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Loopring is an open protocol designed for the building of decentralised crypto exchanges which is looking to offer the advantages of these exchanges which enhance liquidity and improve the efficiency of order execution through hybrid solutions such as combining a large number of orders into circular trades instead of one-to-one trading pairs. The project’s ultimative objective is to offer a combination of centralised order matching with decentralised order settlement on-chain. LRC is Loopring’s native token based on the ERC20 token standard for incentivising protocol-desirable behaviour from DAO governors, insurers and liquidity providers.