Loopring (LRC) - an open protocol of decentralized exchange provides traders, participants and institutions with a decentralized automated trading system that intelligently sells its transactions in all crypto-exchange networks.
The ERC20 token on the Ethereum blockchain.
Loopring is designed as a single building block with open standards, providing the interaction between decentralized applications (DAPP), which includes the functionality of the exchange. Trades are carried out by the intellectual contract system Ethereum, which are public, free for use and dApp connect. The Loopring current is based on the Token Standard.
Any object under this protocol can participate in the coordination of orders. There are two types of fees received from the system of the correspondence of orders: the commission for the transaction and the charge for writing off the cost of the call.