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What is LooksRare?

LOOKS is the token powering LooksRare, a community-focused NFT marketplace that rewards traders and creators for participating and trading on the platform. All of LooksRare's trading fees are earned by LOOKS token stakers, a reward model created in direct response to the previous generation of NFT marketplaces on which fees mostly reward a single entity, the platform itself. Users of the Looksrare platform earn LOOKS tokens by trading their NFTs on LooksRare. You can safely and reliably buy, sell, send, stake and store “LOOKS” at LiteBit. If you enable LiteBit Earn for your LOOKS, you are eligible to receive up to 40% APY. With just a few clicks, you can let your crypto do the work for you. Rewards are paid out weekly.

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Store Looksrare safely

At LiteBit, you get a personal and free wallet. A wallet is somewhat like a bank account. You can store your cryptos safely in your own wallet. After you have purchased Looksrare, your crypto will show up in your wallet. Your wallet gets a unique wallet address, and you can both buy and sell your cryptocurrency from your wallet.

How to buy Looksrare?

We believe buying crypto like Looksrare should be made simple. To buy Looksrare, you log in to your account in your browser or in your app. You can track the current rate of Looksrare in your app, too. When you are satisfied with the rate of the cryptocurrency, you click on the crypto you want and hit the “Buy” button. And selling is just as easy! LiteBit offers multiple payment methods, like creditcard and SEPA payment.

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Related articles
LooksRare explained: How LOOKS is challenging OpenSea

Sep 08, 2022

NFTs are one of the fastest-growing markets and it already caught the interest of global players like eBay. The biggest NFT marketplace worldwide remains OpenSea with a yearly multi-billion Dollar revenue. There are quite a few reasons why NFTs became successful. First of all, NFT collections are fun and they are creating strong communities. But what’s even more important is that there is a variety of use-cases for non-fungible tokens involved. It is possible to tokenize event tickets, art, music, and even digital property, just to name a few examples. Many analysts believe that NFTs will see even more growth with the adoption of the metaverse. This underlines how important NFT marketplaces are and what potential they could possibly unlock once this vision becomes reality. LooksRare is a challenger that is not only offering an NFT marketplace with similar options as OpenSea but also its own token that completes its ecosystem.

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