LooksRare (LOOKS)
| Market Cap | $81,627,440 |
|---|---|
| Trading Volume | $4,682,236 |
| Volume / Market Cap | 0.0574 |
| Total Supply | 622,247,000 LOOKS |
| Max Supply | 1,000,000,000 LOOKS |
LooksRare is currently trading at $0.1738, after a price change of 2.34% in the last 24 hours.
Ranked as cryptocurrency #249 by capitalization today, LOOKS market cap is valued at $81,627,440. LOOKS trading volume reached $4,682,236 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on LOOKS coin price prediction page.
What is LooksRare?
LooksRare is a community-centered NFT marketplace that rewards users for buying and selling NFTs. The platform redistributes all the trading charges to users who stake native tokens. LookRare pays NTF creators from the point of sale.
The governance aspect of LooksRare is managed by its founding team, and little of it is made public since the developers remain anonymous. NFT bidders on the platform can place a minimum bid on the whole collection with transfers taken as part of the collection activity and data integrated from Rarity Sniper.
LOOKS is the native token powering LooksRare. There are 245,569,744 company-reported circulating LOOKS tokens from a total supply of 378,180,600 and a hard cap of 1 billion. The initial token supply was 136,916,997, with 96% of the supply going to pre mined rewards and airdrops. The platform airdropped the tokens to users as per their trading volumes during the project inception.
At the project launch, 120 million tokens were availed for the airdrop, and 17 million were set for liquidity management. The transaction fees are paid out in LOOKS and wrapped ether daily. NFT traders are also paid in LOOKS once their NFT is sold on the marketplace.
LooksRare was unveiled in 2022 by pseudonymous co-founders called Zodd and Guts.