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.

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