About 1inch Network
Loopring (LRC) is a decentralized exchange (DEX) protocol. The project employs off-chain order messaging and on-chain transactions to ensure that users retain custody of their tokens. Loopring is blockchain-agnostic, meaning that it can be used across multiple platforms. It has 3 cryptocurrency tokens: LRC (Ethereum), LRN (NEO), and LRQ (Qtum). Each is used to enable trades without locking cryptocurrency balances. Ring Miners match, verify, and settle trades via Order Rings stored on smart contracts. To date, Loopring has established partnerships with the likes of PricewaterhouseCoopers (PwC), DeFi, and Berkeley.