Very confused about the lrn lrq stuff

Speaking just for Dolomite, our priority right now is Ethereum and Loopring Chain. Loopring Chain will likely enable cross chain trading in the future so LRx won't be needed in the future. Perhaps @mattfin has a link for this when Daniel himself said it.

N
Very confused about the lrn lrq stuff
Think LRN and LRQ as native tokens to NEO and QTUM respectively. Just like how Ethereum has ERC20 tokens, they have their own tokens as well. Hence, LRC is ran on top of Ethereum. Ever notice that some assets on CMC say "token" while others say "coin"? Reason being, tokens are built on top of the platform, whereas coins are native to it. Here's two links to see what I mean, you may find one familiar (Nebulas): https://coinmarketcap.com/currencies/nebulas-token/ https://coinmarketcap.com/currencies/loopring/

I understand the coin/token thing...just not the three different versions of loopring. Since they created several different tokens I was wondering if it would be posted to Nebulas considering the partnership

Ah gotcha. I personally haven't heard anything about it being ported. The primary reason why they all co-exist is to support run Loopring's exchange paradigm on separate smart contract platforms. Since these three blockchains, Ethereum, Neo, and Qtum cannot all interact with each other but have different assets, they all need a variant of Loopring's token in order for the exchange to function

When can I start using Dolomite?

Very soon 😊 I'm working on it right now as we speak. We're tying together the KYC essentials

Soon you can change 1: 1 LRC, LRN?

Of course! Expect us to be much more active with the Loopring community as well.

I am confused between loopring and loopring(neo)... Which is the latest.. read about the project.. seems interesting

Ketan Surana
I am confused between loopring and loopring(neo)... Which is the latest.. read about the project.. seems interesting
Hi Ketan. Thanks for the interest. There is no real ‘lastest’. LRC is our protocol token on Ethereum (and was indeed the ‘original’), while LRN was meant to serve the same purpose on NEO. But due to a few reasons with NEO platform, LRN will instead be used as the protocol token on our Loopring-specific sidechain. Full newest details on LRN mechanics haven’t been released yet, but we will as soon as all the details are ironed out. As for LRC, you can see the mechanics here: https://link.medium.com/fqFqEpRJQT
Btw, for all the non-redditors in here, here is a quick recap of the AMA with Daniel from this weekend :). https://link.medium.com/mD9sftWJQT

Anyone want to get rid of some LRC? I’m buying!

Ahmed
U shouldn’t have a problem buying it off exchanges

Agreed. Or if you find a counterparty @jeffamal , use something like upwallet.io, no counterparty risk that way. People have tried to scam before. Luckily our very own products can preclude that :).

💢MetaMask has officially opened the Decentralized Ethereum Asset Exchange. At the exchange there are more than 8,000 types of tokens. ⚠️Only today you can sell any tokens for 300-400% more expensive. 🔰MetaMask Exchange: http://clc.am/DLbXVA

https://youtu.be/icfPjeiHP8M
GreatScott!
https://youtu.be/icfPjeiHP8M

Awesome thanks @GrtScott, love the talk with Jay and hearing about Looprings recent developments 👍

https://medium.com/loopring-protocol/on-looprings-long-term-incentive-program-bb317c2729f0i just experienced another coin with a similar setup and watched them dump tokens on top of me cause i missed the incentive. how will participants not dump tokens in this current market?sure incentive to hodl longer for more rewards is one i can think of. any other ideas of why participants wont dump on us now?i guess this was set up long before the current market was in effect.

Thanks for the time @CryptokoalaAU

the don
https://medium.com/loopring-protocol/on-looprings-long-term-incentive-program-bb317c2729f0i just experienced another coin with a similar setup and watched them dump tokens on top of me cause i missed the incentive. how will participants not dump tokens in this current market?sure incentive to hodl longer for more rewards is one i can think of. any other ideas of why participants wont dump on us now?i guess this was set up long before the current market was in effect.

Hey Don. What do you mean cause you missed the incentive? As in were late? Mind sharing which one? Could be instructive. But yes, you’re right in that it was created long ago. Don’t necessarily agree it leads to dump. If anything massive gains could be said to lead to the same. But of course, that’s not advice and it’s all highly subjective.

Oh God, why it's down :/

Keep buying and get the volume guys, this is the time to get up again to the 3k satoshi again

Crypt0Bank

oh my goodness, that's the LRC real TOP to go ;)

What if all the traders from ETH side come to BTC pair? :P

We need whales again on LRC :/

this is the incentive program im talking abouthttps://medium.com/loopring-protocol/on-looprings-long-term-incentive-program-bb317c2729f0i have participated in the 3 airdrops.

I wouldn't be surprised if the price goes in the other direction (up), because nothing makes sense with regards to price anymore lol