Overview of LooksRare (LOOKS)
LooksRare (LOOKS) is a community-centric NFT marketplace launched on January 10, 2022, operating on the Ethereum blockchain. It combines NFT infrastructure with an Automated Market Maker (AMM) model, rewarding users for active participation in trading.
- Token Rank: #710
- Category: NFT Infrastructure
- Blockchain: Ethereum
- Token Type: Utility (Governance & Rewards)
Key Metrics (Real-Time)
| Metric | Value |
|---|---|
| Current Price | $0 USD |
| 24H Change | +5.43% |
| Circulating Supply | 999M LOOKS |
| Total Supply | 1B LOOKS |
| Market Cap | $0 USD |
👉 Track LOOKS price live on CoinEx
What Is LooksRare?
LooksRare is a decentralized NFT platform designed to empower creators and collectors through:
- Community Rewards: Users earn LOOKS tokens for trading NFTs.
- Governance: Token holders participate in protocol decisions.
- Zero Royalty Fees: Optional royalty structures for creators.
Core Features
- NFT Marketplace: Supports ERC-721 and ERC-1155 standards.
- Tokenomics: 10% of trading fees distributed as staking rewards.
- Transparency: Fully audited smart contracts (GitHub).
LOOKS Tokenomics
| Detail | Description |
|---|---|
| Max Supply | 1,000,000,000 LOOKS |
| Circulating Supply | 999,000,000 LOOKS (99.99%) |
| Use Cases | Staking, Governance, Trading Rewards |
Trading Markets
LooksRare tokens (LOOKS) are tradable on centralized and decentralized exchanges, including:
- CoinEx (Primary market)
- Uniswap (Ethereum-based AMM)
Note: Liquidity and volume vary by platform.
Risks and Considerations
Investing in cryptocurrencies like LOOKS involves:
- Market Volatility: Prices can fluctuate rapidly.
- Regulatory Uncertainty: NFT and crypto regulations evolve globally.
- Platform Risk: Smart contract vulnerabilities or exchange issues.
👉 Learn about secure NFT trading strategies
FAQs
1. How do I earn LOOKS tokens?
Users earn LOOKS by listing, buying, or selling NFTs on LooksRare’s platform. Rewards are distributed daily.
2. Is LooksRare better than OpenSea?
LooksRare offers lower fees and token incentives, but OpenSea has higher liquidity. Choose based on your priorities (rewards vs. selection).
3. Can I stake LOOKS tokens?
Yes! Staking LOOKS earns a share of platform trading fees. Visit LooksRare’s staking portal for details.
4. What’s the future of LOOKS price?
Price depends on NFT market trends, adoption, and Ethereum network conditions. Always conduct independent research.
Disclaimer: Crypto investments carry risks. This content is informational only and not financial advice. Verify data with third-party sources before trading.