Loopring Token on NEO & Qtum — Token Sale and AirdropThis post outlines our distribution plan for new Loopring tokens on additional target blockchains, and provides some details specific to the distribution of the Loopring token on NEO and Qtum.
We are scrapping the prior binding process for the airdrop, and creating a new smart contract to facilitate address binding in the coming weeks. Read more to get all the details.
About LoopringLoopring is a blockchain agnostic protocol that enables people to trade tokens in a secure, anonymous, and trustless manner by using users’ private-keys in order to authorize orders directly from their own wallets. Loopring’s robust and progressive design aims to solve more than just the inherent problems that centralized exchanges experience. It is designed for the future “cyber-economy” where economic activities and value transfers and exchanges not only happen between humans, but also between smart agents (robots) powered by artificial intelligence. These smart agents think, own, and trade, powering a new, AI economy. This type of value transfer will be instrumental in supporting innovations such as drone deliveries and self driving taxis.
The Loopring Protocol avoids the performance issues plaguing public blockchains. Loopring accomplishes this by managing, sharing, and ring-matching cryptographically signed orders, all within a consortium blockchain network. Loopring thus bypasses the scaling issues by only posting actual trades as transactions on public blockchains.
Version 1.0 of the Protocol has been deployed on top of Ethereum and Qtum; currently, we are implementing the protocol on the NEO blockchain. In addition, Protocol version 1.1 will introduce a better incentive model.
TerminologyWe are going to use the following terms in this post:
-Target blockchain: A public blockchain where the Loopring Protocol has been or will be deployed.
-LRx: One of the Loopring tokens. LRC stands for the Loopring token on Ethereum, LRN stands for the Loopring token
on NEO, LRQ stands for the Loopring token on Qtum.
-Fund: The fiat money and/or cryptocurrencies we have raised or will raise e.g. via a token sale.
Reference Target Blockchain: The target blockchain whose Loopring token’s total cap (not the market cap on
coinmarketcap) calculated as tokenPrice(in USD) x tokenTotalSupply has become the largest among all LRx tokens for a
considerable amount of time. Ethereum is the current reference target blockchain.
Loopring’s Reference Token (Reference Token): The Loopring token on the reference target blockchain. LRC is the
current reference token.
-Initial Token Distribution Date (ITDD): The date when we start to distribute LRx to token sale participants.
-LEAF: Loopring Ecosystem Advancement Fund, see our 2018 R&D roadmap for more information.
-Airdrop Block Height (ABH): The block height at which a snapshot of the reference blockchain’s account balances will
be taken for calculating the amount of LRx to be airdropped to each target account. There can be multiple ABHs for
each new Loopring token. Each airdrop has a corresponding ABH.
https://medium.com/loopring-protocol/loopring-token-on-neo-qtum-token-sale-and-airdrop-97fa5350457c