LooksRare Sends Coins to Traders Affected By Rewards Issue

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LooksRare is sending about 58,000 $LOOKS to 465 users affected by a recent issue with trading rewards, the marketplace said Saturday.

"Trading rewards were recently updated to be 95 percent to sellers and 5 percent to buyers. Due to an edge case, sellers got less rewards when accepting offers," the marketplace tweeted.

$LOOKS is at $0.1376 — down around 35 percent in the last month and down more than 97 percent from its all-time high of $6.69 from January.

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

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