Token name: Loopring(LRC)
Company name:Loopring Project Ltd
Qualification status: Completed (2018-05-18 By Qiex)
Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reducing the cost of trading. By pooling the liquidity of cryptocurrencies, we are building the financial system of the future.
Reduced Counterparty & Exchange Risk
Loopring does not require members to send tokens to exchanges for custody. Tokens always remain in their blockchain addresses during the whole transaction life cycle Members can even transfer their tokens around after orders are submitted – Loopring will automatically adjust trading amount at the initial price. Loopring protects members from threats such as exchange bankruptcies and DDOS.
Orders are automatically executed while trade’s funds remain under their control in a decentralized smart contract on the blockchain.
Loopring mechanism allows to order break into small pieces, identifies the best exchanges and times to trade those pieces on, and applies game theoretic logic to optimize trading results. Loopring can also well protect trading from DDOS attack.