Bitcoin Maxis are so fucking annoying about this lmao. "IF ANYBODY IS INVOLVED AT ANY KEVEL WHASOEVER TO A PROJECT IT CANNOT SUCCEED. IF A PERSON EVEN LOOKS AT CODE THE PROJECT IS A SCAM. A BOOMER MUST CREATE THE COIN AND THEN LEAVE IT UNTIUCHED FOREVER." Yo bozo, have you already forgotten about Bitcoin cash and lightning network?
Right now it's really mainly high value NFTs traded on Looksrare. Let's hope this changes over time and the general public catches up. Still don't understand why they prefer a centralized Opensea that showed time and time again it doesn't care about their users. Each trade would save them fees (2% LR 2.5% OS) and give them additional LOOKS.
Hard to predict. Contrary to Opensea Looksrare really listens to their users and integrated a lot of cool features. I certainly prefer the UI. Trading and listing on their platform gives revenue in form of LOOKS. But people still seem hesitant to use a "new" platform. The main reason seems to me that they think their listings will not be seen by as many and it may be more difficult to sell their NFT. That's why aggregators can really change the game.
Do ordinary investors really understand what they are investing in? Yeah, you can get normal people to buy your token, but that has no bearing what a security is. I feel a alot of people in the cryptospace tend to have a hate boner for the SEC and that colors their opinion. They are thinking in terms of my team vs their team. The SEC lawsuit against ripple is fair. It is incredibly shady to premine every token then sell it to finance your operations while promising that banks will use your network and increase the price of your token. That LOOKS like ripple is trying to be slick and avoid security laws.
One good thing about ETH price tanking is that I get to reach my minipool goal and have more dry powder stacked to deploy than I planned. I've been thinking about slowly accumulating few projects for the next 1-2 years, replacing my Stables with ETH rewards once withdrawals unlocked and taking profits as they come. Here are my picks: * RPL (Reach 150% collateral) * CRV * COMP * MATIC * SNX * LOOKS or X2Y2 I'll keep my eyes on GMX, CAP, P2E and P2M projects in the meantime. what do you think of this plan?
But you don't know. That's the point of DCA. You DON'T know. You can speculate, but then you don't DCA. You can SAY you know because it LOOKS like it, but you are still just speculating. You obviously don't understand the concept. With DCA you just keep putting in regularly even as it dips, thus you are averaging out the cost of the asset against when you bought at higher prices. If you stop DCAing because the price is going lower then you are losing the benefit of DCA. The only way you lose money is if the market NEVER recovers.
Just double checked coinmarketcap, Google, crypto.com, yahoo finance, Coingecko says otherwise flatly - has it at 1usd since de-peg. Coindesk has it just regaining peg today if I'm understanding their chart. Coinbase also indicates $1 since de-peg - but actually their one year chart line LOOKS like it accounts for the failure to repeg, even though it indicates 1$ when you highlight those areas.
Hey hey heyyyyyyyyyyyy Hey hey heyyyyyyyyyyyy WASAWASAWASAWASAWASAWASAWASAWASAWASAWASAWASAWASAWASAWASAWASAWASAWA WHAT UP R/CC!!!!!! HAHAHAHAHAHAHAHHAAHHAHAHAHAHAHAH WE ARE COMING AND WE ARE COMING IN WAVES THE WORLD IS NOT THE WAY IT USED RO BE ANYMORE I AM NOT FINANCIALLY INDEPENDENTLY I STARTED ONE MONTH AGO WITH THIRTY FIVE HUNDRED DOLLARS AND NOW I HAVE ZERO DOLLARS WHAT UP? EVEN MY WIFE DOESN’T BELIEVE ME. SHE SAYS - THASA SCAM!! SO I GO TO THE BANK, WITHDRAWAL MY BITCOINS AND LAY THEM ON, YOU KNOW, HER TABLE AND SHE STILL LOOKS AT ME AND SAYS THASA SCAM!!!! WHAT???? WUUUDDDAAAMMMIIIIGGUUUUNNNAAAA DDDOOO???? HHAAHHAHAHAHAHAHAHAHAHHA
Heyyy heyyyy heyyyyyyyyy wasawasawasawasawasa wasawasawasawasawasa WHAT UP R/ccccccrrrrrryyyyyyyyyyyypppppppppttttttttooooooooccccccuuuuuuuurrrrrrrrrreeeeeeennnnnnnccccccyyyyyy We are coming and we are coming in waves. The world is not the way it used to be anymore. I am not financially independently. EVEN MY WIFE DOESN’T BELIEVE ME. SHE SAYS - THATSA SCAM! SO I HAVE TO GO TO THE BANK AND WITHDRAWAL MY LUNNNA CLASSICS AND YOU KNOW, LAY THEM DOWN ON HER, YOU KNOW, HER TABLE AND SHE STILL LOOKS AT ME AND SAYS THATSA SCAM! WUUUUUUDDDDDAAAAAMMMMMIIIIIIGGGGGGGUUUUUUNNNNNNAAAAAAAADOOOOO?????
