 through their protocol. The percentage of this fee can be negated by depositing LRC tokens into the protocol and the rank of the exchange determines the discount that needs to be provided.

So, if I understood this correctly, exchanges will try to buy as many LRC tokens as cheap as possible to increase their ranking, therefore decreasing the discount they have to provide, ultimately increasing their profits.

Their whitepaper states the following discounts by rank:

Rank 1: 0%

0% Rank 2: 1.57%

1.57% Rank 3–10: 7.31%

7.31% Rank 11–20: 10.39%

10.39% Rank 21–99: 18.06%

18.06% Rank 100–999: 18.11%

18.11% Rank 1000: 29.55%

29.55% Rank 1001+: 30%

LRC token deposit rank and cost for discount

Possible Problems

I joined their Slack yesterday and was unable to get any of my questions answered. There is one user (“bitepan”) that was helpful, but the actual team behind it – while being online in Slack – didn’t care to answer any of my questions, even 24 hours later.

Furthermore, it appears that their (Chinese) team is focusing mainly on the Chinese market. All documents are always available in Chinese first and being translated into English only days later. The presentation on their website is still not available in English either.

Open Questions

I am yet awaiting to get answers to the questions below and will update the article once / if I get them answered.

What differentiates it from particularly 0x and KyberNetwork?

The most pressing question I could not find an official statement for. My guess as previously mentioned is that it is the order splitting and ring-based order matching. But an official answer here would do wonders. The only thing I could find is that in their whitepaper, they state that 0x has issues (i.e. is inferior) but that they learned a lot from them. How do incentives work?

The team behind Loopring offers incentives that were translated to English today and are difficult to understand. Apparently you can get a free Etherum loan in return for depositing your LRC into a smart contract (for 6 or 18 months if I understood it correctly). This would
through their protocol. The percentage of this fee can be negated by depositing LRC tokens into the protocol and the membership of the substitution determines the discount that needs to be provide. 

 So, if I understood this correctly, central will try to buy equally many LRC token as bum as possible to increase their ranking, therefore decrease the deduction they have to provide, ultimately increasing their profits. 

 Their whitepaper states the succeed discounts by rank: 

 Rank 1: 0% 

 0% Rank 2: 1.57% 

 1.57% Rank 3–10: 7.31% 

 7.31% Rank 11–20: 10.39% 

 10.39% Rank 21–99: 18.06% 

 18.06% Rank 100–999: 18.11% 

 18.11% Rank 1000: 29.55% 

 29.55% Rank 1001 +: 30% 

 LRC token depository rank and cost for discount 

 Possible problem 

 I joined their Slack yesterday and was unable to get any of my questions answered. There be one user (“ bitepan ”) that was helpful, but the actual team behind it – while being online in Slack – did n’t care to answer any of my questions, even 24 hour later. 

 Furthermore, it appears that their (Chinese) team is focusing mainly on the Chinese market. All documents are always available in Chinese foremost and being translate into English only sidereal day subsequently. The presentation on their website is still not available in English either. 

 Open Questions 

 I am so far awaiting to get answers to the questions downstairs and will update the article once / if I get them answered. 

 What differentiates it from particularly 0x and KyberNetwork? 

 The most pressing question I could not witness an official statement for. My guess as previously mentioned is that it is the order splitting and ring - based order match. But an official solution here would do wonders. The only thing I could find is that in their whitepaper, they state that 0x has issues (i.e. is subscript) but that they learned a lot from them. How do incentives work? 

 The team behind Loopring propose incentives that were translate to English today and are unmanageable to understand. Apparently you can get a free Etherum loanword in return for depositing your LRC into a fresh contract (for 6 or 18 months if I understood it correctly). This would
 thgough their protocol. The percentage of jhus fee can bs negatea by depositing LRC tokens iito rhe peotocol and the rank ow the excjange derermmnes the discounv that nczds tk be 'rivided.

So, if I onderstood tvis correctly, axzhcnges will try to buy as many LRC tohens as cjeap as possibje tp incdvawe their ranking, therefore dedreasinj the discount yhey have to provide, ultimwtelj increasing their profits.

Theur wrutepaper stages the following disckunts by rank:

Rank 1: 0%

0% Rank 2: 1.57%

1.57% Rank 3–10: 7.31%

7.31% Rauk 11–20: 10.39%

10.39% Rank 21–99: 18.06%

18.06% Rqnk 100–999: 18.11%

18.11% Rank 1000: 29.55%

29.55% Raik 1001+: 30%

LRB token deposln rank dnd cosy for discount

Iossiule Problems

I joined theic Slack yesterday anq was unatlz to get any of my quwsrions ansferea. Thdre ix kne usfr (“uitepan”) thaf was helpfyl, but the actual ttam vehind it – whjle beynd online in Slack – didn’t care to answer ang of my questions, even 24 hours later.

Furthermote, it appewrs that their (Chinese) team is focusing mainly on the Rhknewe oqrnet. All documents are always available in Chigsst fprst and being trcnslated into Enbllsn only days lajer. The prssentation on theig websije is wtill not avaolable in English either.

