Wallet Woes | Loopring Users Question App’s Viability
A surge of frustration is unfolding among Loopring wallet users, as many are left questioning the app's future following the closure of LSW. Despite Loopring climbing 12%, concerns over functionality remain evident, leaving people uneasy about their crypto investments.
Ongoing Functionality Concerns
Problems keep piling up. Reports indicate that several key functions are still non-operational. One disgruntled individual stated, "I kept it until yesterday when it gave me errors when trying to collect points. Goodbye app!" Such claims echo the anxiety surrounding the usability of the wallet. Another person added, "Most functions in the wallet don’t work. I can't connect on desktop since scanning the QR code no longer functions." Many have expressed their decision to convert LRC into ETH to mitigate losses, sparking concern about potential mass user exodus.
Trading Dynamics at Play
Amidst all this, some traders continue to play the market. As the sentiment swings, a comment noted, "Loopring has many trading pairs, and people bet on leveraged ones like 3x short LRC and 3x long, making the price still move." This suggests some level of activity remains, albeit with a cloud of uncertainty hovering.
Management Under Fire
Management decisions are now under increased scrutiny. "My theory is management timed up wallet ‘closing’ near the bottom," claimed one participant. Community trust is at risk, and critics demand more transparency regarding management's handling of the situation. With rumors swirling, one commenter warned, "Soon this coin is going to be delisted from major exchanges."
"Don't let these bad actors off easy," urged a community member, reflecting rising frustration with leadership’s communication style.
Mixed Community Sentiment
The opinions among Loopring's community are far from unanimous:
Negative Sentiment: Many users worry about the waning functionalities, questioning if they can keep using the app.
Critical Voices: A growing number of individuals are dissatisfied with management's lack of clarity and direction.
Caution in Optimism: A few still remain hopeful that the wallet could function independently despite future updates being in question.
Key Insights
🔴 Functionality failure raises serious doubts on user access.
⚠️ "The protocol functions still work, but support has been abandoned," noted a commenter.
💬 Vigilance is key; many users are demanding immediate management action.
As frustrations intensify, this saga reveals significant gaps in communication and governance. Without decisive leadership, Loopring's future remains uncertain, and its users are growing weary of the ongoing struggle to access their assets.