What is the issuance price of LOOKS coins? List of LOOKS coin issuance prices

The full English name of LOOKS coin is LooksRare. In fact, LooksRare is a community-oriented NFT trading platform. All participants in the project can receive certain token rewards. Users in the project can earn rewards by buying or selling NFTs, and LOOKS coins are the native token of the LooksRare project.

The latest price of LOOKS coins

＄0.05 ≈ ¥0.34

What is the issuance price of LOOKS coins?

LooksRare Tokens (“LOOKS”) are the protocol token of the LooksRare ecosystem. It is an ERC-20 token deployed on the Ethereum blockchain. The LOOKS supply is pre-allocated at deployment with 200 million tokens, and the supply is capped at 1 billion tokens.

LOOKS tokens are distributed to users via the LooksRare protocol and are used for:

· Stakers (Fee Sharing System)—LOOKS token holders can deposit LOOKS that are automatically combined on every user interaction. This smart contract is an additional layer on top of the Token Distributor contract, which also unlocks WETH rewards derived from the protocol fees charged by the Looks Rare exchange on every transaction.

·Trader (Trading Rewards Distributor) - Traders can collect rewards using a rolling Merkle tree based system that distributes daily LOOKS trading rewards based on trading volume activity (excluding private sales strategies). The calculation of transaction rewards is done off-chain.

·Liquidity Providers (Staking Pool ForUniswap V2 Tokens) – Liquidity providers can deposit liquidity in Uniswap V2 and receive LP tokens that they can stake to earn LOOKS tokens.

Some LOOKS tokens are part of the pre-minted tokens, awarded by strategic sale participants (Private Sale With Fee Sharing), who also collect WETH in proportion to the LOOKS tokens held in this contract.

Vesting Contract With Fee Sharing When rewards are distributed to users, they vest in the contract. Finally, other pre-deposited tokens (120 million) are distributed through the airdrop contract (Looks Rare Airdrop), which relies on Merkle tree calculations and additional requirements for valid submissions makerask order.

How about LOOKS coins?

Looks Rare’s execution strategy design can allow for innovative order types, such as:

· Take-away orders: MakerBid can execute against any TakerAsk in the specified collection (for example, “I wish to buy any TakerAsk from the BAYC collection at 40WETH tokenId").

· Trait-based orders (to be implemented) through the use of cryptographic proofs (e.g. "If the hat's metadata is a party hat, I wish to buy any tokenId from the BAYC collection for 55WETH").

LooksRare’s modular design of the exchange allows upgradability of specific parts of the exchange without any brokers, circuit breakers (e.g. the possibility of terminating strategies or currencies) and the continuous introduction of new features (e.g. support for new order types) .

LooksRare’s exchange supports innovative features such as OCO, which replaces passive orders (more aggressive orders) by using orderNonce, batch cancellation of orders, and other “cancel all” features.

The system is also designed with additional protection measures for users. For example, protocol fees are read from each execution strategy, and protocol fees cannot be upgraded without redeploying a new strategy contract. Likewise, ask orders contain protections against unexpected changes in royalties, where a minimum percentage of the price must be given to the asking party (otherwise the transaction will resume).

Finally, the system provides users with benefits such as human readability of signed messages thanks to the use of EIP-712 signatures, but it also supports EIP-1271 as a signature verification method for smart contracts. The LooksRare exchange protocol exists as smart contract code running on the Ethereum blockchain. To understand how each contract works individually, go to the Smart Contracts section.

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