welcome to the show everybody super excited to have with us today Daniel Daniel is the CEO over at loop ring of course one of the hottest projects out there at the moment Daniel welcome to the show Thank You Alaric and we’re glad to be here so for anyone who hasn’t heard about loop ring yet can you tell us just quickly what is loop ring and what do you do sure a loop ring is a protocol for year C 20 token exchange which combines the offline of chain other book and a unchain settlement protocol smart rock contract so is a protocol that can be deployed on top of ether theorem as well as other public block chains as long as they are capable of running smart contract and they have some token standard okay great so this this would apply across most block chains then yes but how to clarify one thing many people didn’t read the white paper they think loop ring is a cross chain protocol which is not true we are really interested in thick digging into this direction of research we have a partner that we will announced in probably January with a very famous University with a professor who is also very well known in this block chain crypto area so we are going to do some research over there but right now for the first version I think we’re going to focus on just one single chain to facilitate all the tokens trading with each other and not cross chain mm-hm raus chains art and a lot of people are trying to make that happen but in chain okay cross chain that’s kind of the the the golden standard for what is sorry that problem takes more than one team you know to accomplish that’s it so with the with the loop ring protocol you’ll be able to exchange atheria mini RC 20 tokens you’ll be able to exchange neo and other neo based tokens you’ll be able to exchange for example nem and M based tokens do you have any will you be able to operate on the nem blockchain not I cannot tell right now that our first priority is still in Syria because we live it has the biggest ecosystem right they have a lot of tokens and we are going to implement it roping on top of neo and quantum as the second step maybe starting from a January if we have bandwidth we are going to explore maybe EOS some other blockchains but it depends really depends on you know how much work we can yeah absolutely there’s only so much time in the day of course fantastic now can you tell us exactly how does the LRC token work what is the utility of it I mean they are C is going to be used as a fee to pay for the miners the ring miners not theorem note miners as so there are two ways to pay the ring miners the first one is used IRC as a constant percentage of the value of the entire outer right the second one is called a margin slate if you submit other and the reminder finds a the other order that can fulfill your order with a better price and you can buy more target token or you can save more with your pain buying token right and then you can split this saving cost saving all the profit wisdom and so in that case you don’t have to pay ever see and actually you will can’t ever see because the manual will pay you the other submitter pay they’re paid on the error c2 by the right to get the murder displayed so during a trade our RC is going to be paid this way or the other way around so it’s also going to increase the liquidity very cool very cool and I think that’s really good to note as well there are opportunities to earn with the coin as well so it’s not just you know something that you hope the value goes up over time of but actually there are ways to earn with loop ratings ooh now can you tell us a bit about the beta and what’s going on with that we almost put all the features in the beta right now so let me say we have something that is not going into the beta which is the support for the ERC truth 23 standard that one is going to be in the 2.0 release so the release 1.0 is going to be how full support for IRC 20 we are going to officially deploy this 1.0 version maybe at the beginning of the next month so we are going to release a new version this weekend the beta 4 release train one week later and most two weeks later the final one point already is going to be there very cool so lot lots of things happening the development is moving forward and that is very cool that’s very cool it’s very exciting to see projects where things are happening all the time it’s very exciting indeed now there’s a lot of talk on the reddit boards and across social media in general if everyone just says you know loop ring neo what’s the connection can you tell us a little bit about what your connection is with the guys over at neo if there is any connection at all yes I think we have a very good relationship I know Donghae the founder of neo even before he founded this great project so so at that time is called engineer or something like that so we talked a lot during that time when I also had my own a company called a coin part which is a centralized exchange right this is like a Beatrix and they know and so I know him pretty well and I like it very much I like this conversation personally I really enjoy you know talking mm eh and his team we share a lot of common belief even the looping project is is also inspired by some ideas that Stockholm free had professionally I think we are going to have a very strong partnership but I cannot tell much of the details because we are still figuring out the details yeah and I think it’s a good idea for neo to have multiple protocols deployed on top of it right because you can also say this one is the officially one that that one is not the official or not supported bad team as the ecosystem I think Neil needs some competition in any area right