Question 1

What is LRC?

Accepted Answer

LRC is an Ethereum ERC-20 token associated with Loopring. ERC-20 is Ethereum’s token interface standard: wallets or services compatible with this standard can generally read its balance and initiate token transfers; this only describes its technical token type and does not mean holders own equity in Loopring, receive fixed income, or can still use any legacy product.

Question 2

What do LRC's 18 decimal places mean?

Accepted Answer

Official developer documentation lists LRC as having 18 decimal places. This means the smallest on-chain accounting unit is 10^-18 of 1 LRC; wallets display the integer balance to users after converting it using 18 decimal places. For example, 1 LRC shown in an interface corresponds to 10^18 smallest units in contract accounting. Decimals affect how balances and transfer amounts are represented and converted; they do not change the token quantity itself. When transferring, rely on the asset, network, and recipient address displayed by the wallet, and avoid sending Ethereum tokens to an incompatible network or address.

Question 3

How can I identify the Ethereum LRC listed in the official documentation?

Accepted Answer

The Ethereum LRC address listed on the official contract resources page is 0xBBbbCA6A901c926F240b89EacB641d8Aec7AEafD. To identify LRC on Ethereum, compare the contract address shown by your wallet or block explorer character by character with this address; names and symbols can be imitated, while the contract address identifies the token contract on that chain. This address applies only to the Ethereum network. Before depositing, withdrawing, or interacting with a contract, also confirm the selected network and the asset version supported by the recipient; a “same-name token” or cross-chain representation is not automatically equivalent to this Ethereum contract.

Question 4

Is Loopring still operating, and what does this mean for information about legacy services?

Accepted Answer

The Loopring official website currently states that the project has ceased operations. Therefore, wallet, trading, account, or other product features appearing in past documentation cannot be assumed, based on old documentation, to remain accessible or available today. This status does not mean the on-chain ERC-20 token automatically disappears: whether a token is still displayed at an address depends on Ethereum’s on-chain records and support from the wallet used. However, before clicking old links, approving old contracts, sending assets in, or relying on old services, independently confirm the current status of the page, contract, and service.

Question 5

What should be distinguished when transferring LRC on Ethereum?

Accepted Answer

On-chain LRC transfers follow the Ethereum ERC-20 token transfer method: the sender must use an Ethereum address holding LRC and pay the transaction fees required by the Ethereum network; the recipient address must be able to receive ERC-20 assets on Ethereum. LRC itself is distinct from the asset used to pay Ethereum Gas. Before submitting, verify the recipient address, network, and contract address. The announcement that the project has ceased operations especially means you should not assume a legacy Loopring interface will recover, route, or correct erroneous transfers for you.

Loopring (LRC) Price

Price of Loopring (LRC) Today in USD