Question 1

What is it?

Accepted Answer

**The Token:**
LooksRare (LOOKS) is a native cryptocurrency token of the LooksRare platform. Functioning on the Ethereum blockchain, LOOKS is an ERC-20 compliant token. The token is used for a variety of purposes within the platform, such as facilitating transactions, governance voting, and rewarding users.

**The Platform/Project:**
LooksRare is a decentralized marketplace focused on the trading of Non-Fungible Tokens (NFTs). Catering to artists, collectors, and enthusiasts, LooksRare provides a platform for users to mint, buy, sell, and showcase NFTs. By leveraging the security and transparency of the Ethereum blockchain, the platform aims to provide a trusted environment for NFT transactions.

Question 2

What is it used for?

Accepted Answer

The primary use of LOOKS token is to serve as the internal currency for the LooksRare platform. It can be employed for:

* **Transaction Facilitation:** Users can purchase and sell NFTs using the LOOKS token.
* **Governance:** Token holders have the ability to participate in the decision-making processes of the platform, such as suggesting or voting on updates and modifications.
* **Rewards:** Active participants and users are incentivized through periodic rewards distributed in the form of LOOKS tokens.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	LOOKS-BRL LOOKS-BRL	mercadobtc	C	0.0₃5000BRL	12.66%	348,142.90LOOKS	13	0.0₃4438BRL	0.0₃5897BRL
2	LOOKS-KRW looks_krw	korbit	C	0.6226KRW	0.00%	0LOOKS	0	0.6226KRW	0.6226KRW
3	LOOKS-USDT LOOKSUSDT	latoken	D	0.0₃2700USDT	0.00%	0LOOKS	0	0.0₃2700USDT	0.0₃2700USDT
4	LOOKS-USDT LOOKSUSDT	hitbtc	E	0.0₃9000USDT	0.00%	0LOOKS	0	0.0₃9000USDT	0.0₃9000USDT