The main person responsible for the looping coin development is Daniel Wang. He previously worked at Google and is co-founder of Yunrang Technology, Coinport Exchange and Hygiene Online. He is also head of department at Zhongan Technology, which deals with block chains. Jay Zhou is the marketing director, founder of SJ Consulting and previously worked at PayPay Risk Operations.
Johnston Chen is an expert in the financial industry and previously worked as an information manager at 3NOD. The experienced programmer Freeman Zhong previously worked at the National Bank of China. Since Hongfei is a consultant at Loop ring, he is the founder of NEO. Another consultant is Xuenfeng Li, a business angel, and Hitters Xu, the founder of Bitcoin Startup Camp and the Nebula Blockchain. Xu is also the Blockchain Director at Ant Financial.
Bitcoin Code advantages and disadvantages
The loopring crypto currency will have to prevail against some competitors. Not necessarily from other crypto exchanges. Basically Loop/ring does not try to destroy other file-sharing exchanges and to determine the market as the sole trading place for crypto currencies. Rather, the crypto currency should provide more liquidity on the market. Competition threatens in the form of other crypto exchanges. Read the Bitcoin Code review on the website binarycheck for example, provides decentralized nodes that function as their own file-sharing services.
Bancor, Blocknet and Kyber Network also offer a type of order placement that automatically determines the best exchange pairs. They also want to ensure liquidity between ERC20 tokens. Usually only one prevails in such decentralized marketplaces. Whether it will be the loopring coin remains to be seen.
Finally, development is not yet complete. However, the Blockchain is fortunate that an experienced team of programmers and consultants is working on the development. Also the connections to already existing file-sharing services certainly help the crypto currency to a small advantage.
Buying Loopring Coin is still very cheap. The crypto currency is still young and heavily undervalued. An early investment could be worthwhile in the long term.
Bitcoin Code Forecast
Buying Loopring Coin was first possible at the end of October 2017, when the coin was launched on the market with a value of 13 to 14 cents. The LRC Coin price remained in this range until the middle of November. From then on, the price steadily gained in value and moved steadily towards 20 cents per coin. The Bitcoin Code automated trading robot and the price reached these values in the first half of December, where it also fell below 20 cents for a short time or even reached 25 cents. In the second half, the price ranged between 25 and 30 cents per coin and on some days also exceeded 30 cents.
A real rally to the crypto currency took place in January 2018. In the first days the value of the crypto currency increases to 50, then 90 cents, finally to over 1 euro per coin. Then there was another jump to the 2 Euro. After that the coin lost value again and dropped to below 1 Euro. In February the coin seems to hold at around 50 cents.
What does that tell us about a looping coin prognosis? It’s probably too soon for that. Many other crypto currencies also experienced a price increase similar to that in January 2018. The LRC Coin will probably follow the general market developments for a while. This means that the coin could gain or lose value again in the near future. It will probably be quoted better in 2018 than the year before in terms of the average Loopring Coin price. Ultimately, one has to wait and see what the further development will bring and whether it will be able to assert this crypto currency against the competition.
Create Loopring Wallet
There is no official wallet yet. Since it is an ERC20 token, all wallets can be used that can hold Ethereum-based coins. MyEtherWallet, for example, is the ideal solution. You can get them on the official website of the MyEtherWallet. Just go to “Create New Wallet” and download the keystore file. With this you get the private key and finally the private address of the wallet.
Where can I buy the Loopring Coin?
Loopring Coin can be bought on Gate.io, Coin Exchange, Binance, Yobit and HitBTC. Mostly you have to exchange them for Bitcoins or Ether, the purchase with US-Dollar is possible on Gate.io and Yobit.
Conclusion Loopring Coin
There is a lot of potential in the token exchange of Loop ring. A decentralized platform that enables the convenient exchange of all types of ERC20 tokens. But you have to see if Loopring can stand up to the competition.
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