🏷️ Daily Answer to "The Second Question"
#Looks Actually, after the NFT market peaked from 2021 to 2022, the enthusiasm began to rapidly decline, including a sharp drop in overall market demand.
In terms of operational performance, LooksRare's market share is relatively small.
There is still controversy over the specific timing of OpenSea's token launch, and there is quite a bit of uncertainty; it has been said that they would launch it since 2024.
Given the current market background, I believe it is very difficult for the NFT market to return to the enthusiasm and demand of 2021-2022.
Looks has a high-risk preference, both from a fundamental and technical perspective, so I recommend cautious investment.
Crypto东城太守
@PPai_Crypto Can this coin $Looks still be bought? How is this NFT trading platform operating now? I recently saw that OpenSea is about to launch a token; does the NFT market still have potential to recover?
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常为希 ｜加密保安🔸🚢🇺🇸
U's sharp commentary
The market needs value coins
@pumpdotfun doesn't issue coins
@opensea doesn't issue coins
Every day, NFT image dogs run rampant, and no more god-like NFTs like BAYC come out
Every day, CA meme coins run rampant, and no more high market cap meme coins like GOAT PNUT come out
Looks came out, x2yx came out, magiceden came out
Blur came out, competing for traffic and funds
Boop came out, Bonk came out, Believe Launchcoin came out, all similar to the battles between Meituan, JD, and Ele.me
History doesn't repeat itself, but history is astonishingly similar
u
The entire market now needs to be repriced.
Meme vampires like these should go to zero.
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常为希 ｜加密保安🔸🚢🇺🇸
@pumpdotfun does not issue tokens
@opensea does not issue tokens
Every day, NFT image dogs are rampant, and there will no longer be legendary NFTs like BAYC
Every day, CA meme coins are rampant, and there will no longer be high-market-cap meme coins like GOAT PNUT
LOOKS was launched, X2YX was launched, Magic Eden was launched
Blur was launched, competing for traffic and funds
Boop was launched, Bonk was launched, Believe Launchcoin was launched—all resembling the fierce battles between Meituan, JD, and Ele.me
History does not repeat itself, but history is astonishingly similar
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比特Coffee
It's not that large market caps have no chance at all; maybe 1-2 out of 10 large market caps can succeed. With such odds, who would be willing to gamble?
Switching to the logic of major market makers, would you prefer to invest in a few billion in VC or speculate with 10-20 million in spot trading?
#Looks The 4-hour candlestick chart has also broken through. For this type of market cap of 10-20M, fully circulating with spot trading available on various platforms, isn't it appealing?
比特Coffee
Treasure token #LOOKS, bought $20,000 worth of spot at market price. Why is it called a treasure? Because it has a fully diluted market cap of $10-20 million, which is really cheap! I’m not letting VCs with billion-dollar market caps take over!
There will definitely be an altcoin season in the future, but it will be limited to low-market-cap altcoins. We’ll look for those undervalued tokens and succeed. Let’s go #Looks!
The current price of LooksRare is ₺0.53196. Over the last 24 hours, LooksRare has increased by +1.50%. It currently has a circulating supply of 993,364,810 LOOKS and a maximum supply of 1,000,000,000 LOOKS, giving it a fully diluted market cap of ₺530.38M. At present, LooksRare holds the 283 position in market cap rankings. The LooksRare/TRY price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
The NFT sector has experienced significant growth and evolution since its emergence in early 2021. NFTs have found various applications, including collectibles, proof of ownership, and digital assets for games, among others. They can be purchased, earned through play-to-earn (P2E) games, and sold. While most of these activities occur on NFT marketplaces, finding a reliable and high-quality platform can be challenging. Many marketplaces primarily focus on earning, as is typical for businesses. However, excellent options, such as LooksRare (LOOKS), offer enhanced features and benefits.
What is LooksRare?
LooksRare, an OpenSea competitor, is a decentralized, community-centric NFT marketplace for creators, collectors, and traders. LOOKS is the name and ticker symbol of LooksRare's native ERC-20 token.
Non-fungible tokens (NFTs) on the LooksRare platform can be traded using Ethereum (ETH) and wrapped Ethereum (WETH). On the other hand, LOOKS is primarily used for staking and rewards. Additionally, users who traded 3 ETH or more on OpenSea between June 16 and December 16, 2021, were eligible for LooksRare's airdrops.
With a strong emphasis on community engagement, LooksRare aims to establish an interactive and vibrant platform for NFT trading, focusing on rewarding traders, creators, and collectors. LooksRare is proud to be created by NFT enthusiasts for NFT enthusiasts. To demonstrate their commitment to rewarding users, LooksRare conducted an airdrop campaign. Wallets that generated a minimum transaction volume of 3 ETH on OpenSea were eligible for an airdrop of the LOOKS token.
Being community-centric, LooksRare invests its earnings back into the community. Creators receive payment instantly, and 2% of trading fees are reinvested into staking pools. Along with staking rewards, LooksRare also runs promotional events such as gas fee refunds and influencer marketing.
How does LooksRare work?
The platform accommodates single NFT trades and entire collections, allowing users to choose based on their preferences. NFTs can be listed with fixed prices or made available for bidding. All trades are conducted in ETH or WETH. Ultimately, LooksRare aims to outperform the competition by implementing a flat 2% fee on all trades, providing users with a more cost-effective trading experience.
LOOKS: LooksRare's native token
At the core of the LooksRare marketplace lies its native token, LOOKS. Introduced in January 2022, the token has a maximum supply of 1 billion LOOKS. The total supply of LOOKS is 897.85 million, with a circulating supply of 832.1 million LOOKS. Presently, approximately 83% of all LOOKS tokens are in circulation.
LooksRare token distribution
The distribution of LooksRare tokens is as follows:
75 percent is allocated to the community. This includes 12% for airdrops, 18.9% for staking rewards, and 44.1% for volume rewards.
10 percent is allocated to the treasury.
10 percent is held by the founding team.
3.3 percent is reserved for strategic sale.
1.7 percent is dedicated to liquidity management.
About the founders
The founders of LooksRare are known by their pseudonyms, Zodd, and Guts. The core team comprises 14 members, including the founders, engineers, designers, product managers, and marketing leads. LooksRare is a highly community-driven platform driven by its mission statement, "By NFT people, for NFT people." LooksRare draws inspiration from SushiSwap DEX and applies similar principles to the NFT space.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 221 new posts about LooksRare, driven by 162 contributors, and total online engagement reached 983 social interactions. The sentiment score for LooksRare currently stands at 60%. Compared to all cryptocurrencies, post volume for LooksRare currently ranks at 7387. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of LooksRare.
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Posts
221
Contributors
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Sentiment
60%
Volume rank
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LooksRare FAQ
What is LOOKS?
LooksRare is a community-driven NFT marketplace that also acts as a rarity tool for finding and keeping track of rare and valuable NFTs. LOOKS is the name and ticker symbol of LooksRare's native ERC-20 token.
How does LOOKS work?
LooksRare is an NFT marketplace that curates digital assets. LOOKS, their native utility token, rewards the platform's creators, collectors, and traders.
Where can I buy LOOKS?
Easily buy LOOKS tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include LOOKS/USDT and LOOKS/USDC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into LOOKS, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 LooksRare worth today?
Currently, one LooksRare is worth ₺0.53196. For answers and insight into LooksRare's price action, you're in the right place. Explore the latest LooksRare charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as LooksRare, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as LooksRare have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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