I should probably have check looksrare before, as I understood the platform fees you mentioned were regular transaction fees. After checking, I do agree, it tries to separate consumers and investors. It seems investors own LOOKS, while consumers pay with wETH and those payments are shared with the LOOKS owner. That being said, there are still problems with this model (which is by far not how most cryptocurrencies work). By becoming a way to share platform revenue with token holders, this clearly becomes a security under the Howey Test. LOOKS really, really, really look like stock, but without the protections you get if it were a stock.
Binance announced new token bridges today: https://www.binance.com/en/support/announcement/a418a7e990a04b3288bb495dd44558d5 Out of the mentioned tokens, only LOOKS and ELON aren't listed for trading yet. A sign of what's to come maybe?
Lol nobody is having trouble explaining why they think it’s a scam, you’re just not capable of hearing them. CRYPTO LOOKS LIKE A PONZI SCHEME 100% to the vast majority of people. If you honestly can’t see why, you’re wildly incapable of objectivity and should not be in the crypto game. It’s fine to disagree, or even agree and do it anyway. But if you honestly don’t see why people think crypto or at least NFTs are a big scam, you’re willfully blind.
My suggestion for passive income, staking LOOKS on the Looksrare platform. It's a decentralized NFT marketplace that gives 100% of the fees back to stakers. Since NFTs as digital brands and start ups are only at the beginning this can be massive. Current APY is 170% You can chose wether you get the rewards in WETH and LOOKS or LOOKS only.
There are plenty of partnerships with big players in the NFT space like BAYC, Crypto Punks, Doge Pound etc. Nothing suspicious about that platform, Coinbase just wants a piece of the cake. So far the features are sub industry standard and their comment option opened the door for a lot of abuse. Since there are only 1.6 million people who traded on Opensea and Coinbase NFT has a waiting list of over 5 million we will certainly see a significant user influx. Coinbase NFT and Opensea are fully centralized with the earnings going to the corporations. Looksrare on the other hand is community driven and gives 100% of the platform fees back to LOOKS stakers. It has the best UI and is slowly gaining users from Opensea.
Coinbase is good for onboarding new people into the NFT space but Looksrare is the industry standard right now. 100% of platform fees get distributed to LOOKS stakers. Buyers and sellers receive LOOKS. Aggregators like [gem.xyz](https://gem.xyz) will help decentralized platforms like Looksrare to further take market share from Opensea.
Nice that people can reach the NFT market now more conveniently. On the other hand I hope they will also notice and use decentralized alternatives like Looksrare. Opensea and Coinbase just puts the platform fees in their pocket. Looksrare distributes 100% of the platform fees to LOOKS stakers.
Radix, the only Layer 1 with unlimited scalability and atomic composability. Dan the founder already runs a decentralized Twitter and 4k streaming tech demo entirely on chain in their research network. Looksrare, an NFT platform with 100% of trading fees going to LOOKS stakers. Better features and UI than opensea.
LOOKS new compound staking is genius and has created a perpetual pumping machine. The ETH rewards you earn can now be auto-converted into more LOOKS creating constant buy pressure. Combine that with deeply negative funding due to a record amount of short positions from being going delta-neutral on their stake & you have the ingredients for a huge pump if the market holds up. Oh yeah and OpenSea just keep fucking up in every way possible.
