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Loopring is a decentralized exchange and open protocol which shields users from counterparty risks, perform decentralized automatic trades, and reduce the overall cost of buying and selling cryptocurrency. It has all the hallmarks of a big game changer, although it is still too early to tell whether or not it is a feasible concept. Loopring removes a lot of risk factors by not forcing users to send tokens or currencies to a centralized custodial entity. Loopring’s token is based on the ERC20 Ethereum Token Standard and can be liquidated through a Loopring smart contract.


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