Loopring Upgrades Token Contract To Enable Burn Rates and Enhance Fee Model Flexibility

Leading exchanges and wallet providers such as Binance and Bittrex have confirmed support for upgrade   Shanghai, China — Loopring, the open-source protocol for building decentralized exchanges, has announced an upgrade to its LRC token smart contract that will introduce burn rates and further its goal of enabling fee payment in any ERC20 token. The upgrade, which is scheduled for 00:00 to 24:00 Beijing time on May 8th, will enable the LRC smart contract to reflect reduced LRC supply in real-time as LRC tokens are burned by Loopring’s fee model.…

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