LOOKS, their native utility token, is used to reward the platform’s creators, collectors and traders. 12% was airdropped to OpenSea users, 18.9% was allocated to staking rewards and 1.7% was kept for liquidity management. LooksRare is powered by the LOOKS token, which is used in both staking and rewards systems. The LooksRare platform operates on the Ethereum blockchain, with users minting and trading Ethereum-based NFTs. The percent change in trading volume for this asset compared to 24 hours ago. Binance – Buy over 350 tokens in seconds with fees as low as 0% 0% FEES Spot, futures, options, NFTs, savings, staking, and Binance Card.
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. LOOKS is used as a means of payment for NFT trades made on the LooksRare platform, as well as a reward token distributed to LooksRare platform users and stakers.
To check LooksRare’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. You will receive an email with instructions for how to confirm your email address in a few minutes. The all-time high price of LooksRare is $7.10 on Jan 20, 2022 . When the price hits the target price, an alert will be sent to you via browser notification. To receive alerts, please allow web browser notification permission.
Market cap is calculated by multiplying the asset’s circulating supply with its current price. Popularity is based on the relative market cap of assets. Over the last day, LooksRare has had 0% transparent volume and has been trading on 56 active markets with its highest volume trading pairs being . LooksRare is a challenger that is not only offering an NFT marketplace with similar options as OpenSea but also its own token that completes its ecosystem. It is possible to tokenize event tickets, art, music, and even digital property, just to name a few examples. Many analysts believe that NFTs will see even more growth with the adoption of the metaverse.
The platform uses the trading fees to reward stakers offering two options. LooksRare is an NFT marketplace based on the Ethereum blockchain that offers similar options that OpenSea does. Users can buy and sell NFTs by making an offer, bidding during an auction, or trading NFTs at a fixed price. CoinGecko provides a fundamental analysis of the crypto market.
Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy https://cryptolisting.org/ of such third-party sites and their contents. Circulating supply shows the number of coins or tokens that have been issued so far.
Q Cryptocurrency Report As we reach the midpoint of the year, it looks like 2022 is shaping up to be an annus horribilis for the crypto market. Join our mailing list for highlights, exclusive offers, and breaking news. Speculations abound for how high LooksRare’s price will get in the future.
A crypto researcher asked herself just this question and decided to research the inflation versus price effects of 700+ coins. Daily fully diluted market cap vs. daily fees in the past 180 days. Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app. Oct 11, 2022 Stacks is a layer-1 blockchain that makes the execution of smart contracts possible. Unlike well-known smart-contract blockchains like Ethereum or Solana, Stacks builds on top of Bitcoin. Even though they’re separate blockchains, Stacks and Bitcoin work together.
This underlines how important NFT marketplaces are and what potential they could possibly unlock once this vision becomes reality. Before you begin trading with OKX, you need to create an account. To buy LOOKS with your preferred fiat, click “Buy with card” under “Buy Crypto” on the top navigation bar. To trade LOOKS/USDT or LOOKS/USDC, click “Basic Trading” under “Trade”. Under the same tab, click “Convert” to convert crypto to 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. The total dollar value of all transactions for this asset over the past 24 hours. The maximum supply of LOOKS is limited to one billion tokens. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. Needs to review the security of your connection before proceeding.
Additionally, users who traded 3 ETH or more on OpenSea between June 16 and December 16, 2021, were eligible for LooksRare’s airdrops. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind.
This is basically done by offering the option to stake the platform’s native LOOKS token and by an extensive rewards program. 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. Launched by anonymous founders in 2022, LooksRare provides similar functionality to other NFT marketplace platforms, with a heavy focus on community rewards.
The biggest NFT marketplace worldwide remains OpenSea with a yearly multi-billion Dollar revenue. There are quite a few reasons why NFTs became successful. First of all, NFT collections are fun and they are what is judgecoin creating strong communities. But what’s even more important is that there is a variety of use-cases for non-fungible tokens involved. They currently take a cut of the total transaction fees paid by buyers .
- Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.
- Circulating supply shows the number of coins or tokens that have been issued so far.
- They currently take a cut of the total transaction fees paid by buyers .
- Oct 11, 2022 Stacks is a layer-1 blockchain that makes the execution of smart contracts possible.
LOOKS price information is available in real-time on Binance. The percent change in trading volume for this asset compared to 7 days ago. The percent change in trading volume for this asset compared to 1 hour ago. The LooksRare price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. The effect of token supply on price Dec 18, 2022 Did you ever wonder whether the inflation rate of a token or coin influences the price?
In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. The platform was founded in January 2022 by two anonymous founders called “Guts” and “Zodd”. Up until this day the team and the founders operate using pseudonyms rather than being represented by a business entity. Staff is strictly paid in crypto and can choose between WETH and LOOKS. LooksRare is committed to improving the usability and options of the marketplace by extending order types on its platform. Such as the option to make an offer for a whole collection, offer to buy an NFT with a specific trait, or cancel orders in a single transaction.
LooksRare price today is undefinedNaN with a 24-hour turnover of undefinedNaN. This crypto’s current market cap ranking is No. 129, with a live market cap of undefinedNaN. It has a circulating supply of 544,846,570 LOOKS and a total supply of 1,000,000,000 LOOKS. The LOOKS token is the core of the platform’s program to reward users and is vital for the marketplace. The fact that the platform has its own token is the major difference between LooksRare and competitors like OpenSea. The token is rewarded to active traders of selected collections and it also offers the opportunity to stake tokens to earn more LOOKS and WETH.
A token is a representation of an on-chain or off-chain asset. The token page shows information such as price, total supply, holders, transfers and social links. LooksRare is an NFT marketplace that curates digital assets.
People Also Ask: Other Questions About LooksRare
One of its major advantages is the fee structure which is slightly cheaper than the fees that are collected on OpenSea. With a 2% fee on NFTs sales, LooksRare is not only cheaper but also defines itself as a community-first marketplace. This is also reflected by the fact that holders of the LOOKS token receive 100% of the trading fees when actively staking their tokens. LooksRare is a community-based NFT marketplace on Ethereum. It features multiple ways to incentivize platform users, including NFT sellers, buyers, and token holders. The core product of LooksRare is its marketplace and unlike OpenSea the platform pledges to give back the trading fees to the users.
The earliest trading data for LooksRare is on January of 2022 . Visit our currency converter page to convert LOOKS prices to currencies other than USD. LooksRare is a non-custodial NFT marketplace protocol built on Ethereum and launched in 2022. LooksRare is a highly community-driven platform, driven by their mission statement, “By NFT people, for NFT people.” The founders of LooksRare are known by their pseudonyms, Zodd and Guts. The core team consists of 14 members, including the founders, engineers, designers, product managers and marketing leads.
They receive royalties from secondary sales (supply-side fees). If you would like to know where to buy Looks Rare, the top cryptocurrency exchange for trading in Looks Rare stock is currently Uniswap . Alternatively, you can buy LOOKS directly with fiat or convert your crypto to LOOKS. NFTs on the LooksRare platform can be traded using Ethereum and wrapped Ethereum . On the other hand, LOOKS is primarily used for staking and rewards.
A decentralized exchange explained Dec 20, 2022 Decentralized finance is not only about providing liquidity and generating revenue. Trading has become one of the major use cases of the constantly evolving industry. But how to bring an exchange with features like order books and even futures trading right on the blockchain? Several projects are working on solutions that provide full fledge decentralized exchanges. NFTs are one of the fastest-growing markets and it already caught the interest of global players like eBay.