What is the issuance amount of lrc coins?

The circulation of LRC coins is 1,373,954,672. LRC coins are used to pay transaction fees, provide liquidity, and participate in governance. The total issuance is determined and will not increase. The token distribution is: 35% to the community, 12.5% ​​to the team, 6.5% to advisors, 30% to investors, and 16% to the foundation. The current circulating supply is approximately 1,262,584,893 coins.

What is the issuance amount of LRC coins? The circulation of

LRC coins is 1,373,954,672.

Details:

LRC coin is the native token of the Loopring protocol and is used to pay transaction fees, provide liquidity, and participate in governance. The total issuance of LRC coins is predetermined and will not increase over time.

Token Allocation:

The initial allocation of LRC coins is as follows:

• Community: 35%
• Team: 12.5%
• Advisors: 6.5%
• Investors: 30%
• Foundation: 16%

Token usage:

• Pay transaction fees: LRC coins are used to pay transaction fees on the Loopring protocol.
• Providing Liquidity: LRC coins can be deposited into the Loopring protocol’s liquidity pool to provide liquidity and earn transaction fees.
• Participate in governance: LRC currency holders can participate in the governance of the Loopring protocol through on-chain voting.

Circulating supply:

Currently, the circulating supply of LRC coins is approximately 1,262,584,893 pieces. This means that the majority of LRC coins are still out of circulation and are still being distributed to various stakeholders.

In the world of digital assets, Loopring (LRC) has always attracted attention for its impressive performance and innovative blockchain solutions. Today (July 4, 2024), LRC’s last price was $0.155, with a 24-hour trading volume of nearly $20 million. While the price has declined slightly over the past 24 hours, LRC has shown continued bullish momentum over the past few weeks.

It is worth noting that the circulating supply of LRC is 1.367 billion, while the maximum supply is unknown. This suggests that LRC may rise further as its limited supply may push its value higher. Furthermore, LRC’s total market capitalization currently exceeds $212 million, indicating its considerable influence in the cryptocurrency market.

Looking ahead, LRC’s momentum appears to be strong. The continued adoption and enhancements of its revolutionary decentralized exchange protocol may bring further growth to the project. As the digital asset industry continues to thrive, Loopring is expected to occupy a leading position in the future, providing users with safe and efficient trading solutions.

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