Buy LRC in a few steps
Bitcoin, Ethereum, Tether, Solana, and more popular cryptoHow to buy LRC (LRC)
What is LRC (LRC)?
Loopring is a Layer 2 scaling software that builds protocols, infrastructure, and user-facing products. Built on the Ethereum network and leveraging zero-knowledge proofs (ZKPs), Loopring was developed for the creation of large-scale decentralized exchanges (DEXs).
Loopring bundles up hundreds of Ethereum transactions and processes them off-chain, on its own blockchain known as a Layer 2 sidechain. Loopring also inherits the security features and consensus mechanism of Ethereum's blockchain.
LRC, the native token of Loopring, is an ERC-20 token that allows holders to develop on the Loopring platform launched through an initial coin offering (ICO) in 2017. The token fuels all important operations of Loopring, including its governance.
Users who own LRC tokens can also stake them to earn staking rewards. Furthermore, LRC is a deflationary token as a small percentage of it is burnt each time when processing Loopring transactions. LRC has a fixed supply of 1.37 billion tokens.
LRC FAQ
- Cryptocurrencies, such as LRC, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
- Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as LRC have been created as well.
- Check out our LRC price prediction page to forecast future prices and determine your price targets.