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Author Topic: [Ann][ICO Complete!!] Loopring -- Decentralised Exchange and Open Protocol  (Read 29261 times)
blakegao
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August 06, 2017, 03:11:17 PM
 #1

Loopring is ICOing now.

"Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reduce the cost of trading. By essentially rising the liquidity of cryptocurrencies, we are building the financial system of the future."

https://loopring.org


Token sale starts from block#4104040, ends in block#4256540.
Last 30 days (152500 blocks) with 10 3-day (15250 blocks) phases;
Each phase has a different bonus setting to reward early participants;



How to Participate
Participate on our partner's website imToken, ICO365, ICORace, TokenCapital, and AIMWise;

Or sender Ether from your wallet directly to our token sale smart-contract address below. Noted:

1. Please verify that https://etherscan.io/address/lrcsale.eth points to the same address - otherwise one of the two websites might have been hacked;
2. Do NOT withdraw Ether from any exchange directly to our token sale address, you will lose your LRC. There is nothing we can do for you;
3. Please set gas value to at least 90000;
4. Our smart-contract only accepts transactions with a minimum value of 0.01ETH;
5. LRC will be issued and transfered to the source address immediately, there is no lockdown period;
6. Do not make any LRC transfer to accounts you don't control until Sept. 2nd - you may lose LRC that will be issued later on other blockchain;
7. You confirm that you are not a US or Singapore citizen/resident;
8. You can check your LRC balance with the tool below.


Address
0xEF68e7C694F40c8202821eDF525dE3782458639f





Rules
Loopring Token (aka Loopring Coin or LRC) is a ERC20-compatible token issued using our smart contract (The smart contract) on Ethereum.

The smart contract will issue LRC immediately after receiving ETH payment to the sourcing address. DO NOT withdraw ETH from exhanges directly to the smart contract. You may lose part of all your LRC, for which we shall not be held responsible nor provide any technical support. LRC has no vesting period.

The remaining unsold token allocation will be issued within one week after token sale using the same smart contract. A detailed layout based on different fundraising scenarios can be found in below. Loopring development team believes that a capped fundraiser will promote a widespread distribution of the tokens, a necessary prerequisite to launching a robust network.
Token Sale Distribution Ends in 30 days, Hardcap is 120,000 ETH, Softcap is 50,000ETH; All the tokens will be refunded within one week (minus some gas cost) if the project fail, the last transaction may cause the final sale slightly over 120,000 ETH.

The fundraiser will last for a period of 152500 blocks (about 30 days). Throughout this period, a contribution of one ether will lead to an allocation of five-thousand LRC plus a time dependent bonus. This bonus is meant to incentivize contributors not ot delay their participation. The bonus starts at 20%, meaning that a contribution of 1 LRC yield an allocation of 5000*(1+20%)=6000 LRC and decrease progressively to 0% over 10 periods(20%, 16%, 14%, 12%, 10%, 8%, 6%, 4%, 2%, 0%).

50000~60000 ETH(inc.) 32.5% LRC will be sold through Token Sale
60000~70000 ETH (inc.) 35% LRC will be sold through Token Sale
70000~80000 ETH (inc.) 37.5% LRC will be sold through Token Sale
80000~90000 ETH(inc.) 40% LRC will be sold through Token Sale
90000~100000 ETH(inc.) 42.5% LRC will be sold through Token Sale
100000~110000 ETH(inc.) 45% LRC will be sold through Token Sale
110000~120000 ETH(inc.) 47.5% LRC will be sold through Token Sale
12000 to above 50% LRC will be sold through Token Sale

The Loopring Foundation will manage the contributions according to its purpose. Initially, the Foundation will budget for 4 years. The Foundation will have the discretion to pay for service it believes will benefit the promotion of the Loopting protocol, either in tokens or another currency. The remaining 40% unsold tokens will be distributed to the team will vest in a period of 4 years. Additionally, 60% rest will pay for research, legal service, business development,communications and marketing.

When implemented on other public blockchain(eg, EOS, Qtum), alt-LRC tokens will also be issued proportionally to the addresses that participated in this original Token Sale - as long as the singing algorithm is also ECDSA (with 5% fee); otherwise, Loopring foundation reserves the right to issue alt-LRC tokens on other blockchain in a different way.

