BitWell Institute – LooksRare (LOOKS) Project Analysis

1. Short review of the Institute

LOOKS is the native token of LooksRare. 100% of the transaction fees are earned by LOOKS token holders, so the more people trade on the market, the more WETH is earned. Unlike opensea, which allocates all revenue to itself, loosrare allocates all revenue to token holders to empower the token.

Opensea symbolizes capital and looksrare represents the community, similar to the relationship between uniswap and sushiswap. The innovative trading mining method of looksrare is expected to lead to an explosion in the trading volume of looksrare’s nft market in the coming period, resulting in a large number of nft trading volume over opensea’s newsletters, and thus the community users will compare the two.

2. Introduction of the project

LooksRare is a community-first NFT marketplace that actively rewards participating traders, collectors and creators.

3. Token role

  • Single coin pledge mining
  • Liquidity mining
  • Participation in governance

4. Token allocation

Total circulation : 1 billion, total number of tokens in circulation: 84,047,928

  • Airdrop 12%
  • Strategic sale 3.3%
  • LP pledge bonus 1.7%
  • Transaction bonus 44.1%
  • Pledge Bonus 18.9%
  • Founding Team 10%
  • State Treasury 10%

5. Investment institutions

Not disclosed

6. Basic information

Token name: LOOKS

Project website: https://looksrare.org/

Block-query: https://etherscan.io/token/0xf4d2888d29D722226FafA5d9B24F9164c092421E