Creators & users sell NFTs on LooksRare. They receive royalties from secondary sales (supply-side fees).

LooksRare is a non-custodial NFT marketplace protocol built on Ethereum and launched in 2022.

LOOKS tokenholders own and govern the protocol. They currently take a cut of the total transaction fees paid by buyers (revenue).

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# LooksRare Maximum token supply Methodology

## 1. Overview

The LooksRare token supply maximum metric represents the theoretical maximum number of LOOKS tokens that can ever exist according to the protocol's specifications. This is a static value of 1 billion tokens that was established at the token's launch on January 10, 2022. Unlike circulating supply which changes over time through minting and burning, the maximum supply is a fixed protocol parameter that defines the upper bound for token issuance.

## 2. Data sources

The calculation relies on:
- **Protocol specifications**: The maximum token supply limit defined in LooksRare's tokenomics documentation or smart contract specifications
- **Launch date information**: The official launch date of the LOOKS token (January 10, 2022)
- **Static protocol parameters**: Fixed values established during token contract deployment

This metric does not require dynamic blockchain data since it represents a protocol constant rather than a calculated value from on-chain activity.

## 3. Step-by-step calculation

### Component A: Static supply definition
- **Purpose**: Establish the fixed maximum token supply value and launch parameters
- **Logic**: The maximum supply is set to exactly 1,000,000,000 LOOKS tokens based on the protocol's design specifications. The launch timestamp is defined as January 10, 2022 at midnight UTC, marking when this maximum supply limit became effective
- **Key fields**: The `token_supply_maximum` field contains the value 1,000,000,000, while `timestamp` marks the launch date

### Final aggregation
- **Time series creation**: The static maximum supply value is propagated across all dates from the launch date forward using a fill-forward strategy
- **Time boundaries**: Daily records are generated from January 10, 2022 through February 21, 2024, with each day showing the same maximum supply value
- **Data structure**: Each record contains the date, daily timestamp grain, the fixed maximum supply value, and the LooksRare data identifier
- **Final calculation**: No mathematical calculations are performed - the metric simply presents the unchanging protocol parameter of 1 billion tokens as the maximum possible supply for each day in the time series

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

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