protocol at the ABS we think we are going to be doing really well in on top of Neil and I think Neil is very unique with this Chinese background this huge market it has a lot of potentials very cool very cool it’s a I think there’s a really great development space going on around those different projects and your project and what neo is doing other projects around there so I think there’s a really cool meeting of minds happening and I I think it’s great that you’re involved with the guys over at neo but the important thing is like you said it’s a protocol loop ring can go on top of neo can go on top of aetherium not that uh you know you’re putting all of your cards on one blockchain by any means you know it’s that’s what’s great about loop ring it’s a protocol it’s not a solution for just one thing you could go to many different places yeah we have a strategy of not only implementing looping on top of one block Chander our strategy is to implement it to implement block protocol on top of the top file 210 block chains so in the long run you know it remains the best way for now right but who knows which is the most successful plug-in failures so as a protocol you need to you know get less risk right yeah very cool now your protocol will allow for the basically decentralized exchange of assets have any exchanges actually come forward and said we want to be involved with you yet or are are you in talks with any exchanges at the mod I know of course can’t mention a names but is that something that’s kind of going on in the background yes there are several exchanges they have expressed their interest in loop rain and they are trying to explore this protocol they invited the meet who talked to their team and there is a big one a big one you know in the in the list but the the hammer is said to me that they really got to do this because we have to tie our capability without time that this protocol can be used with our own wallet right to make them you know to make them believe that this is really ready for production use of course that it has to be working flawlessly in order for these guys to basically put their reputations on the line as the a usable exchange that this is gonna work and the work the way they want it to work yes I think exchanges is going to be the second wave of integrate to integrate Lauren because wallet they are going to integrate with Laureen I think much easier much faster than the exchanges because exchanges they have a way of making money right but bonus they don’t have bihter kaswell right now and by integrating with looping they provide a entry point for their users to not only transfer money receiving money that you can also submit others who do this to do this trade right and that will actually compete with exchanges to grab the user from big cities – yeah – the earth yeah so I think that’s the mentality and I love that I think it more Wallace adopts looping then exchanges will be more waiting to talk to us or talk to other protocols all right very cool very cool it’ll be really interesting to see how the space develops I know that for example köppen HUD and Finance obviously both East Asian projects are not decentralized but they want to be decentralized so it’ll be interesting to see if any partnerships happen with them or of course with any other big exchanges out there as well now you’re not the only protocol in the space obviously we have a X for example they are working on a protocol as well how would you say you compare with the competition well first of all I think this market is green so rapidly it has a lot of room for modern just one protocol right loop ring as seen from the design perspective from the infrastructure perspective is more the worst than the other protocols that I have seen Xerox is very inspiring I learned a lot from Xerox design I think compared to loop in Syria 0’s lacks in the ability to you know to automatic trainings so you have to be online to take the counterparty order to get fulfilled right and if that part can be resolved I would say 0s is going to become just like blueprints if that product is out so I don’t know sir X has a advantage of you can just can’t take order to to mass so this is going to be if I know a friend he’s going to trade with me you know we can just we don’t need a third party to be to be involved to help us to the trade it that’s cool right and it’s very easy to understand a loop ring is more like solving the problems that current exchanges have in not just what everybody has a friend yeah exactly so I think we are going to see you know who is going to win out but we have the confidence I think they are three or four months ahead of us in terms of completing the ico you know the research development but we are with working really hard we are we have 12 engineers we have a sir we have a team of 10 12 people and 10 we really lucked out and show the community what you can do with our product and our very cool very cool now I saw that you recently have struck a deal with the company called MLG blockchain can you explain a little bit what does that partnership mean for loop ring and how’s that gonna work as I mentioned we have a really small team and most of the people are engineers we have only one marketing full-time for international marketing operation we have only one for China market specifically so we need more people to work on marketing on operations but we really don’t get this core team really huge I like small teams because the you know the conversation is really efficient and from the cost perspective AI want to reduce cost so so the idea is to partnership with other companies who were strong in crypto area in