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.
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
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
💢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://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.