AMA RECAP — Whale Blockchain Enthusiast with LooksCoin
Dear community Whale Blockchain Enthusiast, On 12th of August 2021, LooksCoin conducted an AMA in the Whale Blockchain Enthusiast. Our guest is Grace Tang, Founder of LooksCoin and LookRev.
Lots of questions as usual from the Community about LooksCoin progress. The LooksCoin team took part in a very interesting AMA session which included Project introduction, and a live AMA session with the WBE community. If you missed the AMA in person, read this recap for a deeper insight into LooksCoin.
Let’s take a look at the most interesting points of our conversation.
🐳 Segment 1: Project introduction
Start by introducing yourself and telling us a bit about your background in the blockchain space and LookRev ?
Grace Tang: Thank you for inviting me to this AMA with Whale Blockchain Enthusiast Group. I’m very excited to be here. I’m Grace Tang, founder of LooksCoin and LookRev. Here are a few highlights about me:
- I have worked for many fortune 500 companies, including Microsoft and Spirent Communications, before I founded my startups.
- I have been working on marketing technology for many years, and have a deep experience in the business field.
- I am a full-stack developer.
We have entered the blockchain space in 2017, and we have been building the LookRev project for many years.
Let me introduce a little bit about LooksRev.
What is LookRev?
LookRev is a P2P design-to-sell marketplace where people can hold tokenized ownership of product lines using NFT, share ongoing profits and contribute to earn credits.
What does LookRev do?
The LookRev design and marketing tool helps consumers co-design products and find the right product-market-fit. It assists the development of high-quality creative products.
Who does LookRev help?
The concept of job employment has changed. People want opportunities to work and make money on their terms. People want to generate good income and have long-term growth potential. LookRev P2P marketplace offers that opportunity.
How does LookRev help?
A creative line may have hundreds of contributors, including designers, product makers, distributors and marketers, each contributing in their own way to the creation, production and sale of creative products, and each sharing the profits from the sales.
Because the tokenized ownership is secured by the blockchain network, and the profit sharing is conducted using smart contracts, people won’t have to worry about being left out of the profit distribution. This builds a trustworthy foundation for collaboration.
It helps people generate income from their contribution and has long-term growth potential.
what is the advantage of having $LOOK and LookNFT ? explain what it does?
Grace Tang: LooksCoin (LOOK) is a functional utility token, it can be used to earn credits for contribution, purchase goods and services on LookRev marketplace, vote for branch decisions, and swap into LOOKNFT and more.
The ownerships of the product lines are tokenized as NFT collectibles, LOOKNFT holders use it to hold tokenized ownership of product lines, share ongoing profits and contribute to earn credits.
LOOKNFT is in compliance with ERC721 standards, and it can be stored in any DeFi wallet as an NFT token. LOOKNFT owners can sell it at NFT marketplaces, or list it for sell at LooksCoin market, in exchange of BNB or stable coins.
What features does LooksCoin offer to users and can you explain about it?
Grace Tang: LOOK and LOOKNFT tokens offer real usages and unique investment opportunity. It stores value and grows value in time.
— It is unique.
LOOKNFT is a unique NFT collectibles and offers unique investment opportunity.
— It is scalable and offers continuous growth opportunity.
Like a branch on a tree, it grows with time. A branch can grow subbranches and leaves. When there are more sale, LOOKNFT owners share more profit.
— It is flexible.
LOOKNFT owners enjoys the benefits of collaborative efforts from all the contributors to their branch. Putting in more efforts and receive more profit sharing.
— It stores value
LOOKNFT holds the value of its owner’s stake in a creative product line. The tokenized NFT ownership ensures that they get their share of profits from the future sales.
can you explain the security side of LooksCoin’s market? Is connecting a Walllet in the LooksCoin dapp safe for our assets?
Grace Tang: We have put into a lot of effort to make LooksCoin’s market is secure and safe to use. We use the original libraries provided by wallet providers, and follow their safety guidelines.
The LooksCoin app provides the UI and helps users to select the product and LOOKNFT that they want to purchase. Users their MetaMask wallet to sign the transactions. We do not control any of users’ personal/private data on our servers. Transactions are encrypted on the browser and protected via user’s MetaMask password.
The transactions are sent to the blockchain BSC, and processed by the smart contract. For example, when user send BNB to purchase LOOK tokens in LooksCoin market, the smart contract process the transaction, and convert BNB into LOOK tokens, and deposits the LOOK tokens directly into user’s MetaMask wallet. The process usually is completed in about 30 seconds. User will be able to verify the transaction result using BSC explorer bscscan (http://bscscan.com/). What you see is what you get.
Users should take the same level of security measurement to protect their MetaMask wallet, like not sharing their seed phrases with other people, and using hardware wallet for large amount of coin storage.
Defi, NFT & Meme is very interesting and is starting to be in great demand, Can you share your opinion ? What steps are already being taken towards the future progress of LookRev ?
Grace Tang: Yes, Defi, NFT & Meme are going to be in great demand, offering a lot of opportunities to this world.
In general, people are more aware of their individuality, and people want to translate that uniqueness into value. Wether it is a unique piece of digital artwork, or a unique moment captured in the Meme, people start to be aware that it has value, and people want to cash in that value.
LookRev P2P marketplace provides the place where people can use their uniqueness to create value, and build wealth on top of that.