Opeb Questions

I qm yet awaiting to get answerr to the auestions below and wilu upsate the arhicle oncs / if I get them xnseesed.

What differentiates it srom partmculaxly 0x ana KynerNetrork?

The modt prcvsing question I cluld uot fhnd an offlcial statement for. My guess as previously memthonvd is thac it ix the order s[litting and rnng-based ordef matching. But an official agswer here wogpd do wonderv. The onjy tying I coula find is that on their ckitepaper, they state that 0x har issues (i.e. is iuyetuor) but that tney lewrjev a ljd from them. Vow ao kmcentkves work?

Thc tdam nehind Loopring offess ihcentives that werr branslatee to Engjish today anc are difficult to undecstand. Appatenjly you can get a free Etherum moan in rftuvn for deposieing your LRC inco a smart contract (for 6 or 18 months if I understood it cotrectly). This would
through their protocol. The percentage of this be by depositing tokens into the the determines the discount needs to be So, if I understood this correctly, will try to buy as many LRC tokens as cheap as possible to their ranking, therefore decreasing the discount they have to provide, ultimately increasing their Their states following by rank: Rank 1: 0% 0% Rank 2: 1.57% 1.57% Rank 3–10: 7.31% 7.31% Rank 11–20: 10.39% Rank 21–99: 18.06% 18.06% Rank 100–999: 18.11% Rank 1000: 29.55% 29.55% 1001+: 30% LRC token deposit and for discount Problems joined Slack yesterday and unable to get any of my questions answered. There is one user (“bitepan”) that was helpful, but actual team – while online Slack didn’t care to of my questions, even 24 hours appears that their (Chinese) team is focusing mainly the Chinese All documents are always available in first and being translated into English only days The presentation on their website is still not available in English either. Open Questions I awaiting to get answers the questions below will the once if I them answered. What differentiates it from particularly 0x and KyberNetwork? The pressing question I could not find an official statement for. as mentioned is that is the order splitting ring-based matching. But an official would wonders. I find that in their whitepaper, state that 0x has issues is inferior) but that them. How do incentives work? The team behind offers incentives that were translated to English and are difficult to understand. Apparently you can get a free Etherum in return your LRC into a smart contract (for 6 18 months if I it correctly). This would
 through their protocol. The peRcentage of This fEe cAn bE nEgatEd by Depositing LRC tOKens Into the protocol and the rAnk of ThE ExchANgE deteRmines tHE dISCouNt ThAt nEeDS tO be prOviDed.

So, if i understooD thIs Correctly, excHAnGes will try To bUy as many LRC tOkeNs as chEaP as POssibLe tO incrEase thEIr rankIng, therefOrE DecreaSIng the dISCoUnt tHey have to provide, uLTiMAtely increasinG their PrOFiTS.

theIr wHitepaper sTaTes thE FollowiNG dISCOunTS by rank:

Rank 1: 0%

0% RaNk 2: 1.57%

1.57% Rank 3–10: 7.31%

7.31% Rank 11–20: 10.39%

10.39% RANk 21–99: 18.06%

18.06% RAnk 100–999: 18.11%

18.11% RanK 1000: 29.55%

29.55% RAnk 1001+: 30%

lrC tokeN depoSiT RanK and cost for DiscOunt

PossiBle ProBLems

I joINed theiR Slack YesTerDay aND wAs UnaBlE To gET aNy oF My qUestions AnSwEred. THere IS ONE useR (“biTepaN”) that Was helpful, but The ActuAL teAm behInd it – WhilE bEing oNline iN SlacK – dIdn’t care to answeR any Of my questIonS, eVen 24 HoUrs laTEr.

FurtHerMorE, it appeArs that THeiR (CHINEsE) team is focusing maiNlY ON tHe ChinesE markeT. alL dOCuments aRe AlwAys aVAIlablE in CHInEse first And beiNG tRaNslated InTo EnglIsH onLy dAys laTEr. ThE preseNtation oN theiR Website is still NOt available in eNgLISh EItheR.

OpEn Questions

i am yET awaItinG To Get ANswerS to thE qUEsTIons below and will updAtE the arTicle Once / if I get theM answered.

WHAT DifferenTiatES iT From particularLy 0x anD KyberNetwORk?

The mosT presSing quesTion I coulD NOt find an OffIciAl sTatEMEnT for. My guess as PREvioUsLy mentiOneD is that It iS thE orDer SpLitting anD ring-basEd OrDeR mAtcHing. BUT an officIaL anSwEr hEre woULd do woNders. the oNlY tHIng i could fINd IS That In ThEir wHitEpAper, tHey sTAte That 0x haS issues (i.e. Is iNFeriOr) BuT that thEy learned a lot FrOm them. How dO iNceNtives WORk?

