Klever Wallet Adds New Loopring (LRC) BEP20 Swap Pairs

To support our community we have introduced 9 new LRC swap pairs.

Available Swap pairs: 

  • LRC/KLV

  • LRC/USDT (TRC20)

  • LRC/USDT (ERC20)

  • LRC/TRX

  • LRC/BTC

  • LRC/KBTC

  • LRC/KETH

  • LRC/BUSD (BEP20)

  • LRC/ETH


What is Loopring (LRC)?

A crypto token based on Ethereum is Loopring's LRC, a protocol used to build decentralized crypto exchanges.

According to the cryptocurrency market data for 2020, the daily average trading volume fluctuated between $50 million and $200 million. The majority of those transactions took place on centralized exchanges. 

All of these platforms have some downsides in common, so a decentralized exchange has emerged to eliminate these disadvantages. A fully decentralized exchange, however, does not come without its own limitations.

Supposedly, Loopring's aim is to blend centralized order matching with decentralized on-blockchain order settlement into one hybrid product that will combine the best features of both centralized and decentralized exchanges.

In August 2017, LRC tokens were launched during an initial coin offering (ICO), while the Loopring protocol was first deployed on the Ethereum mainnet in December 2019.


Who Founded Loopring?

Daniel Wang, a software engineer, and entrepreneur based in Shanghai is the founder and CEO of Loopring Foundation, which manages the development of the Loopring protocol.

Before joining Loopring, Wang worked in multiple management and executive positions at major tech companies. While at Boston Scientific, he served as a lead software engineer, was director of engineering for search, recommendation, and ad systems at JD.com, and was a tech lead and senior software engineer at Google.

As well as Coinport Technology Ltd., Wang founded Yunrang (Beijing) Information Technology Ltd., a cryptocurrency services firm. 

By Warren Manuel
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Klever Swap

Klever Swap is a core service of the Klever app that makes it simpler, faster and more convenient for our users to exchange cryptocurrencies at the click of a button. By monitoring live price action on top-tier exchanges, our native Swap engine creates a price index that is used by the Swap.

The swap itself is conducted by fully autonomous bots, built and maintained in-house by Klever’s developers team. These bots continuously seek the best exchange rate and prices among the top exchanges, and then execute the Swap with high precision, security and speed. The Klever Swap project is part of Klever Exchange.