Daniel Wan founded Loopring and launched its ICO in 2017. He later released the Loopring protocol in 2019. Loopring is a decentralized exchange protocol built on top of the Ethereum network. It powers the creation of hybrid cryptocurrency exchanges that have the speed of centralized exchanges alongside the security and decentralization of decentralized exchanges. With the launch of Loopring v3, the company claims to have achieved its goal of creating the best-in-class order book-based decentralized exchange protocol on Ethereum. LRC is the native cryptocurrency of Loopring Network.
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