Loopring is not just a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reduce the cost of trading. By essentially rising the liquidity of cryptocurrencies, we are building the financial system of the future.
- Maximum Cap: 120,000 ETH
- Minimum Cap: 50,000 ETH
- Rate: 5,000 LRC / 1 ETH
- Token Structure: Up to 50% of the supply will be sold to the public. The proportion is based on the amount of raised ether (32.5%,35%，37.5%,40%,42.5%,45%,47.5%,50%); The remaining 40% unsold tokens will be distributed to the team will vest in a period of 4 years. Additionally, 60% rest will pay for research, legal service, business development, communications and marketing.
- Duration: The fundraiser will last for a period of 152500 blocks (about 30 days).
- Bonus: Throughout this period, a contribution of one ether will lead to an allocation of five-thousand LRC plus a time dependent bonus. This bonus is meant to incentivize contributors not to delay their participation. The bonus starts at 20%, meaning that a contribution of 1 LRC yield an allocation of 5000*(1+20%)=6000 LRC and decrease progressively to 0% over 10 periods(20%, 16%, 14%, 12%, 10%, 8%, 6%, 4%, 2%, 0%).
imToken ICO Pro Tutorial
Download imToken via https://token.im, then create or import ethereum wallet. Caution! Please backup the wallet after the above operation immediately. Save both the mnemonic and private key in a place that only you can access. Please prepare the ETH in advance to participate in the ICO then you are good to go.
1. Click the ‘ICO Pro’ DApp icon in the “Discover” tab, then click on the Loopring page.
2. Input the amount, click the “Join ICO” button, confirm to send the transaction.
3. Go to the ‘Assets’ tab after there have been 12 confirmations of your transaction. Click the “+” icon, slide the bar next to the LRC token so it is green. When you return to the “Assets” tab you will see the LRC balance in the main screen.
On a PC, you can use the ICO DApp by typing in this link: https://ico.token.im/loopring. You can join the auction easily with MetaMask.