The highly anticipated Season One Airdrop Event has been announced by @LooksRare in response to the success of the previous LooksRare Airdrop, which awarded a prize pool of 120,000,000 $LOOKS tokens to the NFT community, valued at $270,000,000 at the time.
Participants can stack Gems over this month-long event and compete for a piece of the $5,000,000 $LOOKS Prize Pool (about $420,000).
What LooksRare Is
LooksRare is the premier community-first NFT marketplace that actively rewards participants in the trade, collecting, and creation processes. A novel concept allows stakers to receive up to 100% of trading commissions immediately, promoting a healthy market where increasing trading results in higher earnings of WETC.
LooksRare incorporates the LOOKS token buyback mechanism to further improve the ecosystem, lowering the $LOOKS circulating supply and enhancing the ecosystem as a whole.
Through their brand-new mobile app, you can easily access the platform and take part in thrilling NFT raffles for a chance to win special NFTs!
How can I participate in the LooksRare - Season 1 Airdrop?
Step-by-Step Guide ''LooksRare Season One - Stack Gems to Earn $LOOKS''
Starting on June 1, 2023, at 14:00 (UTC), compete agAInst other LooksRare users for a month to earn Gems and claim your share of the 5,000,000 $LOOKS prize pool.
● 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.
Your Gems will be converted to $LOOKS at the conclusion of Season One based on the percentage you earned. You would receive 50,000 tokens, or 1% of the 5,000,000 $LOOKS prize pool, for instance, if you earned 1% of all Gems. The Top 10 will receive a 2.5x multiplier, and the Top 100 will all receive boosts to varied degrees. Best of luck!
*Only validated LooksRare collections that follow ERC-721 specifications are eligible to get Gems. Any system manipulation or misuse will not be permitted and may result in Gem deductibility.
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