LooksRare: LOOKS Reward Migration Opens on November 27th

Odaily News NFT market LooksRare posted on the X platform that the original 24-month release plan is coming to an end and users need to migrate LOOKS to a new contract to continue to earn rewards. LooksRare will inject $200,000 in ETH into the new reward pool and distribute it over the first 7 days to reward early users. The migration will be open at 19:00 on November 27th, Beijing time. According to previous news on November 24, LooksRare announced that the LOOKS token destruction has begun. Previously, LooksRare updated its token economic model. 50% of future fees will be used to repurchase LOOKS tokens from the market, 10% will be used as a reward for the LooksRare protocol, and 40% will be turned over to the protocol treasury.