Please note that Binance.US only supports Ethereum (ERC-20) Loopring (LRC) token deposits and withdrawals. We will be unable to recover tokens sent to the wrong network address.
What is Loopring (LRC)?
Loopring is an Ethereum Layer-2 protocol designed to enable high-speed, low-cost transactions on Ethereum. The protocol increases Ethereum’s scalability using zero-knowledge rollups, or ZK-Rollups, which “rolls” hundreds of transfers into a single transaction, relying on a smart contract to verify all transfers within the transaction. As a “True L2”, or true Layer-2 solution, Loopring relies on the robust security of the Ethereum network, unlike sidechain projects.
LRC is the native token of the Loopring protocol. It is used to pay for transactions on the Loopring Exchange, a decentralized exchange that allows users to trade ERC-20 tokens. Users can also stake LRC to earn rewards in the form of additional tokens.
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