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What is the issuance price and issuance volume of Loopring (LRC) coins?
Loopring's initial coin offering (ICO) in 2017 allocated 48% of the initial issuance to investors, totaling 662,773,207 LRC.
Dec 07, 2024 at 05:55 am

Unveiling Loopring (LRC): Issuance Price, Issuance Volume, and a Comprehensive Market Analysis
Issuance Price and Issuance Volume of Loopring (LRC) Coins
Initial Coin Offering (ICO) Details:
- Date: August 29, 2017
- Price: $0.12 USD per LRC
- Token Distribution: ERC-20
- Initial Issuance: 1,379,542,892 LRC (13.79 billion)
Post-ICO Token Distribution:
- Loopring Foundation: 21% (289,113,429 LRC)
- Team and Advisors: 16% (219,926,855 LRC)
- Investors: 48% (662,773,207 LRC)
- Community Development: 15% (207,729,401 LRC)
Current Market Status and Performance of Loopring (LRC)
Current Price:
- As of [insert date], LRC is trading at $0.43 USD.
Market Capitalization:
- Approximately $110 million USD.
Trading Volume:
- Daily trading volume ranges significantly, often exceeding $100 million USD.
Factors Influencing Loopring's Market Performance
Utility and Adoption:
- Loopring's decentralized exchange platform provides speed, low fees, and scalability.
- Growing adoption by exchanges and projects.
Competition:
- Other decentralized exchanges (DEXs) compete for market share.
- Uniswap, Curve, and PancakeSwap are prominent competitors.
Market Sentiment:
- LRC's price is influenced by overall market conditions, crypto industry news, and social media sentiment.
Tokenomics:
- Maximum supply of 1.4 billion LRC.
- Loopring's fee-burning mechanism reduces the circulating supply.
Loopring's Future Prospects and Growth Potential
ZKSync Layer-2 Scaling Solution:
- Loopring's ZKSync technology significantly enhances the scalability and efficiency of Ethereum transactions.
Layer-3 Applications:
- Loopring enables the development of layer-3 applications, expanding the ecosystem's utility.
Partnerships and Integrations:
- Strategic partnerships with companies and projects to enhance adoption.
- Integration with major wallets and exchanges.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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