borolman

Budding web 3 researcher. Keepin it real.

[borolman @borolman]

@dingalingts Why did you all cash out 60M+ already? https://t.co/1z8TjqnGPE

[borolman @borolman]

The truth about LooksRare. Henlo frens - for my first thread about web3, I wanted to take a look at $LOOKS token and fee distribution. A 🧵👇

cc for visibility: @LooksRareNFT @dingalingts @pranksy @Zeneca_33 @fintechfrank @DefiantNews @RyanSAdams @TheBlock__ @Delphi_Digital

[borolman @borolman]

cc: @NFTethics

[borolman @borolman]

The truth about LooksRare. Henlo frens - for my first thread about web3, I wanted to take a look at $LOOKS token and fee distribution. A 🧵👇

cc for visibility: @LooksRareNFT @dingalingts @pranksy @Zeneca_33 @fintechfrank @DefiantNews @RyanSAdams @TheBlock__ @Delphi_Digital

[borolman @borolman]

8) Team wallet 3: https://t.co/tRxiR1pqoU. This is a multi-sig currently holding ~5M $LOOKS. Purpose of this wallet is unclear.

[borolman @borolman]

https://t.co/1z8TjqnGPE

Team and investors already cashed out 60M USD worth of WETH.. All fees going to token holders is only part of the story. 30% of the token holders are team & investors.

[Coinbase 🛡️ @coinbase]

Vampires on the Open Sea?!🧛🌊

In this week's ATB podcast and blog, we dig into @LooksRareNFT's recent "vampire attack" on the competition and how there's more to the numbers than one might think.

Full discussion here 👉 https://t.co/f336QCRm3Q

[borolman @borolman]

@cavkie @LooksRareNFT @dingalingts @pranksy @Zeneca_33 @fintechfrank @DefiantNews @RyanSAdams @TheBlock__ @Delphi_Digital not sure what happened but added them again at the bottom

[borolman @borolman]

8) Team wallet 3: https://t.co/tRxiR1pqoU. This is a multi-sig currently holding ~5M $LOOKS. Purpose of this wallet is unclear.

[borolman @borolman]

15) So did investors - https://t.co/NWCO57rYb5

[borolman @borolman]

7) Team wallet/contract 2: https://t.co/ZHjGPMQkuZ. Each day around 250-500 WETH and ~500,000 $LOOKS are being deposited into this contract. The team is then withdrawing the WETH once every week. This wallet also holds ~100M USD worth of $LOOKS.

[borolman @borolman]

6) Team wallet/contract 1: https://t.co/pu3XasSh4O. Each day around 350-600 WETH and ~600,000 $LOOKS are being deposited into this contract. The team is then withdrawing the WETH once every week. This wallet/contract also holds ~140M USD worth of $LOOKS.

[borolman @borolman]

@Darrenlautf @banteg is that a he or she? they are non-binary

[borolman @borolman]

@Nonsense_Factor The CEXs account for less than 1%. I will admit idk how leverage is relevant here.

How are the numbers off?

[borolman @borolman]

@Nonsense_Factor https://t.co/eZFnkMmrXz has ~3.35k ETH (10M USD)

https://t.co/E7o58HnzXP has ~1k ETH (3M USD)

how am I off? are there other pools?

re: FUD vs Analysis, maybe; I mixed data with my own opinion.

[borolman @borolman]

@DoppaMint https://t.co/eZFnkMmrXz has ~3.35k ETH (10M USD)

https://t.co/E7o58HnzXP has ~1k ETH (3M USD)

are there other pools?