NFT Exchange LooksRare Launches Minigame – LOOKS Skyrockets 32%

NFT exchange LooksRare has just announced the launch of a unique minigame called "INFILTATION," aimed at reducing the supply of the LOOKS token to zero.

Nft Exchange Looksrare Launches Minigame – Looks Skyrockets 32%_65b97815a33e7.webp

LooksRare announced that LOOKS will undergo a deflation phase to reduce the total supply, starting with the INFILTATION minigame.

Looks Deflationary

INFILTRATION marks the start of something new for both LooksRare and LOOKS.

From tomorrow onwards, LOOKS will be deflationary, with the supply being reduced via various mechanisms on a consistent basis, starting with INFILTRATION.

️‍🔥🔥 25% of all LOOKS… pic.twitter.com/mhcQhRygQS

— LooksRare (@LooksRare) November 23, 2023

In INFILTATION, 25% of the total LOOKS will be used to regenerate energy in the game and then burned. At the same time, 50% of the total transaction fee will be used to buy back LOOKS in the market.

It’s worth noting that LooksRare has stated that its ultimate goal is to bring LOOKS supply to zero, although there is no detailed document describing this plan yet.

Related: Blast’s Founder Denied Accusations That The Project Was a Ponzi

The price of the LOOKS token spiked 32% within 24 hours of the deflation minigame being introduced, reaching $0.12 USD. According to information from CoinGecko, the current supply of LOOKS is 998,583,680 Token.

nft exchange looksrare launches minigame looks skyrockets 32 65b97815a6863

LOOKS chart on Tradingview 

(100 votes)

5.0/5

(100 votes)

Latest

Crypto Market Faces Volatility Ahead Of Trump Tariff Pause Expiration

News | Editor Choice | Policy & Regulations

Crypto Market Faces Volatility Ahead of Trump Tariff Pause Expiration

The crypto market is entering a sensitive phase as the Trump tariff pause nears its end and nearly $15 billion in Bitcoin options are set to expire, putting significant pressure on investor sentiment.

Pi Coin Faces Selling Pressure Ahead Of Pi2day

News | Editor Choice | Pi Network

Pi Coin Faces Selling Pressure Ahead of Pi2Day

Ahead of the Pi2Day event on June 28, Pi Coin is under strong selling pressure while Pi Network announces a series of new updates, including the KYC Sync feature and upgrades to the Pi Browser aimed at improving user experience and accelerating the transition to Mainnet.

Bitcoin Could Drop To $100,000 Soon

Bitcoin | Editor Choice

Bitcoin Could Drop to $100,000 Soon

Although Bitcoin has surged following the stabilization of the Middle East situation, it could still fall below the 100,000 USD mark in the near future.

Coinbase Stock Hits New High As Analysts Split On Future Rally

News | Altcoin | Editor Choice | Policy & Regulations

Coinbase Stock Hits New High as Analysts Split on Future Rally

Coinbase (COIN), the crypto exchange giant, has just set a new all-time closing high, despite growing concerns that the stock may be due for a short-term correction.

Ai Crypto App Users Double This Year

Editor Choice | Altcoin

AI Crypto App Users Double This Year

According to a report from DappRadar, there are approximately 4.5 million wallets using AI applications on the blockchain, marking an 86% increase this year.