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Wang is currently acting as the CEO of the company.&nbsp;</p>\n\n\n\n<p>Loopring has successfully raised 120,000 ETH on its ICO in 2017, but due to regulatory concern in China, the project needs to refund around 80% of the fund raised. In may 2018, Loopring was then reported to be acquired by G2H2 Capital.&nbsp;&nbsp;</p>\n\n\n\n<h2>What is the purpose of Loopring?&nbsp;</h2>\n\n\n\n<p>LRC token is the main asset to access Loopring technology. A DEX operator who would like to utilize the Loopring network needs to stake at least 250,000 LRC tokens. Besides that, anyone could also stake LRC token to receive a portion of the trading fee generated on the DEX. 70% of the fees will be distributed to LRC token stakers, 20% will goes to Loopring DAO, and the remaining 10% will be burned to create a deflationary token system.&nbsp;</p>\n\n\n\n<h2>Insights:</h2>\n\n\n\n<p>The Loopring network is considered to have relatively low awareness on the market. The technology is promising, and has a strong potential to change the way decentralized exchange operates. With the deflationary token model and increasing in DEX usage, LRC token might spike in value in the future. However, the challenges are also high considering that the project has to compete with centralized exchanges and other DEX platforms.&nbsp;</p>\n\n\n\n<ul><li>The Loopring project was started back in 2017 with a rough beginning due to the fact that they need to return the investment received through ICO. Since then the development progress was really slow until the recent DeFi trend makes Loopring technology desirable and the project has achieved a lot of important milestones. Based on that, the DeFi trend plays an important role to the LRC token value, however, as we know, a trend might continue or discontinue.&nbsp;</li><li>Even though it has already been discussed in many forums, the real Ethereum network scaling solutions that have been deployed and implemented well, are still not many. Loopring is one of the projects that has been successfully implemented and uses the technology to create a product (DEX) that actually works.&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Considering the growing adoption of Ethereum network, and more and more promising DApps built on the Ethereum platform with astronomical user growth, Loopring is in a really good position.&nbsp;&nbsp;</li></ul>\n\n\n\n<h2>Risks:</h2>\n\n\n\n<ul><li>LRC token price was going nowhere for two consecutive years (Jul 2018 &#8211; Jul 2020), with a slow development progress and low trading volume, investors need to consider the risk of project execution challenges in regards to that fact.&nbsp;</li><li>Zk rollup is an interesting and considered to be highly potential technology, however, despite the fact that it&#8217;s already been well studied theoretically, the implementation on a real product might bring undiscovered flaws.&nbsp;</li><li>Zk rollup is open source and considered a public good, hence, not only Loopring can develop using this technology. If the platform proves to be successful, there might be many other projects that also develop similar solutions with the similar technological approach.&nbsp;</li></ul>\n\n\n\n<h2>News and Updates:</h2>\n\n\n\n<ul><li>Loopring is launching <a href=\"https://medium.com/starkware/damm-decentralized-amm-59b329fb4cc3\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">dAMM</a> in collaboration with StarkWare Ltd.&nbsp;</li><li>Loopring is helding a <a href=\"https://medium.com/loopring-protocol/loopring-l2-liquidity-mining-round-12-e555c191f58b\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">liquidity mining</a> program.</li><li><a href=\"https://grayscale.com/update-grayscale-investments-exploring-additional-assets/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Grayscale Investment</a> is exploring additional digital assets with Loopring on the list.</li></ul>\n\n\n\n<h2>Community &amp; Whitepaper Links:</h2>\n\n\n\n<ul class=\"coin-info__links\"><li><strong>Official Website:</strong><a href=\"https://bitcoin.org\"> </a><a href=\"https://loopring.org/#/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https://loopring.org/#/</a>&nbsp;</li><li><strong>Loopring Exchange:</strong> <a href=\"https://exchange.loopring.io/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https://exchange.loopring.io/</a>&nbsp;</li><li><strong>White Paper:</strong><a href=\"https://bitcoin.org/bitcoin.pdf\"> </a><a href=\"https://github.com/Loopring/protocols/blob/master/packages/loopring_v3/DESIGN.md\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">protocols/DESIGN.md at master · Loopring/protocols · GitHub</a>&nbsp;</li></ul>\n\n\n\n<p><strong>Disclaimer:</strong><br>All investments are speculative and involve substantial risk and uncertainty. Investors should understand the nature of digital assets including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.