View source for LooksRare (LOOKS)

<br />
==Basics==
*Based in:
*Started in / Announced on:
*[[Testnet]] release:
*[[Mainnet]] release: [https://www.theblockcrypto.com/post/129677/nft-marketplace-looksrare-goes-live-with-vampire-attack-on-opensea 10-1-2022]
*[[Non Fungible Tokens (NFTs)|NFT]] marketplace
==History==

* LooksRare is the second major attempt at a [[vampire attack]] on [[OpenSea]] (the former being [[Infinity (NFT)|Infinity]]).

==Audits & Exploits==
*[[bug bounty|Bug bounty]] program can be found [insert here].
*Launched [https://yieldfarmer.substack.com/p/-farm-1000-apr-via-looksrare-and?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NzE1NTQxOCwiXyI6Ikk5aXBzIiwiaWF0IjoxNjQyNDE4NzYxLCJleHAiOjE2NDI0MjIzNjEsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.dfsNizsON8Yob4 without] an audit and without a public [[Github|GitHub]] repository (10-1-2022).
===Bugs/Exploits===
==Governance==
===Admin Keys===
===DAO===
===Treasury===
==Token==
===Launch===
===Token Allocation===

* [https://www.theblockcrypto.com/post/129677/nft-marketplace-looksrare-goes-live-with-vampire-attack-on-opensea From] [[The Block]] (10-1-2022):

''"LooksRare is built around the newly launched LOOKS [[token]], which is being used to reward users of the platform — and attract existing users from [[OpenSea]]. Anyone who traded more than 3 [[ether]] ([[Ethereum (ETH)|ETH]]) ($9,400) on OpenSea between June 16 and December 16 can claim a portion of [[tokens]]."''

===Utility===

* [https://kermankohli.substack.com/p/revenue-an-abused-word-in-crypto?utm_source=substack&utm_medium=email From] [[Kerman Kohli]] (4-8-2022):

''"I decided to drill down into their protocol revenue and then their incentives. Guess what, they’re perfectly correlated and incentives always trump revenue. We can basically call this a failed business that spends a ton on customer acquisition and has very little retention to show for it. Anyone who [[props]] this thing up is getting [[REKT|rekt]]. Highly unprofitable business, no path to profitability and slowed down growth."''

===Other Details===
===Stablecoin===
==Coin Distribution==

* [[Arthur Hayes]] is [https://twitter.com/lookonchain/status/1623266487812358146 currently] the largest individual holding address of $LOOKS(8-2-2023).

==Technology==
*[[Whitepaper]] or docs can be found [insert here].
*Launched [https://yieldfarmer.substack.com/p/-farm-1000-apr-via-looksrare-and?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NzE1NTQxOCwiXyI6Ikk5aXBzIiwiaWF0IjoxNjQyNDE4NzYxLCJleHAiOjE2NDI0MjIzNjEsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.dfsNizsON8Yob4 without] an audit and without a public [[Github|GitHub]] repository (10-1-2022).
===Implementations===
*Built on: [[Ethereum (ETH)|Ethereum]]
===How it works===

* [https://www.theblockcrypto.com/post/129677/nft-marketplace-looksrare-goes-live-with-vampire-attack-on-opensea From] [[The Block]] (10-1-2022):

''"The [https://looksrare.org/ marketplace] explained in a blog post that it indexes all [[Non Fungible Tokens (NFTs)|NFTs]] that exist on the [[Ethereum]] [[blockchain]] so that they can be traded straightaway — and offers can already be made on them. It also lets users buy and sell [[NFTs]] with [[Ethereum (ETH)|ether]] or [[wrapped]] ether ([[Wrapped Ethereum (WETH)|WETH]]), or a mixture of both, and they can make offers using [[WETH]]."''

===Fees===

* [https://www.theblockcrypto.com/post/129677/nft-marketplace-looksrare-goes-live-with-vampire-attack-on-opensea From] [[The Block]] (10-1-2022):

''"The maketplace also charges a 2% fee on all trades, which are all handed out to those [[staking]] LOOKS tokens."''

===Upgrades===
===Staking===

* [https://www.theblockcrypto.com/post/129677/nft-marketplace-looksrare-goes-live-with-vampire-attack-on-opensea From] [[The Block]] (10-1-2022):

''"Currently the platform is offering an extremely high rate of 30,400% APR to those [[Proof-of-Stake (PoS)|staking]] the token. However, this does mean the current supply is likely increasing at a rapid clip."''

====Validator Stats====
===Liquidity Mining===
===Scaling===
===Interoperability===
===Other Details===
==Oracle Method==
==Privacy Method==
==Compliance==
==Their Other Projects==
==Roadmap==
*Can be found [Insert [[LINK|link]] here].
==Usage==

* [https://kermankohli.substack.com/p/revenue-an-abused-word-in-crypto?utm_source=substack&utm_medium=email From] [[Kerman Kohli]] (4-8-2022):

''"I decided to drill down into their protocol revenue and then their incentives. Guess what, they’re perfectly correlated and incentives always trump revenue. We can basically call this a failed business that spends a ton on customer acquisition and has very little retention to show for it. Anyone who props this thing up is getting [[REKT|rekt]]. Highly unprofitable business, no path to profitability and slowed down growth."''

===Projects that use or built on it===
==Competition==
==Pros and Cons==
===Pros===
===Cons===

* [https://kermankohli.substack.com/p/revenue-an-abused-word-in-crypto?utm_source=substack&utm_medium=email From] [[Kerman Kohli]] (4-8-2022):

''"I decided to drill down into their protocol revenue and then their incentives. Guess what, they’re perfectly correlated and incentives always trump revenue. We can basically call this a failed business that spends a ton on customer acquisition and has very little retention to show for it. Anyone who props this thing up is getting [[REKT|rekt]]. Highly unprofitable business, no path to profitability and slowed down growth."''

==Team, Funding and Partners==
===Team===
*[https://www.theblockcrypto.com/post/129677/nft-marketplace-looksrare-goes-live-with-vampire-attack-on-opensea From] [[The Block]] (10-1-2022):
''"LooksRare was launched by two anonymous co-founders, known as Zodd and Guts. It also has a small team of nine, mostly made up of engineers."''

===Funding===
===Partners===
==(:==
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