’s an open source protocol to search exchanges for the best price for cryptos imagine you’re searching for specific crypto and loop ring gets you the best price this works full automatically using smart contracts and atomic swaps therefore it’s absolutely secure at the moment they’re only covering ERC 20 tokens but in the future it will be cross chain the targets are enable access to various exchanges and get you the best prices for the crypto s– they will also have an old trading wallet using the loop ring protocol if we look up higher market cap blueprints rank number 133 at the moment with the price of 36 cents and a market cap of 105 million when you bring it exchanges you could get it to approximately 10 cents afterwards despite a little bit it went down but altogether this crypto is still sleeping and the price of 36 cents is a steal if you have a look at the website you see it’s not that fancy and glamorous like other web sites but the amazing thing is the team this guy for instance is a former Google employee and this guy has been at PayPal and the advisory board is even more fantastic this guy here is the founder of neo so you can imagine how this project can spike so let’s get to the advantages this project is still way under valued it’s absolutely in the beginning phase and it’s an amazing idea and a powerful tool guys would you use it I would use it and the team is absolutely amazing especially the advisory board with the neo founder the disadvantages are that you have one point four billion coins but I’m pretty sure a lot of them will be burned let’s get to the price predictor as always no guarantee this is just a mathematical calculation to see what’s actually possible the supply is 1.4 billion the market share today 0.02 percent if the market kept in 1 year could be 5 trillion what is very conservative in my mind if you have a look at market cap development last year and to bring could manage to get a market share of 0.2% the price in one year could be 750 2/3 dollars this absolutely depends on how many coins will be on the market the return on investment would be 2000 to 8 thousand percent that’s absolutely stunning let’s get to the final evaluation the business model gets four point seven five stars a tool which searches for the best price for Kryptos is an amazing idea the possible growth gets 5 stars from 39 cents to maybe 30 dollars that’s absolutely stunning the team gets four point seven five stars especially the advisory board is amazing diplomate a shoe gets 4.25 stars at the moment it’s not fully integrated at the moment only ERC 20 tokens but in the future it will be cross chain other factors get 5 stars to me this project is super undervalued it’s an amazing opportunity you have a fantastic advisory board and if you have to look at Twitter and the social media of loop ring you see those guys are around with their very successful projects like nem neo and stuff like that so altogether it’s four point seven five stars to me who brings an amazing opportunity this could really change how people will trade in the future it’s a powerful tool an amazing team with a special advisory board and the price of 39 cents is a steal thank you very much guys I hope you enjoyed the video if you enjoyed it give me a like or just to follow if you want more of this content and if you think somebody else could profit off this video just share it to the world have a good one guys bye