
A couple of suggestions to make the $LOOKS token have real business-centric usecases that synergise meaningful platform functionality & incentives to spend for holders.
$LOOKS could be a tool to do the following on LooksRare platform:
a) Auction for positioning a collection on a main page promoted feature slot for a day - similar to Google Adsense auctions.
b) Auctions for featuring (limited slots) user listings ahead of the floor price listings on collection pages.
c) Auction for time displayed in banner ad spots in specific, preset parts of the website. This may need BD team to screen and approve purchase in order to minimise scams.
d) Vote gauges to direct incentives towards specific collections (least constructive imho and I’m not that keen on this)
e) Vote on a periodic fan choice collection leaderboard.
f) Natively purchase NFTs with the swap engine taking care of the bother.
Provides potential solution to rewards longevity through cycling a % of this platform income back into staking pool.
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