LRC Supply and Allocation

Modified on Thu, 16 Feb, 2023 at 7:21 PM

According to Coinmarketcap and Messari, LRC was crowdfunded via ICO in 2017 and collected 120,014 ETH or about $45 millions at that time. The LRC was created with the maximum supply of 1,374,513,896 LRC and with the following allocation.


50% was allocated to investors without locking period.


30% was allocated to the Loopring Foundation, with 20% of this portion allocated to co-founders and will be locked for the first 2 years. Another 10% will be used to pay gas fees for partners and transactions on the network during its early stage.


20% was allocated to the Loopring Ecosystem Advancement Fund (LEAF) which is the system that incentivizes Loopring ecosystem development by granting LRC as reward for those who participate with the network.


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