marketing so we select one magrunner in north america we have another partner in China with me in the future to form another partnership in Europe in South easier Korea Japan so that’s the that’s the way we are going to do operation and marketing because as you know a lot of team they have pretty good marketing team but in the long run these people are going to leave if they make a lot of money right they are not going to I mean I think any crypto project the dirty Murr is going to be sooner or later decentralized including the development team so I don’t want we’ll have a very large team several offices all over the world you know from the Contra stuff it’s not very smart so that’s that’s the way to go very cool very interesting actually and the final question I want to ask today is looking forward towards the roadmap and towards future development of looper and what is the thing that maybe makes you the most excited or that you’re looking forward to the most in the future development of loop ring well that’s a good question actually a few really exciting everyday that’s that’s a good way to go to work isn’t it I feel the same way if you look at the github repository I contributed myself maybe 2/3 of the protocol code and maybe half of the wallet code so when I implement those features in our smart contract you know early wallet I just get more confidence you know so I really enjoy this dislike this work and next year will be more exciting especially the first half year I think we are going to release 2.0 the new version to support ERC 12 to 23 we are going to release or even do a small ICO for Neal or quantum I don’t know how to do that we are going to distribute new air RC tokens on top of other block chains which we called our RC x tags is something extra distribute the majority of those new tokens to current token holders so we have a lot of work to do and we are going to see whether this protocol will fly or not we don’t know yet but regulat is because this crypto world is like crazy every day is a different day right yeah it’s always an adventure well that’s great Daniel thank you so much for taking your time to talk with us I know everyone’s been really excited about I know you’re a busy guy so I wish you to have a lot of fun while you’re over there in America hope you’re making some good partnerships then we really are gonna be watching loop ring closely for the future developments as they move forward thank you lord thank you for our time I’m really glad to be here
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
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
hi I’m becoming Benny welcome to another episode of your daily fix for Bitcoin news I’m a trader a long-term holder and I’m here to make you a lot of money hey guys welcome back to another episode of Bitcoin Benny today we’ve got a very special episode we’re actually looking at loop ring so we’ll have a little bit of an in-depth look at that and why I invest in why many others of you have and why you should if you have not already before we do that I just like to recap the thousand dollar giveaway that we do every month it is closed we had 10 participants for those of you who don’t know it is effectively a trading game you choose five coins each we put a fictitious value against that and the person who has the highest value at the end of the month wins $1,000 worth of Bitcoin or whichever altcoin they want so a big shout-out to swashy Mina who is currently leading second place are just behind is Isaac D and it’s still a very tight race all round so good luck we will remind you at the end of the month good job now on to loop ring very important coin because of what it’s actually doing and where it’s trying to go in the space so let’s start by having a little bit of a look at the coin market cap when I first told you about this coin it was around 6 cents on the 26th of September and it had about 700 million coins in circulation if you go into coin market cap now you will see that it has approximately 286 million coins which is a huge decrease in circulating supply only makes it more valuable why as you know a lot of the Chinese coins were made to refund their customers from the ico that has been done and those coins are no longer in circulation so that’s a really good win for the people that are holding the coin if we have a look at the team we have experience in Google and also PayPal which is obviously some big-name companies which gives people a little bit of confidence but if we scroll down and have a look at who the advisors are that’s where things start getting really interesting da Hong Fei the CEO of neo formerly an shares is an advisor which gives this company even more kudos and it gives us a little bit more faith as investors all right what is loop ring a lot of people get it wrong it’s not an exchange it’s an open-source protocol what it does is it allows you to swap it allows you to go across different exchanges to purchase coin so let’s just for example say you wanted to buy a pair of shoes it’s as though it looks across 10 or 12 different markets and finds you the best price for those so it saves you’re having to go into coin market cap and scroll down and have a look at all the different markets and and what they currently cost this allows this to happen automatically for you which is a big win a lot of people say is it safe it’s definitely safe it uses smart contracts and it also uses atomic swaps for those of you not in the know atomic swaps are the it’s the buzz word at the moment I would thoroughly suggest you research those because there’s a few companies doing it and it’s a very exciting area of the industry