LooksRare is a competitor to OpenSea, a decentralized, community-centric creation company building an NFT marketplace for collectors and traders, and LOOKS is LooksRare''s native ERC-20 standard token. NFTs on the LooksRare platform can be traded using Ether (ETH) and Wrapped Ether (WETH). On the other hand, LOOKS is mainly used for locking positions and rewards. In addition, users who trade 3 or more ETH on OpenSea between June 16 and December 16, 2021 are eligible to receive an airdrop in LooksRare. looksRare is community-focused and invests proceeds into the community. NFT creators receive an immediate payout and 2% of their transaction fees are reinvested into the lock-in pool. In addition to lock-in rewards, LooksRare hosts promotions such as refundable fees and influencer marketing. LOOKS price and economic model LOOKS has a total supply of 1 billion tokens. 12% is airdropped to OpenSea users, 18.9% is allocated to equity rewards, and 1.7% is reserved for liquidity management. Founding TeamLooksRare''s founders are known by their pseudonyms Zodd and Guts. The core team consists of 14 members, including the founders, engineers, designers, product managers and marketing executives. LooksRare is a highly community-driven platform whose mission is "All about NFT users" (By NFT people, for NFT people.