Says 2 altcoins yet lists 5, 3 most likely being paid shills. The pseudonymous trader known as Altcoin Sherpa tells his 169,400 Twitter followers that he’s eyeing potential gains for smart contract platform Terra (LUNA), the non-fungible token (NFT) marketplace LooksRare (LOOKS), and multi-chain liquidity hub Kyber Network Crystal (KNC). The trader says he’s also looking at cross-chain liquidity network THORChain (Rune), blockchain-based game Axie Infinity (AXS), and layer-1 blockchain protocol Solana.
Post is by: KarimCfc and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/t3lddt/what_do_you_think_will_happen_to_looksrare/ So, I am relatively new to crypto (circa 4 months) and my biggest bag is in LOOKS. My crypto journey started with NFTs and it took off from there. OpenSea was a platform I highly disliked as I still believe it is against everything Web3 stands for. Looks came and I was instantly sold. From their vampire attack, all the way to being an NFT marketplace for the people. We're all aware of how far it is crashing now after the rewards reduction and wash trading implications. I still believe in the team and their vision, but I am curious to know what others think about this *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Great post by Cobie about incentive structures . Interesting read and helps understand those distribution charts in white papers . yes some of us do read them. Understand them is another thing entirely . Good info on $LOOKS in there as well https://cobie.substack.com/p/incentives-structures?token=eyJ1c2VyX2lkIjo0NjM3NTQ2MywicG9zdF9pZCI6NDg3NDU0OTksIl8iOiJ1V1BHdCIsImlhdCI6MTY0NTI1NjA4OSwiZXhwIjoxNjQ1MjU5Njg5LCJpc3MiOiJwdWItNzQ3NDQiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.SJQ2hChEo_VgTh7q28XnxO31mMkqZ-g7jBD6kA8jjIo&utm_source=url
Even if you're not hodling it's all about perspective. I saw 0.0044 btc and I thought "that's like 44 Bitcoin cents!" because of the decimal point. It LOOKS a lot cheaper compared to $200, even if it's the same value. I'd rather spend 44 thousandths of a Bitcoin than 200 dollars!
tldr; NFT marketplace LooksRare launched in January and quickly overtook NFT marketplace OpenSea to become the market leader. The looksRare team targeted OpenSea users who had traded at least 3 ETH worth of NFTs over the prior six months and airdroped them LOOKS tokens. LooksRare charges a 2% fee for every sale (vs. 2.5% on OpenSea), and staking (locking LOOKS into a smart contract) entitles stakers to *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
LooksRare $LOOKS. A competitor to opensea. Each token is a share in the revenue that the NFT marketplace makes. The rewards are high at the moment due to wash trading which is profitable due to the reward structure, but my belief is that they do have a chance to take on Opensea. ALL fees for trading are rewarded back to Stakers of the LOOKS token. It's basically a decentralized stock and I think it's cool af.
I'm just joking. As you would expect it depends upon the project. I've been staking looksrare.org/rewards in return on equity is roughly 26% in 18 days. That's staking the $LOOKS token and rewards in WETH as well. Estimated APR at the moment is 608.70%.
Check out $LOOKS, an up and comer that's going to eat opensea's lunch. It has incentivized NFT trading currently, and good staking yields. The liquidity and volume is really strong for a uniswap pair, it's in the dext top 5 most days. You can swing trade it pretty predictably, and there's no token tax.
Yup. Didn’t know it was to that extent though. Active opensea users were airdropped $LOOKS last month, the market’s token. $LOOKS stakers are rewarded a percentage of all sales in the marketplace. Started at a 3000% APY now sitting around 500%. My measly airdrop netted me 4000$ after staking for a couple of weeks. People are making millions off this little scheme. DEFI is just money being skeeted in each other’s mouth through a big ol circle jerk. It’s insane
this is a 1000x APY in 1 year, and you think this is sustainable, will stay, and won't be rugpulled, dropped, or wathever else could happen? Also isn't LOOKS using the fee that would go to the original NFT creator, but taking it themselves to pay fees to people, making the whole thing about NFT useless, showing how broken NFT's are?
