Monday, January 24, 2022

One day after launch, OpenSea competitor LooksRare sells more than $ 100 million in NFT

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“Every transaction on LooksRare (except private sales) incurs a platform fee of 2%, and typically a royalty fee of between 5 and 10%. The total LOOKS rewards for trading each day are also fixed and distributed based on the contribution of traders to the total trading volume, meaning that there is no guarantee of the amount of rewards a wash trader could. win in a day, ”the documentation reads.

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