LooksRare Enters the Ring to Take on OpenSea

Dubbed by many as a potential OpenSea killer, the LooksRare NFT marketplace has finally landed on the blockchain. So, to celebrate this monumental occasion the team will airdrop $LOOKS tokens to the busiest NFT traders in the realm.

For as long as most NFT devotees have traded, OpenSea has dominated the non-fungible landscape, as a consequence, far outperforming any other marketplace in the industry. In the absence of a viable competitor, the platform has grown into the goliath it is today.

To rectify this, LooksRare has arrived on the scene. Offering lower fees, and contributor rewards to entice even the most ardent collectors. From the offset, LooksRare will charge a 2% platform fee on all transactions, which it will redistribute to the staking pool, undercutting OpenSeaโ€™s own fees which stand at 2.5%, while owners of Ethereum-based NFTs can list their assets on the platform immediately.

Furthermore, in a flagrant attempt to usurp users from its rival, LooksRare will airdrop its native $LOOKS token to users of the OpenSea marketplace. Therefore, anyone who traded in excess of 3 ETH on OpenSea between June 16 and December 16 2021, is eligible. To claim, just head to the LooksRare homepage, connect up a wallet, and click on the resulting โ€œairdropโ€ banner at the top of the page.

Whatโ€™s more, in a stroke of genius, LooksRare provides the ability to stake the $LOOKS tokens immediately to earn grand rewards, thus replacing the temptation to cash in the airdropped tokens with the opportunity to earn more.

Check airdrop eligibility >> Here

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

russ-nftplazas-chicken

Decentralised human, Explorer, Adventurer.

Leave a Comment