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LooksRare news
About LooksRare
What Is LooksRare (LOOKS)?
LooksRare is a decentralized, community-first NFT marketplace. The protocol was released on the Ethereum blockchain with an ERC-20 utility token — LOOKS — in January 2022.
The LooksRare platform enables individuals to trade non-fungible tokens, with an emphasis on rewarding users for their participation.
The LOOKS token serves a handful of functions within the LooksRare ecosystem:
100% of trading fees are earned by users who ‘commit’ their LOOKS in the form of Protocol Rewards
Every (non-private) trade incurs a Trading Reward, which acts as a LOOKS rebate for the fee paid on LooksRare trades (currently 0.5%, collected in ETH)
It can be used to participate in exclusive drops and other token-gated applications
Who Founded LooksRare?
LooksRare was launched by pseudonymous founders Guts and Zodd as a decentralized alternative to OpenSea.
How Many LOOKS Tokens Are There?
LOOKS has a maximum supply of 1,000,000,000 tokens. Over 90% now form part of the circulating supply.
Upon launch, 75% of the maximum supply was earmarked for the community:
12% was issued in an airdrop
18.9% was reserved for those who commit LOOKS
44.1% was reserved for volume rewards — incentivizing participation on the platform
According to its emission schedule, LOOKS will reach its maximum supply two years from its release. The platform collects a 0.5% transaction fee in WETH on all NFT sales. Each 6,500 Ethereum blocks (approximately 24 hours), the collected fees are linearly redistributed to LOOKS committers over the next 6,500 blocks.
The live LooksRare price today is $0.107943 USD with a 24-hour trading volume of $64,151,471 USD. We update our LOOKS to USD price in real-time. LooksRare is down 4.98% in the last 24 hours. The current CoinMarketCap ranking is #308, with a live market cap of $107,936,556 USD. It has a circulating supply of 999,941,673 LOOKS coins and a max. supply of 1,000,000,000 LOOKS coins.
If you would like to know where to buy LooksRare at the current rate, the top cryptocurrency exchanges for trading in LooksRare stock are currently OKX, Bybit, CoinTR Pro, Bitrue, and Bitunix. You can find others listed on our crypto exchanges page.