LooksRare (LOOKS)
Basics
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).
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
"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."
Utility
Other Details
Stablecoin
Coin Distribution
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
"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
"The maketplace also charges a 2% fee on all trades, which are all handed out to those staking LOOKS tokens."
Upgrades
Staking
"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."
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
"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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