The current price of LooksRare is $0.060200. Since 00:00 UTC, LooksRare has decreased by -2.59%. It currently has a circulating supply of 993,848,659 LOOKS and a maximum supply of 1,000,000,000 LOOKS, giving it a fully diluted market cap of $60.19M. At present, the LooksRare coin holds the 232 position in market cap rankings. The LooksRare/USD price is updated in real-time.
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The NFT sector has experienced significant growth and evolution since its emergence in early 2021. NFTs have found various applications, including collectibles, proof of ownership, and digital assets for games, among others. They can be purchased, earned through play-to-earn (P2E) games, and sold. While most of these activities occur on NFT marketplaces, finding a reliable and high-quality platform can be challenging. Many marketplaces primarily focus on earning, as is typical for businesses. However, excellent options, such as LooksRare (LOOKS), offer enhanced features and benefits.
What is LooksRare?
LooksRare, an OpenSea competitor, is a decentralized, community-centric NFT marketplace for creators, collectors, and traders. LOOKS is the name and ticker symbol of LooksRare's native ERC-20 token.
Non-fungible tokens (NFTs) on the LooksRare platform can be traded using Ethereum (ETH) and wrapped Ethereum (WETH). On the other hand, LOOKS is primarily used for staking and rewards. Additionally, users who traded 3 ETH or more on OpenSea between June 16 and December 16, 2021, were eligible for LooksRare's airdrops.
With a strong emphasis on community engagement, LooksRare aims to establish an interactive and vibrant platform for NFT trading, focusing on rewarding traders, creators, and collectors. LooksRare is proud to be created by NFT enthusiasts for NFT enthusiasts. To demonstrate their commitment to rewarding users, LooksRare conducted an airdrop campaign. Wallets that generated a minimum transaction volume of 3 ETH on OpenSea were eligible for an airdrop of the LOOKS token.
Being community-centric, LooksRare invests its earnings back into the community. Creators receive payment instantly, and 2% of trading fees are reinvested into staking pools. Along with staking rewards, LooksRare also runs promotional events such as gas fee refunds and influencer marketing.
How does LooksRare work?
The platform accommodates single NFT trades and entire collections, allowing users to choose based on their preferences. NFTs can be listed with fixed prices or made available for bidding. All trades are conducted in ETH or WETH. Ultimately, LooksRare aims to outperform the competition by implementing a flat 2% fee on all trades, providing users with a more cost-effective trading experience.
LOOKS: LooksRare's native token
At the core of the LooksRare marketplace lies its native token, LOOKS. Introduced in January 2022, the token has a maximum supply of 1 billion LOOKS. The total supply of LOOKS is 897.85 million, with a circulating supply of 832.1 million LOOKS. Presently, approximately 83% of all LOOKS tokens are in circulation.
LooksRare token distribution
The distribution of LooksRare tokens is as follows:
75 percent is allocated to the community. This includes 12% for airdrops, 18.9% for staking rewards, and 44.1% for volume rewards.
10 percent is allocated to the treasury.
10 percent is held by the founding team.
3.3 percent is reserved for strategic sale.
1.7 percent is dedicated to liquidity management.
About the founders
The founders of LooksRare are known by their pseudonyms, Zodd, and Guts. The core team comprises 14 members, including the founders, engineers, designers, product managers, and marketing leads. LooksRare is a highly community-driven platform driven by its mission statement, "By NFT people, for NFT people." LooksRare draws inspiration from SushiSwap DEX and applies similar principles to the NFT space.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 633 new posts about LooksRare, driven by 113 contributors, and total online engagement reached 12K social interactions. The sentiment score for LooksRare currently stands at 66%. Compared to all cryptocurrencies, post volume for LooksRare currently ranks at 4857. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of LooksRare.
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Posts
633
Contributors
113
Interactions
11,903
Sentiment
66%
Volume rank
#4857
X
Posts
625
Interactions
11,874
Sentiment
67%
LOOKS FAQ
What is LOOKS?
LooksRare is a community-driven NFT marketplace that also acts as a rarity tool for finding and keeping track of rare and valuable NFTs. LOOKS is the name and ticker symbol of LooksRare's native ERC-20 token.
How does LOOKS work?
LooksRare is an NFT marketplace that curates digital assets. LOOKS, their native utility token, rewards the platform's creators, collectors, and traders.
What is the LOOKS price prediction?
While it’s challenging to predict the exact future price of LOOKS, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is LooksRare worth today?
Currently, one LooksRare is worth $0.060200. For answers and insight into LooksRare's price action, you're in the right place. Explore the latest LooksRare charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as LooksRare, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as LooksRare have been created as well.
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The content on this platform ("Content"), is sourced from external parties and sources not affiliated with OKX. OKX does not endorse or guarantee the accuracy, reliability, or suitability of the Content , and we are not responsible or liable for any errors, delays, or inaccuracies. The Content, including any external links, are for general informational purposes only and is not intended to provide (i) investment advice; (ii) a recommendation, offer, or solicitation to buy, sell, or hold any crypto asset or to engage in any specific trading strategy; or (iii) investment, financial, accounting, legal, or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, and their value can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult a legal, tax, and/or investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning.
