Loopring profile
Loopring Profile (LRC)
Score: 5.20 | Above Average
Balanced Small Cap
Project Safety Score

Sun, Oct 24, 2021 3:42 AM

Score 5.20
Rating Above Average
Market Cap $570754334.53192
24hr Volume $44750495.200581
Price $0.43172036500735
Review

Loopring

token

Ethereum

Loopring is a Decentralized Exchange (DEX) built on an Ethereum Layer-2 (L2) solution called zkRollup. It has both Automated Market Maker (AMM)-based and orderbook-based exchanges.  zkRollup is an Ethereum L2 scaling solution that migrates computations off the blockchain. Loopring protocol only uses the underlying Ethereum blockchain as a data layer and a verification layer. As a result, Loopring's throughput is as high as 2,025 trades per second compared to Ethereum’s current throughput of 15 transactions per second. The result is that the cost per trade settlement is as small as $0.00015. Loopring's performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. This was not previously possible on any DEX as it was prohibitively slow and expensive. By building on top of Loopring 3.0, orderbook-based DEXs can be commercially viable for the first time. Loopring expects non-custodial exchanges can begin to outcompete and displace many centralized counterparts.

Read more in the whitepaper:
https://github.com/Loopring/protocols/blob/master/packages/loopring_v3/DESIGN.md

Loopring Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

ETH: 0xbbbbca6a901c926f240b89eacb641d8aec7aeafd


Ecosystems.

Loopring is a part of the following ecosystems.

Loopring Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Loopring Safety Report

Loopring has a safety score of 5.2

Loopring is a small cap token.

Loopring is suited to a balanced investment style.


Loopring Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • tradingview profile

Loopring Red Flags

There are currently no Loopring red flags.


Loopring Development Score

The Loopring project has 34 active source code repositories.

The most recent commit was Sun, Oct 24, 2021 2:12 AM

  • 212 Watchers
  • 301 Stars
  • 126 Mentionable Users
  • 0 Vulnerabilities
  • 50 commits in the last 28 days.
Highlights:
  • extremely high repo stars
  • daily repo updates
  • low stars
  • very low watchers
  • poor mentionable users

Loopring Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!

The overall sentiment is average indicating that this project could be spoken about more positively and more in the community. In general as the popularity of a project grows and as main stream awareness grows this score will go up. But conversely as people loose interest and stop talking about this project or if things take a turn for the worse then this score will go down.
Highlights:
  • The overall sentiment is average

Loopring Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Loopring?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Loopring has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.

Highlights:
  • extremely high hashtag tweets
  • extremely high gitHub account watchers
  • good reddit articles
  • poor search result count

Loopring Awareness Score

The awareness score indicates how well Loopring is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Loopring is but a good measure of longevity is how well the project is known by the general public.

Overall Loopring this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • no search result total
  • very poor news articles mentioning Loopring
  • no news articles directly about Loopring

Loopring Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Mature project age (released Aug 30, 2017)

Loopring Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • average USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Loopring Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

LRC
Community Trust Score (LRC)

--/5

0 reviews
No reviews
Be the first to leave a review

No one is talking about Loopring, be the first to start the conversation.

Do you think Loopring is a scam project which will disappear in a rug pull in the next few months or do you think Loopring is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

93.33%

Complete
Profile Status

How complete is this profile:

1 missing data point

This profile is still waiting for the following data points

  • tradingview profile
Community Signals

--/5

(no reviews)
Community Trust Score
Market Cap Rank:
126
Voted:
good
Bulls v Bears:
neutral
Watching:
0
Trending Position:
Loopring Reddit
Loopring Github
Loopring News
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