Table of contents
- What is LooksRare?
- What is LOOKS?
- Team & Investor
1. What is Lookrare?
Looksrare is the NFT Marketplace project on Ethereum. Provide a platform where people can trade their NFTs. With the motto “community first”, Looksrare token will be rewarded to all platform users, from token sellers to buyers.
Vampire Attack is when new projects come to market that want to attract a large number of users. Instead of slowly building relationships through using the platform, these projects will airdrop users of similar projects, and pull a large amount of user files from the other project to the project. mine.
The most famous Vampire Attack is Sushipswap with Uniswap. At that time, when Sushiswap was just launched, it airdropped a large amount of tokens to Uniswap users and successfully attracted more than one billion TVL from Uniswap.
Likewise, now is Looksrare's Vampire Attack with OpenSea and the takeaway is OpenSea's NFT community.
Features of Looksrare
However, to be able to retain users of OpenSea, Looksrare had certain strategies:
- The NFT transaction fee on Looksrare is only 2% which is much lower when compared to OpenSea which is 20%. In addition, All revenue will be rewarded to LOOKS stakers in the form of WETH and LOOKS tokens, which here is the Opensea community.
- In addition, Looksrare rewards tokens for those who trade on its platform.
These two points alone have gained a lot of advantages over Opensea. When all of Opensea's revenue goes back to the project and the project has not had an airdrop plan for users for a long time. Looksrare emerges as a platform that fulfills the wishes of the current NFT community.
Compare OpenSea and Looksrare Trading Volumes
Another point is Lookrare's new features such as:
- Collection Offer: you can offer to buy an entire collection of NFTs or NFTs in a collection.
- Trait Offer: You can offer to buy NFTs of the same nature in a collection.
- Multi - Cancellation: Allows you to cancel multiple transactions in one transaction.
All of the above features will improve the user experience as well as save a large amount of gas fees for them.
LOOKS is a utility token used in the following activities:
- Staking to share revenue from Looksrare.
- Reward those who trade on the platform.
- Airdrop for OpenSea users.
Basic information about LOOKS token
- Ticker: Looksrare.
- Token Name: LOOKS.
- Token Standard: ERC-20.
- Contract: 0xf4d2888d29d722226fafa5d9b24f9164c092421e.
- Token type: Utility.
- Total Supply: 1,000,000,000 LOOKS.
- Circulating Supply: 243,591,552
Distribution of LOOKS tokens
- Volume Reward: 44.1%
- Staking Reward: 18.9%
- Airdrop: 12%
- Founding Team: 10%
- Treasury: 10%
- Strategic Sales: 3.3%
- Liquidity Management: 1.7%.
3. Team & Investor
Team
For now, the project team remains anonymous. I will update everyone more if there is information.
LooksRare project team
There is currently no information about Looksrare's investors. You can find information about the Looksrare (LOOKS) project: Website, Discord and Twitter.