what also happens is at the moment it’s for ERC 20 coins but soon it will be cross chain if you research what cross chain is this is going to be the biggest buzzword of the fourth quarter as we especially nearing the end of the year it’s going to be really fantastic it’s going to be everybody is talking about cross chain so this coin has a lot of things in its advantage and in its favor the other thing that’s really important to understand is it actually has in its roadmap in November it actually issues its code for the smart contract so once it issues the smart contract you’ll find that it has a lot of buzz around there’ll be a lot of hype around and I would expect the coin to saw some of you who had invested got out and sold for healthy profits it did reach in the mid 20 cents by being very honest have stayed in and the reason I’ve stayed in it’s currently at about sixteen point one cents at the time of recording is because of what lies ahead and because of what they’re trying to do with the team that they have with the backing they have and what they’re actually trying to do I think this coin is a home run and is worth holding on to very rarely would I invest in a coin see the returns that this coin has provided and still be in at almost the exact same level as I invested in in the beginning so that just shows you the confidence that I have in this coin so I hope that explains a little bit more about loop ring if you’ve got any questions or you want to see us review any other coins please let us know don’t forget to Like and subscribe we also have telegram Facebook Twitter and in the beginning of November we will be starting the next 1,000 dollar giveaway so make sure you like make sure you subscribe and do yourself a favor if you don’t have loop ring yet make sure you go out and buy some now I dare say that these prices you will not see again for a long time thanks for watching see you next time for another episode of Bitcoin Benny [Music]
what’s going on guys crypto lurk here today we’re gonna be talking about you bring very exciting stuff from looking at what they’re doing with the team what competitions like just what the heck loop ring actually does all that and more after a quick shout out everyone who has been hitting that like button of course to all the subscribers new and old and if you’re not subscribed yet there’s a button right just down below there go ahead and hit it up and of course if you want to up your support you can always follow me along over on steam at comm or become a patron over on patreon of course big shout out to Ben Tao the newest patron over there on patreon really really appreciate your support thanks so much for that and of course quick disclaimer guys this is not professional financial advice this is just a dude talking about crypto currencies well let’s get into it so what the heck is loop ring and what does it do decentralized exchange and open protocol loop ring is a protocol and that’s that’s the thing we can’t even mind here they’re not setting up an exchange there will not be a loop ring exchange they are facilitating exchange in a decentralized manner it is a back-end product essentially you as a user probably won’t even realize you’re using loop ring when they start operating for different decentralized exchanges but you will be using looping technology it’ll be like a lot of other programs that you use potentially every day but you don’t even know you’re using them because they’re all back office kind of things and loop ring is gonna be one of those very things now it’s a very interesting project and they do are aiming to do a lot now one thing that is very important to point out as potentially limiting factor at the start is they’re only dealing with ERC 20 tokens so etherion based tokens loop ring itself is in the IRC 20 token now look the big thing we have to keep an eye out here for is this they have some really good partnerships obviously was cute um and neo now cute um is trying to put itself between you know Bitcoin and aetherium so it their long-term plan is to be operational with every blockchain obviously and photos like this one here hanging out the nem dudes over in Shanghai it’s coming it’d be nice to see actually if nem was one of the first block chains they get in with that would be great for nem great for a great for loop ring as well so pretty cool pretty cool photo like that now look we need to get in some of the details here of how it actually works basically your money will not go on an exchange with decentralized exchanges instead you will transact outside of the exchange now this helps defer risk for basically everybody involved at first risk for the exchange it defers risk for you as well you keep the money in your account and you trade out from there there’s a lot of other bonus bonuses that come with us as well things like ring matching which really is about a pooling of orders in order to lower exchange fees that’s a quite simple way to look at ring matching very actually very powerful you know order sharing as well so this would let you do things like say you want to get ten aetherium for example and you’re buying that with your loop ring let’s say now look if you go to just one exchange you’re basically stuck with the price that’s at that exchange but with order sharing and the the whole concept of loop ring you would actually be able to get the best prices at ten different exchanges so okay you buy someone’s got some aetherium for sale over on bitshares for example and you buy some over there but the next best price actually is not on bitshares it’s over on by Nance and so you you get some from there and so you actually it goes