Token Sale Smart contract opened code.

Open source code is available on github:https://github.com/Loopring/ico
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escrowman
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August 06, 2017, 03:13:55 PM
 #2

chinese team?
blakegao
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August 06, 2017, 03:17:56 PM
 #3

chinese team?


Yeah..
wbk940122
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August 06, 2017, 03:18:30 PM
 #4

this is a project ann? look like doge shit !
Gwyn
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August 06, 2017, 03:20:54 PM
 #5

this is a project ann? look like doge shit !

claim down,may be OP just edit it , i will back to watch ,i need more infomation !
kslavik
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GET IN - Smart Ticket Protocol - Live in market!


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August 06, 2017, 03:32:47 PM
 #6

How can they even collect 57k Ether without anyone knowing them lol?! They claim to have bussiness partnerships but it just doesn't add up with that website.


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blakegao
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August 06, 2017, 03:51:08 PM
 #7

How can they even collect 57k Ether without anyone knowing them lol?! They claim to have bussiness partnerships but it just doesn't add up with that website.


Main partners of famous blockchain team are NEO and QTUM, they exchanged their token with each other ..
The backers-- chainfunder invested some of well-known ICO, including ETH, IOTA, ARDOR, EOS,RiPPLE, FACTOM..
iTradeChips
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August 06, 2017, 04:07:02 PM
 #8

good day Loopring team . i would like to reserve for Filipino translation.
one past project done among many :
Monaco Whitepaper : https://drive.google.com/file/d/0BwcYZ7heMjEWVC1PNEhFSzJBMms/view?usp=sharing
thanks and good luck with this project !



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ECOSYSTEM "Empowering Gamers!"
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Quontoloue
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August 06, 2017, 07:09:40 PM
 #9

loopring announcement thread is bad
i think is very dificult can get investor
Cannabisdreams
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August 07, 2017, 10:52:55 AM
 #10

I did my own research and read the white paper.  It's a tough read but once i was able to digest it, i found a lot of positives and no real negatives. 
gawajn
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August 07, 2017, 11:29:22 AM
 #11

Nice idea, good luck with your project!

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PenStand
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August 11, 2017, 06:14:29 PM
 #12

Find it's technically comparable to 0x project after a little bit reading at their website, even though the announcement here is really bad and it's not as popular as 0x so far.

llordic
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August 14, 2017, 09:39:23 AM
 #13

I invested a bit  Cool
silvestar
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August 14, 2017, 02:13:59 PM
 #14

The project looks serious. Is there Neo behind it? It didn't open up to Global but it receives a lot from Chinese investors I think. The developers look qualified. I think I'm goint to follow it.  Roll Eyes
llordic
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August 14, 2017, 03:02:14 PM
 #15

When we get tokens?
Anybody knows?
PenStand
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August 15, 2017, 08:31:37 AM
 #16

When we get tokens?
Anybody knows?

I got the token almost immediately after I paid. It will send to the ETH address your have paid.

blakegao
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August 17, 2017, 04:17:02 PM
 #17

The project looks serious. Is there Neo behind it? It didn't open up to Global but it receives a lot from Chinese investors I think. The developers look qualified. I think I'm goint to follow it.  Roll Eyes


Yeah, there're two famous backers: NEO and QTUM,  another backer ChainFunder invested some of well-known ICOs, including ETH, NEO, IOTA, ARDOR, EOS,RiPPLE, FACTOM , Tezos..
lofegs
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August 17, 2017, 04:27:27 PM
 #18

The project looks serious. Is there Neo behind it? It didn't open up to Global but it receives a lot from Chinese investors I think. The developers look qualified. I think I'm goint to follow it.  Roll Eyes


Yeah, there're two famous backers: NEO and QTUM,  another backer ChainFunder invested some of well-known ICOs, including ETH, NEO, IOTA, ARDOR, EOS,RiPPLE, FACTOM , Tezos..

They easily collected good amount of money. And those backers look pretty good.
It's gonna be interesting watch for me Cheesy

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August 17, 2017, 04:49:29 PM
 #19

Has anyone got some info about the bounties that are held?
Also please make the first post more interesting to read and please update all the required, infomation.

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August 18, 2017, 05:56:58 AM
 #20

where to trade LRC
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