Loopring (LRC) is a cryptocurrency that operates on the Ethereum and Solana networks, designed for decentralized exchanges and improving transaction efficiency.

What are the risks associated with transferring Loopring?

Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure private-key handling.

How can I verify my Loopring acquisition?

Verify the asset name, network, and contract details before transferring. Ensure the destination address is correct before sending assets.

Where can I find official resources for Loopring?

Official resources for Loopring include their website at https://loopring.org and their GitHub repository at https://github.com/loopring.

Loopring (LRC)

Rank #856

Market snapshot

Price: $0.007951
Market cap: $10.9M
24h volume: $2.9M
Circulating supply: 1,368,406,998.5006
Total supply: 1,373,873,397.4425
Max supply: N/A

What is Loopring?

Loopring is a protocol designed to facilitate decentralized exchanges and improve transaction efficiency on the Ethereum and Solana networks. It utilizes zero-knowledge proofs to enhance privacy and scalability, allowing for secure and efficient trading without the need for a central authority.

Key information

Symbol: LRC
CMC rank: #856
Network / platforms: Ethereum, Solana
Categories: N/A
Date added: Aug 30, 2017

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Ethereum
0xbbbbca6a901c926f240b89eacb641d8aec7aeafd
Solana
HCTVFTzHL21a1dPzKxAUeWwqbE8QMUyvgChFDL4XYoi1

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Loopring?: Loopring (LRC) is a cryptocurrency that operates on the Ethereum and Solana networks, designed for decentralized exchanges and improving transaction efficiency.
What are the risks associated with transferring Loopring?: Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure private-key handling.
How can I verify my Loopring acquisition?: Verify the asset name, network, and contract details before transferring. Ensure the destination address is correct before sending assets.
Where can I find official resources for Loopring?: Official resources for Loopring include their website at https://loopring.org and their GitHub repository at https://github.com/loopring.

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