The project allocated 120 million of its own LOOKS tokens for a free distribution. On January 10, the value of the coin exceeded $ 4.5
On January 10, LooksRare, a non-fungible tokentrading platform (NFT), announced the launch and distribution of 120 million of its own LOOKS tokens.
looksrare.org
OpenSea users, whose trading volume exceeded 3 ETH ($ 9 thousand, taking into account the current exchange rate as of January 10), from June 16 to December 16 last year, can apply for free LOOKS tokens.
— LooksRare 👀💎 – NFT Marketplace (@LooksRareNFT) January 10, 2022
LooksRare charges a 2% commission on every sale on the trading platform, which is distributed among the LOOKS token holders. LOOKS token is traded on Uniswap and MEXC at $ 1.7, On January 10, its cost exceeded $ 4.5.
Later on, it’ll be the governance token in LooksRare future DAO, but you can already benefit from LOOKS as an incentive for participating in the LooksRare ecosystem.
1- Earn by Staking
100% of LooksRare trading fees are redistributed proportionally to LOOKS stakers.
2-Earn by Trading
You earn LOOKS every time you buy or sell an NFT from an eligible collection via LooksRare.
3-Earn by Providing Liquidity
Provide liquidity to the LOOKS-ETH pair on Uniswap V2 to earn additional LOOKS rewards on top of Uniswap regular liquidity provider rewards.