Each creative product line is unique, and each LOOKNFT is unique. Consumers help co-design the product, and create unique sellable products. People hold tokenized ownership of the unique product lines, so that they can receive the benefits and the financial rewards comes out their unique creativity. It is a win-win solution.
LookRev is poised to create a great positive impact in the years to come, and we have been preparing for this moment for many years.
LookRev is a multi-platform project and has many apps. The creative product lines are integrated in the iOS apps, namely Fashion LookRev app and Art LookTry app. Users can use the design templates in the apps, co-design products and share their designs with other people. People can contribute to a product line and earn rewards by referring creative products to other people. LookRev android apps are being updated to pick up the pace of the iOS apps.
LOOK and LOOKNFT can be purchased in LooksCoin market https://lookscoin.market (https://lookscoin.market/) . LooksCoin already has more than 11,000 coin holders and is becoming a high potential token that stores values and grows value at the same time.
Get your LOOKNFT today, and take ownership of your future.
🐳Segment 2: Free Asking / Live Questions
— Telegram User @Ketz23
to create the $LOOK financial ecosystem, will there be a buyback or burning of a token supply?
Grace Tang: We have created an ecosystem for LOOK and LOOKNFT.
You can swap LOOK into LOOKNFT, or you can buy LOOKNFT.
You can find, buy and sell LOOKNFT at the LooksCoin marketplace.
When you sell the LOOKNFT you own, you can list it at your own price. You can sell it for native tokens (BNB on BSC), or let buyers swap it with stable coins (BUSD, WETH), or other cryptocurrencies, directly in the marketplace.
You can also use LOOK to purchase products in the LooksCoin marketplace.
— Telegram User @Hazeldavis
Almost 80% investors have just focused on price of token in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
Grace Tang: That is a very good question.
LOOKNFT Increases Value with Time
Like each leaf on a branch is unique, each LOOKNFT has a unique tokenID and holds a unique position on a product line.
The value of a product line grows with time, as more creative products are made and sold. So does the value of its LOOKNFT tokens.
LOOKNFT holds its base value, and continuously increases in value with time. NFT owners also receive regular profit sharing, so it is a good source of passive income.
Investors usually would have like to build an investment portfolio, that includes short term investment and long term investment. Is Apple’s stock a short term investment or a long term investment? It is both.
— Telegram User @emiliatan3
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Grace Tang: LooksCoin’s Tokenomics is published at https://lookscoin.com/tokeneconomics/
— Telegram User @Glenn786
Which one of these aspects is important for you?
1-Increasing Token Price & Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
In what order?
Grace Tang: We think all of them are very important, and we are working on them. The most important goal of LookRev is empowering people to build wealth using their creativity, and let people build their future using the technology tools that we provide them. Blockchain technology, internet technology, and all other technologies are created by people, to serve people.
— Telegram User @Laurimccarthy
Where can I buy your tokens now, what are your current contracts and how can I buy them and what are the benefits?
Grace Tang: It is a great opportunity to purchase LOOK and LOOKNFT at right now. The contracts are verified on Bscscan, you can find the addresses of the contracts at https://lookscoin.com/market and the coin page.
If you miss the opportunity when cryptokitties and unisock comes out, you don’t want to miss this opportunity on LOOKNFT.
We already have many users on LookRev apps, the project is growing at an amazing space.
We are working on listing the coin on CEXs.
And you can find the answers for some of your questions on our website at https://lookscoin.com .
— Telegram User @gemsdungeon
Do Token holders have right to participate in the governance of the project? On what kind of decisions can they vote on about the project?
Grace Tang: LOOKNFT owner can vote for decisions on their product branch using smart contracts.
— Telegram User @katoharu000
Do you have any Coin Burn / BuyBack systems or any $Token Burn plans to increase the value of Token & attract Investors to invest?
Grace Tang: People can swap $LOOK into LOOKNFT, this reduces coin supply in the open market, and increase its value.
— Telegram User @Hannahstarc
What is the strategy used by Your Project to attract new users and investors and keep them in the long term?
Grace Tang: LookRev P2P marketplace rewards people for referrals. The referral credit system is integrated in the apps, and coin rewards are distributed using smart contracts.
— Telegram User @emiliatan3
What are your marketing strategies and how do you plan on implementing global adoption? How do you intend on getting more users, community and investments from all parts of the world including non-English speakers and communities?any ambassador or refereal program?
Grace Tang: Yes, our users and coin holders are coming from all over the world. We are actively seeking and collaborating with ambassadors and influences to promote the project.
Thank you for your time, before we end the AMA do you have anything to say to our community members?
Grace Tang: Thank you very much. Thanks everyone for attending this AMA. Please feel free to reach out to us at https://t.me/lookrevcommunity if you have other questions.
For more information and future AMA, join our Social Media channels:
🐳 Whale Blockchain Enthusiast Group: https://t.me/WBEcommunity
🐳 WBE News: https://t.me/WBEnews
🐳 WBE Twitter: https://twitter.com/WhaleBlockchain
🐳 More information on LooksCoin:
🔸Website: https://lookscoin.com/
🔸Telegram: https://t.me/lookrevcommunity
🔸Twitter: https://twitter.com/lookscoin
🔸Discord: https://discord.com/invite/qaY8Z8FCq9