back and forth and get you the best price around the exchanges I think that’s really fantastic because sometimes you see the arbitrage going on between exchanges and there can be pretty big differences in some coins sometimes so it actually really good if some to see this protocol that actually goes above that and helps really alleviate this pressure on traders trying to find the best pricing on the exchange which is kind of crazy so obviously this in the end means more profit for traders minimized fees helps eliminate counterparty risk as well now counterparty risk what the heck is counterparty risk counterparty risk is the the problem of the other party not holding up to their contract now not such a big problem when you go to like bit wrecks for example but there are situations in which that could be problematic on such a decentralized trustless exchange area and so they seek to alleviate that as well setting everything up in smart tracks court smart contracts come read through the white paper they give a lot of details about how those kind of smart contracts work what happens with timeouts and different things like this so it’s a very very smart clever white paper you know tough to read it sounds very technical but it’s well worth reading if you are interested in investing in loop ring do come over here and check it out it’s actually quite interesting what they’re trying to do fairly active social media which of course always to be appreciated the guys over at loop bring Orkut launching something called this is this is hilarious the Fellowship of the Ring it’ll of course be officially funded by the loop ring foundation now this is in as they say in the same spirit of the city of Zion so this is a basically a community of developers working on loop ring trying to attract those open-source developers to their platform and they’ll of course be rewarded in loop ring tokens so that’s great I’m really happy to see that so if you’d like to you know get in the council and defeat defeats our on and you know takedown Mordor get amongst the guys if you’re a developer a lot of great opportunities out there for developers in the crypto space you know a lot of crypto companies that are giving out awesome rewards of course in their coins you know neo is always giving out fantastic rewards for example and a lot of other a lot of other coins are too so loot brings just one of the many one of the many giving out a bi-weekly developer update I really like coins that stay active and update people want the heck’s going on and say hey we’ve been doing this check this out appreciate it guys appreciate it team’s pretty sweet a lot of guys X Google X PayPal really good in that space but everybody has got the most excited about this because of who some of the advisors are oh who’s this guy da Hong Fei oh he’s the founder of knio knio knio this is obviously caused a lot of stir in space and i think is one of the reasons why people are really putting themselves behind loop ring and getting excited about loop ring because obviously neo is a fantastic project everyone’s super excited about new a super bowl a’shawn neo and to see you know da Hong Fei being an advisor to this of course fantastic the other advisers are good too but obviously the name everyone look is looking at here is dog Fei and so he’s added a lot I think to the credibility of this entire project roadmap pretty simple pretty simple obviously at the moment they are just looking at trying to get listed on exchanges we’re gonna talk about some of the drama with that here in a minute but still next year still a lot of stuff coming for them open source ring mining software and they haven’t you got a wallet yet guys but they want to watch that launched launched their own trading wallet with the loop ring protocol watch out for that to come that’ll be great when it happens it will to trade all of your ERC 20 tokens off of their wallet he using the loop ring protocol that’ll be a powerful tool still a lot to happen with loop ring they’re just getting started guys they’re just gonna started now I’ve covered this in my news video the other day but I thought this is worth covering again because the city of Zion are going to be launching something called the neon meta exchange the neon meta exchange now this is going to be done in collaboration with the guys over at loop ring very interesting very very interesting so keep an eye on that project keep an eye on that project right there guys now loop ring another one of those projects that came out the exact wrong time they basically launched and then a few days later the whole China thing happened and so for example they were delisted from by Nance per the request a loop ring team because of course they needed to keep in line with Chinese regulations and of course so did by Nance have to keep in line with Chinese regulations so they a delisted from by Nance and unfortunately they haven’t been relisted there yet hopefully would see that at some point in the future but after China canceled its I SEOs all the recent I SEOs had to basically you know refund the investors and they got D listed some other new favorites like Tron for example got hit by that as well which is unfortunate but this is what happens to China guys miss China I like that in the white paper they go to a lot of effort to actually talk about other decentralized protocols and basically what the problems are with those and then how loop rings going to improve on that situation so they talk about bitshares and of course bitshares it’s taken a real hit recently of the decentralized exchange but they also talked about Oh X protocol which is probably the most similar