php editor Yuzai brings you the latest market trends about LRN coins. LRN coin is an emerging cryptocurrency. What is its total circulation? Currently, the total circulation of LRN coins is XXX. Regarding the latest price of LRN coins, according to the latest data, the current price of LRN coins is XXX. This is a dynamically changing number, affected by many factors such as market supply and demand and investor sentiment. If you are interested in LRN coins, you can always follow market dynamics to get the latest price information.
Latest LRN coin price
¥0.06069 ≈$0.00855
##What is the total circulation of LRN coins?
The total issuance and circulation of LRN coins are both 114 million, making its circulation rate reach 100%. Loopring is an innovative blockchain asset trading protocol and exchange that uses decentralized technology to provide a zero-risk token exchange model. Unlike traditional exchanges, Loopring allows multiple exchanges to compete for off-chain matching and on-chain clearing and settlement of the same orders. LRN (loopring neo token) is the deployment of the Loopring protocol on the NEO network, that is, LRN is a token issued by the Loopring Foundation on NEO. The main purpose of these tokens is to support decentralized currency-to-crypto trading of tokens in the NEO ecosystem.
Loopring is a foundation that is developing and maintaining a decentralized exchange platform. While Loopring itself is not a decentralized cryptocurrency exchange, it enables the launch of P2P exchanges by connecting to other blockchains without any middlemen. These key features are key to the success of the Loopring project.
Loopring currently has three cryptocurrency tokens: LRC (Ethereum), LRN (NEO) and LRQ (Qtum). Each is used to enable transactions without locking cryptocurrency balances.
Loopring is a protocol for matching, verifying and settling transactions through an order loop stored on a smart contract. The LRx token acts as an intermediary on the backend, making transactions technically possible. Loopring captures transaction data from multiple exchanges to enable faster, cheaper peer-to-peer trading and match buy and sell orders. This mechanism increases the efficiency and cost-effectiveness of transactions.
What about LRN coins?
Loopring protocol is a protocol that has nothing to do with the blockchain system. It realizes secure, anonymous and trustless token transactions through wallet authorized private keys. Currently, the Loopring protocol does not support cross-chain transaction matching technology, so a token needs to be issued on each target blockchain. Currently supported target blockchains are Ethereum, Quantum Chain and Xiaoyi, corresponding to the tokens LRC, LRQ and LRN respectively.
Ethereum and NEO are two different public chains. LRN is a token issued by Loopring Protocol on NEO. Users need to register a NEO wallet to receive LRN airdrops and store LRN. LRN is a token issued by the Loopring Foundation on NEO, with a total circulation of 139,507,605.45 coins, equivalent to one-tenth of the total issuance of LRC. The purpose of LRN is to support decentralized currency transactions in the NEO ecosystem. Currently, NEO’s O3 wallet has been connected to LRN. Users must hold LRC to obtain LRN, and the project will bind the user's address in the Ethereum wallet to its NEO address.
The role of LRN is mainly in two aspects, one is as a matching fee, and the other is as a collateral for exchange registration. The matching fee here can actually be understood as the transaction fee, but its calculation method may not be as simple as the transaction fee.
As for exchange collateral, because the Loopring protocol is only the protocol layer, it also needs a corresponding exchange as the application layer. Exchanges under the application layer need to mortgage LRN as collateral. The more LRN is mortgaged, the more orders can be obtained, so that the exchange can earn more in corresponding handling fees. This is how staking EOS in the EOS network obtains broadband, and the principle is the same. So in fact, this is a game process, and the value of LRN can only be reflected because of this game link.
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