Review on Loopring [NEO] by Poro Yi
Loopring [NEO]
We believe that trading cryptocurrencies should and will be risk-free and worry-free in terms of control. Investors need to have strong crypto guarantees so that hackers, shareholders, and even state-level competitors cannot accidentally remove their assets from the platforms they are working on. The solution is to trade on decentralized exchanges, also known as decentralized exchanges or DEX, which are supported by key blockchains and smart contracts where these assets reside locally.
We think trading crypto assets on DEX will be cheaper than CEX because security is primarily for blockchains and cryptographic processes, not large, expensive and flawed communities of people. These cost savings can also affect users. Eventually, liquidity becomes more fluid and accumulates much more, if not on a global scale.
Pros
- totally safe
Cons
- None
