2018 Web3 DEX: Loopring Startup Dem Rise and Funding Collapse
For 2018, one Web3 startup wey dem call Loois start build one decentralized exchange (DEX) for top Loopring protocol. As CTO, Keegan collect 20 people agile team come launch di first DEX version within six weeks. Di project gain Loopring endorsement, dem hold one well-attended launch event, and dem plan cross-chain trading aggregator dey combine 0x and other protocols. But for di start of 2018 bear market, on-chain activity sharply drop and di parent company revenue waka comot. Dem try find fresh funding for di DEX but e fail because capital freeze, so di team scatter finally. Even though di project fail, e still improve di team tori skills for Solidity and Go, extend their Web3 network, and show how market cycles and cash management dey important for crypto startups.
Neutral
Dis review of one 2018 Loopring-based DEX project dey give better lesson but e no get any direct news wey go shake market. Traders fit notice how bear-market cycles and funding risk dey affect DEX ventures. E show long-term tori about project sustainability, but no dey show any quick price or feeling change. Dis case study still neutral for current crypto trading matter dem.