About LooksRare
LooksRare is a community-driven decentralized NFT marketplace that rewards creators, collectors, traders, and token stakers for participating in the LooksRare ecosystem. Launched by anonymous founders in 2022, LooksRare provides similar functionality to other NFT marketplace platforms, with a heavy focus on community rewards.
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.
All transactions on the LooksRare platform are subject to a 2% fee, which is subsequently distributed to platform users and stakers. LooksRare platform users who buy and sell NFTs from specific collections are rewarded with LOOKS, and rewards are calculated on trade volume on a daily basis. LooksRare users who stake LOOKS tokens are rewarded with additional LOOKS distributed from transaction fees. LooksRare price is updated and available in real-time on Binance