The way to Purchase and Stake LOOKS Token (Metamask + Uniswap)

• The way to purchase LOOKS token?
• The way to Stake LOOKS token?
• The way to purchase LOOKS token with a MetaMask pockets?

Welcome again to a different thrilling put up. On this one, we are going to talk about how one can Purchase and Stake LOOKS tokens.

LOOKS is the native token of one of many prime NFT marketplaces, LooksRare. It’s the first community-focused market that rewards its customers at each step. For instance, you get LOOKS token rewards for itemizing, shopping for, or promoting any NFT on the platform.

However most rewards are for LOOKS token holders. They not solely get LOOKS tokens as staking rewards from the designated staking pool. However in addition they get 100% of the platform charge within the type of WETH (Wrapped ETH). How cool is that!

Observe: Solely staked LOOKS tokens are eligible for Staking rewards and share of Platform charge on LooksRare.

Subsequently, should you purchase and stake LOOKS tokens, then you’re eligible for double rewards. So, let’s first work out from the place you should buy LOOKS tokens.

Platforms the place you should buy LOOKS token

Following is the listing of centralized and decentralized crypto exchanges on which you should buy LOOKS tokens.

With a purpose to stake LOOKS token, the simplest approach is to purchase it from Uniswap.

You can too purchase Appears token on any of the above listed centralized exchanges, and transfer it to your Metamask or every other Web3 pockets to stake it on the official LooksRare staking web page. I’ll discuss Appears token staking within the additional part of this tutorial, however for now let’s see methods to purchase Appears token.

The way to purchase LOOKS token on Uniswap?

Step 1 – Arrange your MetaMask Pockets

a) Go to MetaMask web site. Click on on Obtain.

b) Select the machine (Browser, iOS, or Android) on which you wish to set up your MetaMask pockets. Then, click on on “Set up MetaMask.“

c) Full MetaMask set up

d) To create your pockets on Metamask, click on on “Get Began“

e) In case you have already got an present Metamask Pockets, then you may click on on “Import Pockets” and enter your Secret Restoration Phrase. Or else click on on “Create Pockets“.

f) Learn the phrases fastidiously and click on on “I Agree“

g) Enter a “Safe Password“. Agree to the “Phrases of Use” and click on on “Create“.

h) Now comes probably the most important step of making a crypto pockets. Each pockets has a Secret Restoration Phrase, often known as Seed Code, Seed Phrase, and so forth.

This phrase is the gateway to your personal key and your crypto tokens. Please just be sure you don’t lose this phrase at any value. In case you lose your Seed Code, there may be virtually no solution to recuperate your crypto property. You’ll lose them endlessly. So, do take applicable care.

Additional, it’s dangerous to notice this phrase on any digital machine. In case your machine will get hacked, the hacker can entry your crypto property by means of the Seed Code and steal your crypto property. This has occurred to a couple individuals prior to now.

So, click on on “Reveal Secret Phrases“. Observe the Seed Code in a safe offline place and click on on “Subsequent“.

i) Enter your Secret Restoration Phrase you’ve gotten simply famous down and click on on “Verify“.

j) You’ll get affirmation of the profitable creation of your MetaMask pockets

Step 2 – Join your MetaMask pockets with Uniswap Trade

a) Open the Uniswap web site and click on on “Launch App“.

b) As soon as the app is launched, then click on on “Join Pockets“.

c) You’ll get choices to decide on your pockets. Click on on the “MetaMask” pockets

d) Choose the account quantity you probably have a couple of account on Metamask. Then click on on “Subsequent“.

e) Now, the app wants your permission to hook up with the pockets. Click on on “Join“.

f) As soon as linked, it’s best to have the ability to see your pockets account quantity within the prime proper nook.

Now we’re finished with two steps. Now we have arrange our Metamask pockets and linked it to Uniswap. The following step is to purchase LOOKS token.

Let’s perceive how you are able to do it.

Step 3 – Purchase LOOKS Tokens

a) To purchase Appears token on Uniswap, it’s worthwhile to have ETH or USDC in your Metamask pockets. Suppose you’ve gotten ETH tokens in your MetaMask pockets, and also you wish to convert these ETH tokens to LOOKS.

Click on on “Choose Token“

b) Seek for the LOOKS token within the listing. As soon as you discover LOOKS, click on on “Import” in entrance of it.

c) Click on on “Import” once more

d) Enter the variety of LOOKS or ETH you wish to swap. Based mostly on the present worth, the corresponding quantity of the second Crypto asset will robotically be calculated.

When you enter the quantity, test your estimated gasoline charge and click on on “Swap“.

e) Examine the transaction particulars and Slippage Tolerance. Click on on “Verify Swap“

As soon as the transaction is processed, your LOOKS tokens will likely be transferred to your MetaMask pockets.

If you’re curious to discover Uniswap additional, you may learn our Newbie’s Information to Uniswap, or you may see the next video.

The final step that we’ll talk about on this put up is how one can stake your LOOKS tokens.

The way to Stake LOOKS token?

Now, we have to stake our LOOKS tokens mendacity in our MetaMask pockets.

Step 1 – Open the LooksRare web site and join your MetaMask pockets

a) Open LooksRare Web site and click on on “Join“.

b) Choose the “MetaMask” pockets amongst the out there choices.

c) Enter your “MetaMask” pockets password and click on on “Unlock“.

d) Choose the account quantity you probably have a couple of account on Metamask. Then click on on “Subsequent“.

e) Now, the app wants your permission to hook up with the pockets. Click on on “Join“.

Step 2 – Stake your LOOKS tokens

a) Agree to LooksRare’s Phrases of Service and click on on “Let’s Go”.

b) Click on on “Rewards” after which click on on “Staking“.

c) Enter the Quantity of LOOKS token you want to Stake. Lastly, click on on the “Stake” button

As soon as the transaction is processed, your LOOKS tokens will likely be efficiently staked on the LooksRare platform. Now, you’ll be eligible to earn staking rewards in LOOKS, and additionally, you will obtain a share of the platform charge. For the platform charge, you may both obtain your rewards in WETH (Wrapped ETH) or LOOKS token.

Observe: Ethereum community’s gasoline charge will likely be charged each time you stake, and unstake LOOKS tokens.

Conclusion: Shopping for and Staking Appears Token

So, that is how one can purchase and stake LOOKS tokens. As already mentioned, a gasoline charge will likely be charged at each step from shopping for, staking, and unstaking of LOOKS tokens. Subsequently, it’s worthwhile to do your cost-benefit evaluation.

Please observe that nothing written on this put up is a monetary recommendation. Please seek the advice of your monetary advisor earlier than making any monetary determination.

That’s it for right now. I hope this put up was useful for you. Please share your suggestions and feedback with us.

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Sources

Kalki is a seasoned content material author with over two years of expertise writing about blockchain and Cryptocurrencies. His ardour for Bitcoin and cryptocurrencies bloomed in late 2019. Crypto’s technological and financial implications are what curiosity him most.

He’s a Chartered Accountant and Lawyer with over 10 years of expertise within the FinTech trade. He likes to learn, journey and go for lengthy rides on his bullet bike.