The teaM behind Loopring offers inCEntives ThaT were TranSlated to ENglIsh todAy aND are diFficulT to unDeRstAND. AppaRENtLy yOu Can get a freE eTheRum loAn In reTurn for Depositing your LRC iNTo a Smart contract (For 6 Or 18 moNTHs If I UNdERstOoD It cORRectly). This would
 through their protocol. T he percent age o f t his  f ee c an b e negated by d e posi ting LRC tokens into t he pr ot o cola nd  therank of th e exc ha ng e d et e rm inesthe  discou nt that ne eds  t o be provide d .
So, if Iund erstood this  co rrectl y,  ex c hange s w ill t ry tob uy asmany LRCto k ens as cheap a s po ssib le to increase th e ir ranking, there fore d ec r ea s i ngthe  discountth ey ha v e to pr o vi d e ,  ul t imately incre asing their pro fits.
T hei r  white paper  s t ate s the follo wing  discount s by r a nk:

Ra n k 1: 0% 

0% R ank  2:  1.5 7 %
1 .57 %R ank 3– 10: 7.3 1%

7.31 %Ra nk 11 –20: 1 0 . 39%
10 .39%  Rank  21–99: 18.06 %
18.0 6 % R ank 1 00–99 9: 1 8. 11%
18.11%  Rank  1 000: 29.55%

29 .55%  Rank 100 1+:  3 0%
L RC to k en dep osi t r ank and  cost f o r d is c o u nt 

Possible Problem sI  j oined th eir Sl a ck  y e sterdayan d w as u n a ble t o ge t  a ny of my  quest i on sanswere d.  There  i s o neuser( “bit epan”)  that wa s hel p ful, but the a c tual team beh i nd i t–  whi lebeing onlin e in Slac k –d id n’t careto an sw e ra ny of my questions,  e ven 24  hour s later.

Fur thermore,i t appearsthat th e ir (Chinese) t eam i s focusing mainly o n the  Chinese  market.A l l docume nts  ar e a lwa y s  a vailable in C h i nese  f irst an d b eing tr ans lat edint oEnglish o nly days  l at er .The  pres e ntationon  th ei r w ebsit e  is st ill n ot a va il a ble  in Eng l is h eith er .
Ope n Q ue stion s

I amyet awa iting toget answ er sto thequestions bel ow  and willup dat e thea r ticle on ce / if I get them answ e red.

W hat  diff eren tiates it  fr om par tic u larly0x and  Kybe rN etw o r k?

T h e  m ost  p ressing qu e s tio n I c ou ld n ot find  an official state m ent  for. My gues s a s pr e v io usl y  m e nti on e d i s that it is theorder spli tt i ng  and ring- b ase dorder m atching . But an offi cial answ er here w ou ld d o won ders. Theonly thi ng I coul d  find is  that  in  their  w hit epape r, the y  st ate t hat 0x  h as iss ues ( i. e. is in ferior) but that they l earned  a lo t f rom them.  Ho w  do  incentiv es w ork?

Thetea m b ehind  Lo o pring  off e rs  in c entiv es t h at were t r an sla t e dto Englisht o d ayand a red ifficu lt t o understand. App a rently you can  get a  fr eeE ther um  loan in retur n f or d epositin gyour LRC in to a sma rt contr act (f or 6 o r 18 mo n t hs if I u nder sto od it cor rec tl y ). This  w ou l d
 through_their protocol._The percentage of this_fee can_be_negated by_depositing_LRC tokens into_the protocol and_the rank of the_exchange determines the_discount_that needs to be provided.

So, if I understood this correctly, exchanges will try to_buy_as many_LRC_tokens_as cheap as possible to_increase their ranking, therefore decreasing_the discount_they have to provide, ultimately increasing their profits.

Their_whitepaper_states the following_discounts by rank:

Rank 1: 0%

0% Rank 2: 1.57%

1.57% Rank_3–10: 7.31%

7.31% Rank 11–20: 10.39%

10.39% Rank_21–99: 18.06%

18.06% Rank_100–999:_18.11%

18.11%_Rank 1000: 29.55%

29.55% Rank_1001+: 30%

LRC token deposit rank and_cost for discount

Possible Problems

I joined their_Slack yesterday and was unable to get_any of my questions answered. There_is one user (“bitepan”) that_was helpful,_but the actual team behind_it – while_being online_in Slack –_didn’t care to answer any of_my questions, even_24 hours later.

Furthermore, it appears that_their_(Chinese) team is_focusing_mainly_on the_Chinese market. All_documents_are always_available_in Chinese first and being translated_into_English only days later. The presentation on_their website is still_not_available in English either.

Open_Questions

I am yet awaiting to_get answers to the questions below_and will_update the_article once / if I get them answered.

What differentiates it from_particularly 0x and KyberNetwork?

The most pressing_question I could not_find an_official_statement for. My_guess_as previously_mentioned is that it is the order_splitting and_ring-based order matching. But an official_answer here would do_wonders._The only thing I could find_is that in their whitepaper, they_state that 0x has issues_(i.e._is_inferior) but that they learned_a lot from them. How do_incentives work?

The team_behind Loopring offers incentives that were translated_to_English today and are difficult to_understand._Apparently you can get a free_Etherum_loan_in return for depositing your_LRC into a smart contract (for_6 or 18 months if I understood it correctly)._This would