Source: LOOKSUSD Chart by TradingView
LOOKS is the token powering LooksRare, the community-focused NFT marketplace that actively rewards traders and creators for participating.
100% of LooksRare’s platform trading fees are earned by LOOKS token stakers: a rewards model created in direct response to the previous generation of NFT marketplaces whose fees mostly reward a single entity.
Users earn LOOKS tokens by trading NFTs on LooksRare, staking LOOKS (which also earns WETH fees), and more. LooksRare’s trading experience is intuitive for experienced NFT traders, while also providing new and innovative features like collection-wide offers, instant royalty payouts for creators, and flexible purchases using mixed tokens (WETH +ETH).
Report: Wash trading accounts for 95% of LooksRare trading volume
LooksRare incentives for active traders on its platform appears to incentivizes the wash trading acts.
NFT trades on LooksRare are mostly wash trading, accounts for over $8 billion
Of the over $9 billion dollar worth of trades on LooksRare, over 80% of them were wash trading.
Transaction volume up, users down – is OpenSea challenger LooksRare gmi?
After a blasting start, OpenSea challenger LooksRare still boasts high transaction volumes, but are the numbers “real” and is LooksRare gonna make it in the long run?
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