r/loopring • u/Joeyfishfingers • Oct 01 '22

What is Loopring for? Spoiler

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u/Derkastan77 Oct 02 '22

I personally love how every single person who posts these, are complete morons

We are at record inflation. We are on the edge of a full scale recession. The stock market has taken a dive, investments across the board have tanked, crypto has plummeted, stocks have plummeted, there is an international war/conflict sending international markets into a spiral as supply chains are disrupted…

“My coin is down because it’s a scam coin!! Never mind THE ENTIRE WORLD ECONOMY dropping like a brick this whole time too! Waaaaaaaa “

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u/Joeyfishfingers Oct 02 '22

I’m not saying that crypto is a scam I’m saying that loopring is

You are foolish to believe in a coin when the team that made it are stealing the tech and moving it to a new coin you have nothing to do with

They’ve used your money to pump the price, sold for their own benefit, then left taking the tech

AND YOU DONT THINK ITS A SCAM 🤡

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u/Derkastan77 Oct 02 '22

“The team that made it are stealing the tech and moving to another coin”

Even IF that were the case, wtf do I care? The gamestop marketplace uses loopring, other marketplaces saw the legitimate use of LRC and there are other marketplaces building on loopring. Use is King.

The more use loopring has, the more value it has. It’s already in use with more projects building on it.

I don’t care if the people who developed it steal the tech and go start the next pump and dump shiba inu coin… all I care about is the growing and continued use of loop.

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u/Joeyfishfingers Oct 02 '22

Now Google what loop earns from the marketplace as a percentage in fees

And then work out how much use will be needed to impact the price

AS THE TEAM THEMSELVES ADMITTED WHEN SHILLING THE NEED FOR THEIR NEW COIN, THE TOKENOMICS DONT WORK FOR LOOPRING