&nbsp;&nbsp;</p>\n","seo":{"title":"LRC to IDR - Buy Loopring Instantly - Zipmex","metaDesc":"Buy or sell Loopring. Get the latest Loopring IDR (LRC to IDR) price quote, history, news and other information."},"categories":{"nodes":[{"slug":"listed-coin"}]},"acfCoinInfo":{"ciHomeFullName":"Loopring","ciTickerSymbol":"LRC","ciIcon":{"localFile":{"publicURL":"/static/cf93ec60555d05646f8c438e30817a15/LRC.svg"}},"websiteLink":null,"whitepaperLink":null,"detailedRuleLink":null}},"otherCoinInfos":{"nodes":[{"slug":"ape-id","excerpt":"<p>ApeCoin is the famous NFT project, Bored Ape Yacht Club (BAYC)’s native token. 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It is a Decentralized Autonomous Organization.</p>\n","acfCoinInfo":{"ciHomeFullName":"YieldGuildGames","ciTickerSymbol":"YGG","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#081828","images":{"fallback":{"src":"/static/749075fe65de4abc76e5d62e97c31fd7/03e84/Yield-Guild-Games-website-banner.png","srcSet":"/static/749075fe65de4abc76e5d62e97c31fd7/e2842/Yield-Guild-Games-website-banner.png 100w,\n/static/749075fe65de4abc76e5d62e97c31fd7/294d3/Yield-Guild-Games-website-banner.png 200w,\n/static/749075fe65de4abc76e5d62e97c31fd7/03e84/Yield-Guild-Games-website-banner.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/749075fe65de4abc76e5d62e97c31fd7/9f21a/Yield-Guild-Games-website-banner.webp 100w,\n/static/749075fe65de4abc76e5d62e97c31fd7/752c3/Yield-Guild-Games-website-banner.webp 200w,\n/static/749075fe65de4abc76e5d62e97c31fd7/02841/Yield-Guild-Games-website-banner.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}}]}},"pageContext":{"lang":"id_en","footerMenus":"[{\"slug\":\"about-us-id-en\",\"acfMenu\":{\"menuTitle\":\"About Us\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo5OTg4\",\"label\":\"About\",\"url\":\"/en/about-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTkx\",\"label\":\"Terms and Conditions\",\"url\":\"/en/terms-and-conditions-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDQxMzI=\",\"label\":\"ZipUp+ Terms and Conditions\",\"url\":\"/zipup-terms-and-conditions-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTky\",\"label\":\"Privacy Policy\",\"url\":\"/en/privacy-policy-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTkz\",\"label\":\"In the Media\",\"url\":\"/en/news/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo0NTAyMQ==\",\"label\":\"Careers\",\"url\":\"https://zipmex.bamboohr.com/jobs/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"mobile-id-en\",\"acfMenu\":{\"menuTitle\":\"Mobile\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo4MjE1\",\"label\":\"iOS\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDo4MjE2\",\"label\":\"Android\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"products-id-en\",\"acfMenu\":{\"menuTitle\":\"Products\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo4MjIz\",\"label\":\"Trade\",\"url\":\"https://trade.zipmex.co.id/exchange/\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDoyNDY3OQ==\",\"label\":\"Earn\",\"url\":\"/en/earn/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"support-id-en\",\"acfMenu\":{\"menuTitle\":\"Support\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo5OTk2\",\"label\":\"Support Center\",\"url\":\"/en/support/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk3\",\"label\":\"Announcements\",\"url\":\"/en/announcements/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk4\",\"label\":\"Contact Us\",\"url\":\"/en/contact-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk5\",\"label\":\"Fees\",\"url\":\"/en/fee-schedule-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozMjc3OA==\",\"label\":\"Get updates\",\"url\":\"https://communications.zipmex.co.id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozNTk2OA==\",\"label\":\"Learn\",\"url\":\"/en/learn/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDMyMjI=\",\"label\":\"Apply To List\",\"url\":\"https://zipmex.com/zipmex-labs-application-form/\",\"cssClasses\":[],\"target\":null}]}}]","latestPosts":"[{\"title\":\"What is CBDC? 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