Loopring, a highly popular blockchain based startup, has recently raised over $45 million in a successful initial coin offering that concluded in August this year. The Loopring platform is based entirely within the blockchain ecosystem, which- according to Loopring founder Daniel Wong- made an ICO the ideal method of gathering startup capital for the project.Loopring is a decentralized exchange protocol and an “automated execution system” built on Ethereum that will allow its users to trade assets across exchanges. It isn’t a decentralized exchange. Rather, it facilitates decentralized exchanging through ring-sharing and order matching.
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