Loopring to Host Community Call on April 25th
Loopring is set to host its third community call on Discord on April 25th at 13:00 UTC. The call will provide updates on the latest developments within the Loopring ecosystem, focusing on expanding the multi-network.
Refer to the official tweet by LRC:
Loopring💙@loopringorgApr 19, 2024Loopring Community Call #3 will be happening live on Discord on April 25th @ 13:00 UTC
Come join us to hear about all the latest updates in the Loopring ecosystem + beyond as we start expanding Multi-Network
This is also your chance to get your questions answered by the team💙 pic.twitter.com/aQb5ttMNKr
LRC Info
Loopring is an Ethereum-based decentralized exchange (DEX) protocol that aims to combine the advantages of centralized and decentralized platforms, providing the user with high liquidity and trading security.
The core principle of Loopring is a combination of off-chain order matching and on-chain settlement. While orders are matched off-chain, the final settlement of trades is made directly on the Ethereum blockchain, thus ensuring the transparency and security of every transaction.
LRC, the native ERC-20 token of the Loopring protocol, performs a number of key functions in the ecosystem. It is primarily used to pay transaction fees on the Loopring network. LRC can also be used for staking in order to receive a part of the commission from the protocol’s income.