Loopring Token is another fast rising coin in the cryptocurrency market today.
On this article, we are going to review Loopring.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
Loopring is an Ethereum Layer-2 scaling protocol. It allows for building high-throughput, low-cost, non-custodial AMMs, orderbook exchanges, and payment applications on Ethereum by leveraging Zero-Knowledge Proofs.
There are 1.23B LRC in supply.
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Pros of Loopring
- A lot of investors are ‘flocking’ to invest
- It is now listed on Coinbase
- They are fully decentralized
Cons of Loopring
- The coin is still under development
- Multiple issues with its synchronizations between ledgers
Is Loopring Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear and most have also given up.
According to research, Loopring is not a scam coin. It has been listed on top cryptocurrency wallets like Blockchain, Binance and lots more.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Loopring on the comment section below. Don’t forget to rate and leave a review.