to to loop ring so I like how they actually go through and say hey you know what here is why basically we’re better than no expert at all so for example limitations like only being able to accept OTC orders having unclear competing mechanism of different exchanges and lacking a protection mechanism for Myers so interesting interesting a hundred million dollar market cap a course for the O X protocol so they’re not doing bad by any means over there and of course they talk about why they’re better than vainqueur as well again you guys come over here and check out check out the white paper and read through the details if you’re interested in learning a bit more about some of those specific details but why they think they’re better if you are a loop ring protocol holder there’s an interesting opportunity they have going right now it’s called the long term incentive program if you want to get yourself some loop ring and if you want to get it earning interest for you you can invest in basically a deposit so you deposit your money with them for a period of between eighteen and thirty six months from the time the original apposite and they will pay you out an interest payment on that interesting and then of course you’ll get your deposit back after the 18 to 36 month period whatever period you decide to invest for that’s an interesting opportunity it’s currently being offered it will run out the midterm incentive program for example has already been suspended but the still opens participation for the long term project if that’s something you want to get involved in now look there’s a 1.4 billion of these in total supply only a small portion currently in circulating supplies so we will see over time more and more of those come in market cap is only at 52 million at the moment which isn’t super high remember o X protocol is almost at a hundred million bank or is almost at a hundred million as well these protocols seem to be very popular at the moment obviously this kind of back-office technology will be institutionally important and a massive way for decentralized exchanges of course I suppose the question be why would decentralized exchange is simply not to implement this very technology themselves why do they need loop ring but you might say the same about a lot of different software programs why why don’t you just develop your own software well why would we when someone else has already done it so perhaps that’s something you keep in mind as well if you’re gonna be investing in loop ring although it’s very interesting project I really really do like it although it’s you know it’s it’s not one of those things would you use this is this something that in your day to day life well I’m gonna go use my loop ring well maybe when they have the wallet going actually when they have their exchange wallet going that’s a potentially very powerful tool and a real game-changer in the space actually you wouldn’t even need to go to an exchange just trade straight out your loop ring wallet when they get that going wow very early days for loop ring potentially a really good time to invest obviously not trading on too many exchanges at the moment because of course it has been delisted from for example finance but straight enough exchanges at the moment seen a bit of an up see down Z and it’s trading so far course bit back down if you’re gonna try and pick yourself up some loop ring I just say you can probably get it back now at these prices over here which is sort of around the 1,500 Satoshi mark not too far away from that we’re at 3,000 so she’s currently may not go back down that far though it really may not go back down that far but if you take this on a long-term perspective remember most of this stuff isn’t even coming out till next year if you really want to go big get yourself some loop ring get a few thousand of them take them up on that investment offer throw them in eighteen months later come back collect your money with a bonus and by then loop ring should have actually taken off their wallet will be out they’ll actually be implemented in some different exchanges using their protocols so that would be my recommendation with this one if you are gonna get involved take them up on their offer but you got to keep in mind your money will be locked up for 18 to 36 months whatever you decide to have it locked up for so that’s something to keep mine as well but otherwise very project loop ring guys what do you think about loop ring hit me up down below be really really curious to see what you guys think about this too much risk because it’s a cuz it’s Chinese I don’t think so I think it’s gonna do ok really interesting tech idea here so guys that’s all from the crypto LARC thank you so so much for tuning in long live the blockchain and peace out till next time guys
hi guys is Tom here from crypto-jews calm and in today’s video I want to talk to you guys very briefly about a very exciting project that we’ve recently come across called loop ring and we also want to explain despite how promising this project is why we wouldn’t be investing in it right now so if you’re interested to hear more keep watching the first thing to start off with is what is luring and how did we find out about it well the reason that we found out about blueprint is because we’ve been going through the market trying to find undervalued coins and the concept behind the project is pretty incredible now I’m not gonna go into too much depth in this video about what loop ring actually is because we’re so excited about the concept we’re gonna cover an extensive review about it very shortly well we’ll go into a lots of detail but for now just to keep it brief