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 

5.0/5

(100 votes)

Latest

How To Participate In The Xterio Airdrop

Airdrops | Editor Choice

How to Participate in the Xterio Airdrop

Join the airdrop hunt for the Xterio project, which has successfully raised $55 million and is currently running the The BeFriend AI Web campaign.

How To Participate In The Hashkey Airdrop

Airdrops | Editor Choice

How to Participate in the HashKey Airdrop

Hashkey is an extensive ecosystem launching its mini app on Telegram with a "Tap to earn" program. Hashkey has successfully raised $100 million. Join the Hashkey Airdrop now!

What Is An Ai Agent Top 5 Notable Ai Agent Projects

News | AI | Editor Choice | Newbies

What is an AI Agent? Top 5 Notable AI Agent Projects

AI Agent is an emerging concept that utilizes machine learning and deep learning technologies to develop an automated bot model, assisting users in performing tasks more easily.

Binance Announces Listing Of Velodrome Finance

News | Altcoin | Editor Choice

Binance Announces Listing of Velodrome Finance

The Binance exchange has announced the listing of Velodrome Finance, a DEX on Optimism, at 14:00 (UTC) on December 14, 2024.

Eth Could Surge To $15k As Etf Inflows Hit Record Highs

News | Altcoin | Analytics | Editor Choice

ETH Could Surge to $15K as ETF Inflows Hit Record Highs

Analysts believe Ethereum could rise to $15K, with positive signals from capital flows into ETFs.