Avalanche is a public programmable network for creating decentralized applications (Dapps) and customized blockchains. Avalanche mainnet was launched in 2020, and it has its own token called AVAX. Avalanche coins serve as fuel for its ecosystem. They safeguard the network, pay for operations, and provide the basic joint account between numerous subnetworks created by the Avalanche network.
Loopring was founded by Daniel Wang in August 2017. Loopring is a solution that allows for the creation of low-cost, high-efficiency DEXs. Loopring native token goes under ticker LRC.
Loopring is a second-layer (L2) Ethereum based protocol that aims to create a decentralized payment platform without sacrificing the advantages of the centralized system. Loopring utilizes neither proof-of-work (PoW) nor proof-of-stake (PoS) consensus mechanism. Instead, it uses a unique Loopring protocol based on a three-layer Merkle Tree. This mechanism provides top-level security and enables 4,000 transactions per second (TPS).
If you want to know how much LRC you can get for your AVAX coins, check out our AVAX to LRC calculator feature. Enter the amount of AVAX you are willing to exchange in the “You Send” field. You will see the exact amount of LRC tokens in the “You Get” field.
If the calculated ratio works for you, you can proceed to the second stage – conversion. Here is all you have to know on how to convert AVAX to LRC without compromising your identity:
No know your customer (KYC) is needed. The whole process is incredibly fast and takes from 5-30 minutes. Godex is exactly what you think it is – an ideal platform for trading cryptocurrency.
As of June 16, 2021, one Avalanche token was worth $14.18 and LRC had a price of $0.299 per token. If we zoom out a bit on the charts, we will see that both coins have almost identical price trajectories. They entered the bull market at the beginning of 2021. Their prices peaked in February, had a few resistance waves throughout March and May, and now they complete the cycle by hitting the lowest price rates since January 2021. Both coins are in a bear market, meaning it's a perfect time to buy them.
View a live AVAX to LRC chart right below the calculator, so that you are fully aware of the current exchange rates. You can adjust charts as you wish by clicking on a gear-wheel icon in the bottom right corner of the chart.
The supply-demand factor is a giant driving force behind AVAX to LRC price formation. LRC has a limited supply of 1,374,513,896 tokens. As of June 16, 2021, there is only 11% of this amount left. It means that once Loopring hits this margin, the supply will discontinue and the demand will drive prices sky-high. It's better to invest now when there are still coins left and the price is low.
Are you planning to exchange your AVAX to LRC? What are you waiting for? Go to Godex and do that with a couple of clicks.
Loopring utilizes zero-knowledge rollups (zkRollups). They are the backbone of its protocol. Through zkRollups, Loopring can bundle thousands of transactions off the chain and submit them as a single transaction to the Ethereum blockchain. This provides security and efficiency to the exchange process.
There is no need to undergo the KYC verification to start swapping with Godex. You don't have to worry about the privacy of your data because Godex provides full anonymity. Godex has one of the best exchange rates on the market. In other words, Godex is a platform that perfectly suits AVAX to LRC exchange.
We keep the exchange process as transparent as possible. Before using our AVAX to LRC converter, we strongly suggest checking out coin prices displayed in the chart on the main page.
Our calculator takes into consideration a bunch of factors, such as AVAX price, LRC price, and transaction fees. After that, it automatically generates the number of LRC coins you will get based on the amount of AVAX tokens you entered in the "You Send" field.
CLORE0,002273USD9,00%
VLX0,0000019USD9,00%
SLERF0,003383USD2,00%
BAR0,2796USD0,55%Follow our simple guide and convert AVAX to LRC seamlessly and anonymously with Godex.
Loopring works directly with the Ethereum network. It is projected that after the Ethereum 2.0 update, Loopring will be able to do over 100,000 TPS. This kind of throughput will outmatch even Visa in that regard.
Avalanche utilizes a one-of-a-kind consensus protocol that consolidates strong security assurances with high throughput (4,500 TPS), and rapid finality, without affecting main principles of decentralization.
Avalanche and Loopring are an ideal pair for trading because it stands for the same principles – security, fast transactions, and decentralization. Godex is like no other exchange platform that can support those principles.
Always pay attention to the market cap to 24-hour trading volume ratio. If the trading volume is 10% or higher, it means the coin is relevant. As we can see, LRC trading volume for the last 24 hours is $36,941,965 and the market cap is $363,910,152. The ratio is more than 10%. On the other hand, Avalanche has a much larger market cap ($2,492,741,842), but the 24-hour trading volume is only $81,146,354 (3.2% ratio).
We don't have any limitations as far as the cryptocurrency exchange goes. However, Godex has a minimum transaction amount. It differs from one crypto pair to another. If you want to convert AVAX to LRC, the starting amount of AVAX tokens for the transaction to occur is 8.184 coins.
