The Loopring team announced in a Medium a major managerial change. Stave Guo has been appointed as the project’s CEO. He was Loopring’s Chief Technical Officer (CTO) prior to his recent appointment.
Loopring aims to build an open protocol for scalable, non-custodial, orderbook-based exchanges on Ethereum by leveraging zero-knowledge proofs. LRC, the native token of the Loopring ecosystem, is down by less than 1% in the last 24 hours and is currently trading at $0.8371.