We are NOT airdropping LRx to the participating addresses, neither do we request participants to return the cryptocurrencies from any Ethereum forks back to us.

LRC Held by Contracts and Special Addresses

We will not airdrop LRx to any contract addresses or special addresses such as 0x00..00. The corresponding LRx will be put into the LEAF fund.

Bad Addresses

If you bind an invalid or incorrectly formatted target blockchain address to the address of the reference target blockchain, we will be unable to correct the binding or attempt another airdrop. We want to make it very clear that, 1) any LRx airdropped to such addresses will be essentially burned; and 2) if the LRx have not been transferred to the target addresses, we will put them into the LEAF fund and they will NOT be yours to claim. Instead, they will officially belong to the foundation.

Again, be aware: we do not guarantee that the addresses you bind using our tools are valid. It is your responsibility, not ours, to make sure your addresses are valid addresses on the target blockchains.

About NEO and Qtum

NEO

NEO was founded in 2014 and was open source on GitHub in June 2015. Since its inception, the NEO team has experienced the upsurge and boom of the blockchain industry and the frenzy and cooling of the digital money market. With the belief that technology drives progress, NEO was created to shift the traditional economy into the new era of the “Smart Economy” where, 1) digital assets; 2) digital identity; and 3) smart contracts fuse into a solution that has been previously unavailable.

NEO has a market cap of 9+ billion USD and now the 8th largest blockchain project as of this writing.

Loopring on NEO (LRN)

We are working on the Loopring Protocol for NEO. The token, LRN, is therefore a future token. We will use SAFT as our compliant framework for the LRN token sale. We anticipate that LRN will be delivered to investors in one tranche, which is different from our previously stated schedule.

The total supply of LRN will be 139,507,605.45, 1/10 of the total supply of LRC on Ethereum. LRN will be a utility token, as it will be used by the Loopring Protocol on NEO as trading fees and as a means of decentralized protocol governance.

For every 100 LRC, you will receive a total of 6 LRN after all 3 LRN airdrops.

Qtum

Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.

Designed with stability, modularity and interoperability in mind, Qtum is the foremost toolkit for building trusted decentralized applications, suited for real-world, business-oriented use cases. Its hybrid nature, in combination with a first-of-its-kind PoS consensus protocol, allow Qtum applications to be compatible with major blockchain ecosystems, while providing native support for mobile devices and IoT appliances.

With a 3+ billion USD market cap, Qtum is the 18th-ranked blockchain project on coinmarketcap as of this writing.

Loopring on Qtum (LRQ)

We have deployed LRQ (as a QRC-20 token) and the Loopring Protocol v1.0 on top of Qtum mainnet. The total supply of LRQ is 139,507,605.45 (a little more than 139.5 million), which is exactly 1/10 of the total supply of LRC on Ethereum.

LRQ is a utility token and is used by the Loopring Protocol on Qtum as trading fees for now and a means of decentralized protocol governance in the future.

The source code of LRQ and the protocol on Qtum can be found here; LRQ’s smart contract address is QQruCwurjS9Nqy5PGmdSNrALhRsbZCeWvK ; and the protocol’s smart contract addresses can be find here.

If you own 100 LRC at one of the 3 LRQ ABH, the number of LRQ you will receive is: (100/10)*20% = 2LRQ . If you hold 100 LRC at each and every of the 3 LRQ airdrops, you will get a total of 6 LRQ.

Don’t allow the QUANTITY of the distributed LRQ to deceive you. The total received is proportionate to the total supply — it’s all about the percentage of the total supply, not the absolute quantity, and price will ultimately reflect this.

LRN/LRQ Token Sale

Following our token distribution principles, we will sell up to 30% LRN/LRQ tokens to accredited investors. Residents of USA, Canada, Cuba, Iran, Iraq, Syria, North Korea, Singapore and China will not be allowed to participate in the token sale due to national legal regulations. All applications will need to go through our KYC and AML process.

The legal documents related to the token sale will be available upon inquiry for people who we think may qualify. We also recommend you verify the identity of any brokers who approached you regarding the LRN/LRQ token sale.

There will be no discount or bonus!

The ITDD for LRN and LRQ will be different and will be announced separately after we conclude the token sale. Follow us on Twitter for the most up-to-date information.

We Reserve All Rights

It shall be made clear that all LRx are owned by the Loopring Foundation prior to being airdropped. The LRx airdrop schedule to reference token holders does not grant them the right to claim LRx other than the way we have specified in this article. Additionally, we, the Loopring Foundation, reserve the right to interpret, modify, and/or cancel the airdrop at anytime, with or without any prior notification or explanation.

FAQ

Should I participate in LRx token sale or simply buy LRC to receive free LRx airdrop?

It depends on the valuation of the the new LRx. If we sell 30% of LRX for 20 million USD, the total cap of the LRx will be 66.67 million USD. The current LRC total cap is 1.485 billion USD (1LRC = 1.08USD). If you invest 1 million USD to buy LRC, you’ll own 0.067% of all LRC and 0.04% of all that LRx; if you participate in the token sale and buy 1 million USD worth of LRx, you’ll own 1.5% of all that LRx. The question you need to ask yourself is: given all the knowledge regarding the potential of the target blockchain’s ecosystem, what’s the expected valuation of that LRx in the near future.

All my LRC are stored in a hardware wallet, how can I bind addresses using loopring.io?

Binding address using loopring.io has been obsolete to avoid storing the binding in a centralized database that LRC holders have to trust. Now binding address should be done by using a designated smart with normal Ethereum transactions. If your hardware wallet can sign transactions, you are good to go. We recommend using myetherwallet.com to access the smart contract. A tutorial will be available soon.

“Sorry, I missed your update and didn’t bind address, can you help me out and give me the honor to own ‘my’ LRx? I’m a big fan of Loopring, a long-term holder, I’ve put tens of thousand of LRC in the long-term incentive plan, and I’ve always been active in your community, helping you manage your channels, answering questions…, please give me my LRx, please！”

Sorry, but NO. You missed it, then those LRx are not yours to claim. You should have followed us on twitter: twitter.com/loopringorg. Please do not bombard our social media or group chats with messages like above — your messages will be ignored/deleted and you will be removed.

Can we use LRC for all other blockchains that the Loopring Protocol will be deployed onto?

We wish we could, but Loopring is not a cross-chain trading protocol, at least for now. We need one token for each target blockchain.

I have bound addresses using the smart contract but I want to change my target addresses, can I do a rebinding?

Yes, the smart contract will allow you to update the bound addresses.

When will LRQ or LRN be listed, on which exchanges?