Protocol Rewards Update The LOOKS team has been using 50% of fees from new projects to buy back LOOKS, adding 1,800,000 LOOKS to our Treasury. Here’s the new fee distribution:
- 50% to repurchase LOOKS
- 10% for LooksRare Protocol Rewards
- 40% to the Treasury
This ensures ongoing support for Protocol Rewards, possibly from other blockchains too.
When? Fees will be added to Protocol Rewards starting October 1st, 9:00 AM (UTC).
What’s Ahead? We’re expanding in blockchain gaming with new products soon. All will boost Protocol Rewards.
End of Trading Rewards Trading Rewards end on October 1st, 9:00 AM (UTC). The reserved LOOKS will move to the Treasury for future incentives.
Why? To reduce daily sell-offs and better use LOOKS for new/existing projects