Loopring

Loopring(LRC)

Loopring is a protocol for building a decentralized token exchange. It is not a DEX itself but a software/protocol to create DEXs. Loopring also has a beta implementation of their protocol where they offer DEX through web and wallet interface.
  • Market Cap
    $291.264.062
  • Price
    $0.509137
  • Category
    Exchanges
  • Origin
    China
  • Team Size
    15-25
  • Initial Release
    06/08/2017
  • 10-8 High Potential
  • 8-7 Potential
  • 7-6 Considerable
  • 6-5 Risky
  • 5-0 Scam
Satoshi Rating
  • Product Ratings
    7.5
  • Team Ratings
    7.6
  • Execution Ratings
    7.3
Product
  • The need for the product ⓘ

    8
  • Total addressable market size ⓘ

    9
  • Product/market fit ⓘ

    8
  • How is the product compared to existing solutions? ⓘ

    7
  • How difficult is to make the product? ⓘ

    8
  • Could this product scale? ⓘ

    8
About Product
Loopring aims to solve security, transparency, and lack of liquidity problems of centralized exchanges. While DEX may provide more security, anonymity, and transparency many of the existing DEXs lack liquidity. In order to increase liquidity, Loopring is trying to create a network of exchanges. Existing exchanges, wallet developers, traders, ring miners, individuals, and institutions will be able to participate in this network using Loopring protocol. They also incorporate new technologies like multiple order matching, liquidity pools, and sharing etc..
Team
  • Team's previous experience ⓘ

    8
  • Does the team have a clear vision? ⓘ

    9
  • Is technical team sufficient for building the product? ⓘ

    9
  • Is the team active? ⓘ

    8
  • Is the team size big enough? ⓘ

    7
  • How is the team growth? ⓘ

    7
About Team
A small but talented team. They were able to deliver quickly on a relatively complex project.
Execution
  • Could this team get the product into a market? ⓘ

    8
  • Could they do it in time? ⓘ

    7
  • Did they meet previous deadlines? ⓘ

    8
  • Is the marketing strategy sufficient? ⓘ

    7
  • Team’s previous achievements ⓘ

    9
  • Strategic partnerships ⓘ

    8
  • Current market size ⓘ

    7
About Execution
The part that would separate Loopring from other alternatives would be the execution of the project. Increasing liquidity requires the adoption of the protocol. Loopring has some key partnerships with NEO and Nebulas. They also have a quite strong advisor team.
Editor's note

Centralized exchanges might have been a necessary part of the developing ecosystem but in the vision of removing third parties, this created the strongest third party and major single point of failure. In addition to that, liquidity is one of the major barriers to mass adoption. Therefore we support and wish technologies like Loopring, 0x, Qash, and alternatives to succeed. It is a long journey to create autonomous, cross-chain and self-governed architecture. Loopring may or may not be the ultimate solution, but they are a strong competitor.

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Initial Rating: April 22, 2018

Last modified: June 4, 2018