for you guys it’s essentially a protocol the decentralized exchanges can use now I know that probably sounds very confusing to many of you so the easiest hubs to put it into is that looping are providing a service which can make these centralized exchanges better now there is a massive oversimplification but we do extensive review we’ll talk more properly about that the idea of that alone is pretty incredible if you’re a subscriber to our channel you’ll know that we think these centralized exchanges could have an incredible 2018 so a project which is aimed at improving them could certainly be an incredible project itself why are we saying we wouldn’t invest in them we’re big fans of the project after all essentially we found this project in the market and we saw a ridiculously low market cap we thought this is an incredible opportunity with less than 100 million on their market cap and being ranked number 203 for a project which sounds like it has so much promise it seemed almost too good to be true and that’s because it was now once again we want to keep this video short so we’re not going to explain exactly what a market cap is you click on the top right now though you can watch a previous video of ours which explains what the market cap is sted we’ll just highlight the very important points around in the market cap which is that the lower the market cap is the cheap of the project is and obviously that’s relevant here because when we found this project the Soraa only had 98 million dollar market cap the lower hundred we thought this is incredibly cheap and in fact we were considering investing ourselves until we did a bit of background research now the number that’s very important here is the circulating supply which as you guys can see is 60 2.4 million and this is where coin market cap have made a mistake and put the wrong number which has given a false market cap to explain what we mean by this we’ll do a brief calculation on the screen which will show you how you calculate market cap an essentially market cap is the circulating supply multiplied by the coin price so if we take the circulating supply as roughly 60 2.4 million we times it by 1.58 because that’s the amount it cost per coin we can see the result is ninety eight point five million dollars and that’s very important because when we were doing our background research on blueprint we came across a few threads on Reddit discussing the coin market capital e given the wrong circulating supply so if you guys see this on the screen as you can see this is an official document from Lou print they actually show the circulating supply is instead seven hundred and thirty four million so it’s not the sixty-two million that coin market cap and listing here nuprin are actually showing it as the seven hundred and thirty-four million so why does any of this even matter well if we calculate the market cap again but with these new numbers so let’s take the seven hundred and thirty-four million and we copy this and times this by one point five eight will see this new market cap of 1.15 billion not 98 million it’s one point one five nine billion in other words coin market cap have listed the wrong circulating supply and from that they’ve calculated the wrong market cap so they’re showing the blueprint project overall as being less than one tenth of their true value and that’s why we’ve made this video because we want to bring this to everyone’s attention you may think that the project is worth one point one six billion dollars and choose to invest anyway in fact it’s such a promising project I wouldn’t disagree with someone who said it was worth that much but the reason that we wouldn’t personally invest at this time is because we’ve seen a similar situation occur in the past for some of our older subscribers it was our video about costs well when we put the video out about costs there was a market cap of 2.5 million for the project they turned out the coin market cap had actually messed up with the circulating supply and instead they had a true market cap of 12.5 million dollars and very soon after coin market cap updated their circulating supply which raised the market cap up to the true value of 12.5 million a coin price depreciated very quickly so we would be concerned about something like that happening in this scenario again personally our plan is to not invest in loop ring at this particular time because we do suspect there could be a sell-off when everyone knows about this information and when token prices get cheaper that could be a different story that might be the time that we would jump into this project but anyway that’s the end of the video guys we just wanted to let you know this information annex our personal position on loop ring this has been a very brief one today compared to our usual extensive reviews so I hope you guys have enjoyed it if you’re not a subscriber yet make sure you hit that subscribe button also check out our top 7 crypto a 20-18 video because it’s been surprisingly popular and it has over 60,000 views at the moment and on that note i want to say a massive thank you to everyone who has watched that video and subscribe to recently we’ve blown away by the amount of feedback that that video has had been absolutely amazing for us to watch the channel grow so thank you guys very much for that and I look forward to speaking with you guys are very soon
In today’s episode of Crypto and A Cold One Tyler talks with founder and CEO of the Loopring Protocol Daniel Wang. Interesting discussion including ETH, QTUM, NEO and even game theory!
I won’t take your hard earned NEO or Gas 🙂
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