NFT Project Takes Action to Reduce Altcoin Supply: 60 Percent Increase in Price!



NFT marketplace LooksRare has announced a new game to reduce the inflationary nature of its native cryptocurrency, LOOKS.
On Nov. 23, LooksRare took to Twitter to discuss new plans to reduce the supply of its native cryptocurrency, LOOKS.
In the statement, it was stated that they aim to reduce the supply of LOOKS by using various mechanisms, and it was announced that the mini-game INFILTRATION was launched as the first move in this area.
Stating that LOOKS will now have a deflationary structure with the game in question, the NFT project said that 25% of all LOOKS used in the game will be burned.
LooksRare also reported that 50% of the proceeds will be used to buy LOOKS from the market.
The fact that LOOKS will have a deflationary structure in line with its new targets created excitement and mobilized investors. With the statement made by the team, LOOKS, which was at $ 0.0839, reached $ 0.132 with an increase of 57%. LOOKS is trading at $0.121 at the time of writing.

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LOOKS3.98%
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