NFT Marketplace LooksRare to Start $LOOKS Emission Phase 3 on May 11th

NFT marketplace LookRare announced that it will enter Phase 3 of $LOOKS token emissions, starting at block 14,757,012, which is estimated to be May 11th, 8:51pm UTC. The total $LOOKS entering circulation every block will reduce from 380 to 150 $LOOKS per block. Phase 3’s emissions will run for 1,560,000 blocks for around eight months. The daily rewards are updated as follow: listing rewards are 200k $LOOKS (until June 11th with further adjustments later), trading rewards are about 437k $LOOKS, and staking rewards are about 230k $LOOKS with 100% $WETH platform fees.