What is Loopring (LRC)?
Loopring Foundation is a nonprofit organization. The primary goal of the foundation is to promote the real-world implementation of the decentralized auto execution system that trades through crypto token exchange that protects users from counterparty risk and reduces the cost of trading. We are building the financial system of the future by increasing the liquidity of cryptocurrencies.
Loop brokers trusts across blockchains and exchanges; Thus, transaction members can retain custody of their funds. Originally for ERC20 tokens and ultimately across all blockchains.
Coin Allocation and Distribution
The supply of LRC is limited to a total of 1.395 billion (including those offered for sale at the time of the franchise sale) and will be generated when it becomes available ("Token Launch").