About LOOKS
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Frequently Asked Questions
What Is LooksRare (LOOKS)?
Read MoreLooksRare is a decentralized, community-first NFT marketplace. The protocol was released on the Ethereum blockchain with an ERC-20 utility token — LOOKS — in January 2022.
The LooksRare platform enables individuals to trade non-fungible tokens, with an emphasis on rewarding users for their participation.
The LOOKS token serves a handful of functions within the LooksRare ecosystem:
- 100% of trading fees are earned by users who ‘commit’ their LOOKS in the form of Protocol Rewards
- Every (non-private) trade incurs a Trading Reward, which acts as a LOOKS rebate for the fee paid on LooksRare trades (currently 0.5%, collected in ETH)
- It can be used to participate in exclusive drops and other token-gated applications
Who Founded LooksRare?
Read MoreLooksRare was launched by pseudonymous founders Guts and Zodd as a decentralized alternative to OpenSea.
How Many LOOKS Tokens Are There?
Read MoreLOOKS has a maximum supply of 1,000,000,000 tokens. Over 90% now form part of the circulating supply.
Upon launch, 75% of the maximum supply was earmarked for the community:
- 12% was issued in an airdrop
- 18.9% was reserved for those who commit LOOKS
- 44.1% was reserved for volume rewards — incentivizing participation on the platform
According to its emission schedule, LOOKS will reach its maximum supply two years from its release. The platform collects a 0.5% transaction fee in WETH on all NFT sales. Each 6,500 Ethereum blocks (approximately 24 hours), the collected fees are linearly redistributed to LOOKS committers over the next 6,500 blocks.
What is the all-time high price of LooksRare (LOOKS)?
Read MoreThe all-time high of LOOKS was 7.07 USD on 2022-01-21, from which the coin is now down 99.4585232324611%. The all-time high price of LooksRare (LOOKS) is 7.07. The current price of LOOKS is down 99.4585232324611% from its all-time high.
How much LooksRare (LOOKS) is there in circulation?
Read MoreAs of
, there is currently 999.94M LOOKS in circulation. LOOKS has a maximum supply of 1.00Bn. What is the market cap of LooksRare (LOOKS)?
Read MoreThe current market cap of LOOKS is 38.28M. It is calculated by multiplying the current supply of LOOKS by its real-time market price of 0.038282407465.
What is the all-time low price of LooksRare (LOOKS)?
Read MoreThe all-time low of LOOKS was 0.04923218
, from which the coin is now up -22.241088115537437%. The all-time low price of LooksRare (LOOKS) is 0.04923218. The current price of LOOKS is up -22.241088115537437% from its all-time low. Is LooksRare (LOOKS) a good investment?
Read MoreLooksRare (LOOKS) has a market capitalization of $38.28M and is ranked #730 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze LooksRare (LOOKS) price trends and patterns to find the best time to purchase LOOKS.