LooksRare — the community's first NFT marketplace with rewards for participation. Buy NFTs (or sell them) to earn rewards.
Description of the LooksRare project
LooksRare — the community's first NFT marketplace that actively rewards traders, collectors and creators for participating. Part of being community-centric means that LooksRare rewards, empowers and brings back users and creators of the platform.
Some features:
| Get rewards | Users who buy or sell NFTs from eligible collections earn LOOKS tokens. |
| Share platform fees | 100% trading commissions are received by LOOKS members. |
| Creators get paid instantly | Creators receive royalties at the time of sale. |
Looks Rare smart contracts are built to order within a modular system that allows new features to be deployed over time without sacrificing security, thanks to standardized signatures that clearly define the scope of execution.
Looks Rare charges a base selling commission of 2% (in WETH) on all NFT sales, excluding private sales. All WETH, collected from these fees, is consolidated at the end of each recurring 6500 Ethereum block period (approximately 24 hours) and distributed to LOOKS participants in a linear format for each block over the next 6500 block period. Unlike other marketplaces, LooksRare does not charge commission on private sales, so the volume, generated from private sales, adds nothing to the WETH, earned by LOOKS members.
More about the new nft site
Active stakers - the majority of stakers whose LOOKS tokens are fully unlocked. Passive stakers - stakers whose LOOKS tokens are locked for trading but unlocked for staking: namely Team, Treasury and Strategic sale tokens.
An introductory document is available on the site. Thus, you will study in more detail the features of the project and the rules of work. From social networks, the community leads:
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