The basics of crypto trading
The GIIS project is currently accepting applications for reimbursement of losses from investing in the ICO of this token. See the official GIIS website for details.
Loopring is a token that supports a Decentralised Finance protocol. It is an Ethereum-based Smart Wallet with an implemented solution of zero-knowledge Rollups. ZkRollups enable Loopring wallet holders to have faster settlements and cheaper transactions.
What is a zero-knowledge rollup? This is an advanced form of cryptography that is surpassing a well-known technique called zero-knowledge proof that enables a computer programme to make a claim about data without actually sharing it. A zero-knowledge proof can give authorities proof that you are above the age required to enter some site without actually sharing the exact date of birth. ZkRollups are based on the same technique and unite hundreds of transfers into one transaction, which speeds up transactions and makes them much cheaper, while they first occur outside Ethereum blockchain.
LRC is key to using the exchange, as everyone who wants to use the decentralised exchange has to keep at least 250,000 LRC on their wallet, while an operator has to lock up at least 1 mln LRC. In other words, it is impossible to use the exchange or even become its operator without holding some Loopring tokens, which is a wonderful boost for the token price.
The ICO took place in 2017, when Daniel Wang, a software engineer based in China, published the future-proof protocols
Problems and perspectives for the token
Unfortunately, the project had to return most of the funds raised during the ICO due to tightening regulations in China at the time. They had to return about 80% of the raised funds and had to proceed with the remaining funds. However, the team managed to make a great product even with these limited funds.
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