LooksRare (LOOKS)

$0.042

-2.16%

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LooksRare (LOOKS) Price Real Time-Data

The live price of LooksRare (LOOKS) is $0.042 with a 24-hour trading volume of $1.93M. Its 24-hour peak value is $0.044, and its 24-hour low is $0.042. The current circulating supply is 999.94M LOOKS, out of a maximum of 1B LOOKS, leading to a fully diluted market capitalization of $42.82M. LooksRare (LOOKS) to USD price is updated in real-time.

What is LooksRare (LOOKS)?

LooksRare is a decentralized NFT marketplace on the Ethereum blockchain. Launched in January 2022, it focuses on rewarding users for their participation. The platform's native token, LOOKS, plays a key role in the ecosystem, offering rewards for trading and staking, and granting access to exclusive events.

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FAQ

Who are the founders of LooksRare (LOOKS)?

LooksRare was founded by two individuals known by their pseudonyms, Guts and Zodd. They created the platform to provide a decentralized alternative to existing NFT marketplaces, emphasizing community rewards and participation.

How many LooksRare (LOOKS) are there?

The maximum supply of LOOKS tokens is 1,000,000,000. At launch, 75% was allocated to the community through airdrops, staking rewards, and trading incentives. Over 90% of the tokens are now in circulation, with the total supply expected to be reached two years from launch.

What are the potential use cases for LooksRare (LOOKS)?

LOOKS tokens are used to reward users with 100% of trading fees when staked. They also offer trading rewards as rebates and access to exclusive NFT drops and events. This incentivizes active participation and engagement within the LooksRare ecosystem.

What is the history of LooksRare (LOOKS)?

LooksRare was launched in January 2022 by Guts and Zodd as a decentralized NFT marketplace. The platform aims to reward users for their participation, setting itself apart from competitors. Since its launch, it has introduced several features, including a staking system and trading rewards, and continues to grow as a community-focused platform.