* New ERC20 tokens added to the DeFi Wallet ✅Cook Protocol (#COOK) ✅Deri Protocol (#DERI) ✅Hegic (#HEGIC) ✅Idle (#IDLE) ✅Looksrare (#LOOKS) ✅ShibaDoge (#SHIBADOGE) ✅Valor Token (#VALOR) ✅Vibe (#VIBE) ✅Wirex Token (#WXT)* For those that can’t be bothered clicking.
look at $LOOKS. The coin is for [looksrare.org](https://looksrare.org) which is a new NFT market that aims to compete with OpenSea except you get to invest in the company with the LOOKS token. As a holder of LOOKS, you are entitled to the fees that are collected from the looksrare platform every time there's a sale of an NFT.
Anybody have any thoughts on LOOKS? Trying to be a competitor for OpenSea I guess. I don't know a lot about NFT markets but I know a lot of people are frustrated with OS. Seems like a competitor could have some big upside, or is it just a shitcoin?
That was awesome. Disappointed to hear you don’t think KDA will be a big hit this year. The main draw for them is DeFi as the Dex will have no fees and the chain can bridge to Ethereum. It’s possible that KDA can achieve a decent DeFi market share if the Dex releases before L2s become established. There is also a gaming and metaverse project coming which will also be positive for KDA. I agree with your NFT sentiment. I think LOOKS is an ambitious project with potential. They’ve already surpassed RARE and RARI. I don’t know a lot about music developments but Audius looks good. You might be right about everything but I hope Kadena gives you a nice surprise.
Not much buddy. It is just a lower three digit figure. I DCA and hold Bitcoins and altcoins and learn day trading with beer money. I really love day trading because it is like a puzzle to me that I like to solve and have been making consistent gains day trading gala and harmony one since December. But today I was not happy with those 15% gains and ended up chasing Pumps on shitcoins named LOVE, LOOKS and SOFI(RAI) and lost 40%. Tomorrow is a new day again. Back to daytrading Harmony one.
Your Daily Dose of Crypto : • Bitcoin dominance: 40.40% (-1.25%) • Cryptocurrency market cap: 2.002 Trillion Dollars (+3.44%) • BTC average transaction fee: $1.765 ( -1.85%) • ETH average gas Price: 184.66 Gwei (-15.51%) • Chairman of the Federal Reserve Jerome Powell has assured Congress that the Fed's much-anticipated report on cryptocurrencies will be out "within weeks." • The Associated Press, the leading global news wire service, is looking for non-fungible tokens to monetize its photojournalism. • The Central Bank of Iran, or CBI, and the Ministry of Trade have reached an agreement to link the CBI’s payment platform to a trade system allowing businesses to settle payments using cryptocurrencies, the Mehr News Agency reported Monday. • A class action against EthereumMax and its promoters has named reality star Kim Kardashian, boxer Floyd Mayweather Jr. and former NBA player Paul Pierce among the defendants. • The Securities and Exchange Commission is fining tZERO, a leading platform for security tokens in the US, for off-market trading. • LooksRare, the fledgling non-fungible token marketplace has hosted $105 million in trading volume, generating 613 ETH (nearly $2 million) in platform fees to be distributed to LOOKS token stakers in the coming hours, according to pseudonymous co-founder Zodd • Chia Network, the energy-efficient, blockchain and smart transaction platform created by BitTorrent founder Bram Cohen, is launching native, peer-to-peer exchange services for Chia wallet holders, the company said Tuesday. • Changpeng Zhao, CEO of crypto exchange Binance, has become one of the richest men in the world, with a fortune of $96 billion, per Bloomberg’s Billionaires Index. • A single Bitcoin miner from the Solo CK mining pool has defied the odds after successfully adding a new block on the Bitcoin blockchain, taking home 6.25 BTC ($266,000) for their efforts. • Crypto accounting firm TaxBit has launched a network allowing users to connect accounts across the crypto ecosystem to generate their transaction history when filing their taxes. • Stock trading giant Citadel Securities announced Tuesday that it has raised $1.15 billion in a funding round backed by Sequoia Capital and crypto VC firm Paradigm.