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İstanbul
1 Level
11 Review
17.25 Karma

Review on Loopring [NEO] by Serkan Özdemir

Revainrating 4 out of 5

LOOPRİNG

Loopring is a decentralized cryptocurrency. This means that the control of the money is entirely in the hands of the users. A laborious and risky transaction such as depositing money in central exchanges with Loopring becomes history. Risk-free and low costs In the Loopring system, relayers do not hide users' assets. This means that you can start with a small investment in the platform and make a profit. All you have to do is set up a relayer with cryptocurrencies available on Loopring and increase liquidity by fulfilling your own wishes and orders. As a result, you can earn more. Orders placed on the platform are signed with the private key of the users, but orders do not hold the money in question. The orders are then sent to one or more relayers or shared on the liquidity sharing network, thus creating order books. Loopring distributes 20% of the transaction fees for all orders placed from wallets to wallets in real time as a reward. If you install a Relayer, this share goes up to 80%, with low risk and guaranteed by the protocol. So most of the transaction fees are up to you. If you trade as a market maker, you will earn all the margin and LRC trading fees. This means more money.
img 1 attached to Loopring [NEO] review by Serkan Özdemir



Pros
  • İt has a lot of security advantages
Cons
  • Nothing for now

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