On May 2, 2018, Switcheo Network announced the listing of Loopring’s NEP-5 protocol token (LRN) on the decentralized exchange. Loopring is a protocol that seeks to improve tradability across crypto-token exchanges. The LRN token was listed on Switcheo at 4:00 pm (UTC +8) on May 2nd.
Switcheo Exchange has created LRN trading pairs with NEO, GAS, and SWH. Users who trade with SWH on the exchange receive a 50% reduction in trading fees.
Additionally, Loopring is coordinating with four other exchanges to list LRN. There are also 3 airdrops, scheduled for July 5th, September 5th, and November 5th. In each airdrop, Loopring will airdrop 20% of the max LRN supply to a smart contract on NEO (the Airdrop smart contract) for LRC token holders to claim.
The total LRN supply will be 139,507,605.49 tokens, which is exactly 10% of the total supply of LRC, the protocol’s original Ethereum-based token.
For more information about Loopring, visit the links provided below.
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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