Question 1

What is the LooksRare Token?

Accepted Answer

What is the LooksRare Token?

The LooksRare ($LOOKS) token is the LooksRare protocol’s native cryptocurrency. It is a fungible token that follows the ERC-20 token standards and lives on the Ethereum blockchain. The token was minted in December 2021 and started to trade in January 2022.

For more information regarding the LooksRare coin, make sure to check out our LOOKS token article!

Question 2

What is the LooksRare Token's Role?

Accepted Answer

What is the LooksRare Token's Role?

For now, the LooksRare (LOOKS) token serves as a stackable token that enables users to earn APY and get their hands on the protocol’s rewards. According to the project’s documentation, $LOOKS will also become a governance token in the future.

Question 3

LooksRare Coin Tokenomics

Accepted Answer

Symbol/ticker: LOOKS or $LOOKS
Network: Ethereum
Token type: ERC-20
Minted on: December 21, 2021
Token smart contract address: 0xf4d2888d29D722226FafA5d9B24F9164c092421E
Initial total supply: 200,000,000 $LOOKS (pre-minted tokens)
Maximum total supply: 1,000,000,000 $LOOKS
Token allocation: Visit the LooksRare docs

Question 4

Is the LooksRare Token a Good Investment?

Accepted Answer

Only you can answer that question based on your current financial situation and risk tolerance. Plus, to answer that question, you should use this page to research the asset more thoroughly. Also, do not forget to consider the token’s alpha metrics (real-time, on-chain data), as they’ll help you determine if now is a good time to buy the token.

Question 5

How to Buy the LOOKS Token?

Accepted Answer

How to Buy the LOOKS Token?

The simplest way to buy the LooksRare token is to use the “Swap” feature in the top-right section of this page. To buy $LOOKS via that path, you’ll only need to connect your Web3 wallet, select the crypto you want to use to buy LOOKS, enter its amount, and execute the transaction.

For detailed step-by-step guidance, read our article that explains how to swap on the Ethereum network.

Question 6

How to Stake the LooksRare (LOOKS) Token?

Accepted Answer

To stake LOOKS, visit the LooksRare platform’s official website. There, you’ll need to scroll down the page until you see the “Start Earning” button. Check out LooksRare’s documentation and tutorials if you need more detailed instructions.

Question 7

What is LooksRare?

Accepted Answer

LooksRare is a crypto protocol that focuses on rewarding NFT traders and creators. It is an ecosystem with an NFT marketplace at its forefront. However, with the use of the LOOKS coin, the protocol allows any LOOKS token holder to earn APY and LooksRare rewards.