LooksRare (LOOKS)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release: 10-1-2022
• NFT marketplace

History

• LooksRare is the second major attempt at a vampire attack on OpenSea (the former being Infinity).

Audits & Exploits

• Bug bounty program can be found [insert here].
• Launched without an audit and without a public GitHub repository (10-1-2022).

Token

Token Allocation

• 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 (ETH) ($9,400) on OpenSea between June 16 and December 16 can claim a portion of tokens."

Technology

• Whitepaper or docs can be found [insert here].
• Launched without an audit and without a public GitHub repository (10-1-2022).

Implementations

• Built on: Ethereum

How it works

• From The Block (10-1-2022):

"The marketplace explained in a blog post that it indexes all 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 ether or wrapped ether (WETH), or a mixture of both, and they can make offers using WETH."

Fees

• 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."

Staking

• From The Block (10-1-2022):

"Currently the platform is offering an extremely high rate of 30,400% APR to those staking the token. However, this does mean the current supply is likely increasing at a rapid clip."

Roadmap

• Can be found [Insert link here].

Team, Funding and Partners

Team

• 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."

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