The Builders — Founders Spotlight: Loopring

Daniel Wang, Founder of Loopring

Describe Loopring in one sentence:

Loopring is the open source protocol for decentralized token exchange.

Please tell us more specifically what Loopring does:

Loopring is a protocol for building decentralized exchanges. Besides the protocol smart contracts, Loopring provides higher liquidity and price improvement by matching orders in the form of order-rings. With order sharing, multiple relayers can form a consortium for building a shared liquidity pool to compete with established exchanges. Also, Loopring combines off-chain order sharing and on-chain settlement.

What inspired the founder to start Loopring?

With the prior-experience in centralized exchange, Loopring founder, Daniel Wang, was determined to solve the outstanding issues in centralized exchange using blockchain and smart contract technology.

What has Loopring achieved so far?

1.Loopring protocol 2.0 completed smart contract audits by third-party smart contract security firm SecBit, and has been deployed.

2.Loopring Foundation collaborates with PwC, and the first order of business was to dig deep on the topic of stablecoins.We are pleased to release the comprehensive 29 page stablecoins report, and you can read or download the full report here.

3.LRC is list on around 40 exchanges.

What do you hope to accomplish within the next few months?

1.The plan is to deploy the relayer in about 2 months. We are close to code complete but need to do a lot of testing internally.

2.We are also working on a new protocol upgrade, v3, to migrate some on-chain verification logic off-chain to reduce gas cost and can potentially settle about 100 trades per Ethereum TX.

Give us some tips for people who are doing/plan to do an ICO:

1.Keep your ICO Secure

2.Free and Effective Marketing

3.List your ICO on multiple websites

4.Give people strong reason to get your tokens

 

🚀Join our community channels and stay updated on the latest news:

The ZILLA Team

ZILLA ZILLA
Feb, 22


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