LooksRare - Season One ($LOOKS)
Following the success of the previous LooksRare Airdrop, where they distributed a prize pool worth 120,000,000 $LOOKS tokens to the NFT community, valued at $270,000,000 at that time, @LooksRare is thrilled to announce the highly anticipated Season One Airdrop Event.
This month-long event offers participants the opportunity to stack Gems and compete for a share of the 5,000,000 $LOOKS Prize Pool (~$ 420,000).
LooksRare is the leading community-first NFT marketplace that actively rewards traders, collectors, and creators for their active participation. With a unique model, stakers can directly earn up to 100% of trading fees, fostering a thriving ecosystem where increased trading translates to more $WETH earned.
Requirements to earn free crypto coins
Step-by-Step Guide ''LooksRare Season One - Stack Gems to Earn $LOOKS''
● To maximize your Gem earnings, make sure to price your NFT listings above the floor price while keeping them lower than on other marketplaces. By doing so, you will secure a 5x multiplier for your Gems. Equal price listings receive no multiplier, while higher listings incur a 0.5x penalty at every snapshot.
● If you already have listings on OpenSea, bring them over to maximize your Gem-earning.
- ● LooksRare plans to add support for importing Blur and other marketplace listings.
▪️ At the end of Season One, your Gems will be converted to $LOOKS based on the proportion you earned. For example, if you earned 1% of all Gems, you will receive 1% of the 5,000,000 $LOOKS prize pool, totalling 50,000 tokens. The Top 100 performers will get boosts of varying degrees, with the Top 10 receiving a 2.5x multiplier. Good Luck!
* Only verified collections on LooksRare, adhering to ERC-721 standards, are eligible to earn Gems. Any abuse or exploitation of the system will not be tolerated and may lead to Gem deductions.
When using decentralized applications (ÐApps), it’s critical to remember that YOU are responsible for the security of your digital assets!
Disclaimer: This content is not intended to be financial advice. Investors should take the time to research any given product before depositing or investing their funds.