Loopring is an open, multilateral token exchange protocol for decentralized exchange on the Ethereum blockchain. Loopring is intended to serve as a common building block with open standards, driving interoperability among decentralized applications (DAPPs) that incorporate exchange functionality. Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use, and that any dApp can hook into. Loopring's token is based on the ERC20 Ethereum Token Standard and can be liquidated through a Loopring smart contract.
LRC is the Loopring token on Ethereum. LRC holders can pay the lowest fees for their transactions; benefit from all network-wide activity.