What is Lootex? All information about Lootex and LOOT . token

• Lootex overview
• What is Lootex?
• Lootex basic features
• Lootex's main products
• Lootex project developers, investors and partners
• Lootex development roadmap
• Overview of the LOOT . token
• What is LOOT token?
• Details of the LOOT . token
• Allocate LOOT . tokens
• Where can LOOT tokens be bought and sold?
• Future of Lootex and should invest in LOOT token or not?
• summary

Lootex overview

What is Lootex?

Lootex is a GameFi platform that allows anyone to purchase NFTs and many other assets in NFT and Metaverse titles. This is a peer-to-peer (P2P) trading platform based on blockchain technology, making it possible for users to find finite digital items worldwide without worrying about the risk of transaction fraud. translation or international payment problems.

Lootex stands for Loot Exchange, which was founded by veteran game developers in the blockchain industry like David Tseng and Justine Lu. Over the past 2 years, Lootex has partnered with many companies and businesses to be able to build a leading player-centric game asset marketplace exclusively for Metaverse. The project aspires to create a next generation blockchain platform based on digital collections also known as NFT. 

Lootex basic features

Metaverse is becoming more and more popular in everyday life, many technology corporations have also moved to join this potential trend. With the increasing demand for participation in Metaverse, Lootex was born with the goal of operating as an item shop in Metaverse, where players can freely buy and sell equipment or assets used in other games. . Regardless of whether the games are Play-to-earn, Move-to-earn or Share-to-earn games are supported by Lootex.

In addition, Lootex integrates Cross-chain technology so users can interact and trade items of various blockchains such as Ethereum, Binance Smart Chain , Polygon, Arbitrum and Avalanche . This is also a plus point for this NFT asset exchange.

Another remarkable thing about Lootex is that the project puts the players first when it comes to providing players with the best trading tools. This will meet the needs of buying and selling and profiting from assets in the game. 

Lootex's marketplace has over 12,720 NFT assets and over 140 collections available across various blockchains. Not only that, Lootex also offers an easy-to-use interface with a special design to help players around the globe buy what they need instantly.

In addition to the platform's outstanding features, Lootex also has a strong community of over 80,000 monthly active users. In November 2021, Lootex also achieved a great success in its operation as monthly sales exceeded the milestone of US$ 2 million.

Lootex has also partnered with The Sandbox and plans to build several stores on Lootex's Land in the world of The Sandbox. This will be announced by Lootex at a later date in the future.

In addition, the project has also collaborated with more than 50 games based on blockchain technology , including prominent names such as RPS League, Block Monster, Dungeon Swap and Olympus Royale...

Lootex's main products

Game Launchpad

Lootex has partnered with more than 50 game projects around the world to develop the platform's own Launchpad. With Lootex's Launchpad, players can participate in pre-sale of items if they complete missions set forth by Lootex or the game development team. Plus, they'll have a chance to win limited genesis items.  

Marketplace

Lootex Marketplace is a peer-to-peer (P2P) trading platform built on blockchain technology. Here, players can find limited digital items (NFTs) worldwide or any NFT titles. With Lootex, users' assets will be absolutely secure, so they can be assured of fraud or unnecessary risks when trading on a global scale.

Lootex Marketplace is powered by 0x Protocol, which allows the exchange of P2P assets in a decentralized manner through smart contracts on the Ethereum blockchain. In addition, the 0x protocol allows users to freely exchange assets without third-party consent. Lootex provides Matchmaking only and does not process any traded goods or funds. This will ensure that users' transactions are smooth, fast and fraud-free. 

Some key features of Lootex Marketplace:

Lootex Marketplace provides flexible APIs to support the project, users easily mint NFT on demand. Forge is simply designed to be suitable for many audiences and users only need to register for an account to be able to use this feature.

Lootex helps businesses launch and manage NFTs with the following features:

• Enterprise-grade API
• User-friendly process (no coding required)
• NFT smart contract 
• Market support and major crypto wallets

The features that Lootex supports will be suitable for the following:

• Game development
• Digital art development
• IP Licensing
• IP Management

The interface of Lootex Marketplace is also designed to be simple, easy to use and user-friendly, especially suitable for customers without technical knowledge. Users only need to upload products they want to tokenize into NFT to Forge to create an NFT asset and trade them.

In addition, when using Forge on BSC in combination with the NFT direct redemption link, users can immediately create a new game. These links have the function of ensuring that the asset distribution process of the projects is seamless. Instead of having to compile the address into a multi-sender application, users can connect their wallet or put the wallet address in the recipient column so that their NFT can be confirmed instantly. 

Features that Lootex Marketplace will have in the future:

Multi-chain support : In addition to the blockchains that Lootex currently supports, in the future the project will integrate many other layer 2 solutions. Lootex will ensure a seamless transition between different blockchains, allowing players to view all of their assets.

Edit In-Game Asset Data : This feature allows players to add additional information about the NFT at the top of the Metadata, such as which titles match that NFT, how rare they are, and how to use them. to earn rewards.

Build your own Storefront: This feature allows game developers and players to easily open their own stores on Lootex. Plus, they can also easily bulk ship NFTs to the store or buy NFTs in bulk.

Lootmap: Special trading interface designed for a wide range of assets of different games.

Lootpedia : In Lootpedia will contain game guides created by the community of players, developers of NFT titles.

Lootswap : This feature will allow for easier item swaps and cross-chain payments.

Lending and Borrowing In-Game Assets : Players can lend assets in exchange for cryptocurrencies such as ETH, BNB, and MATIC. These currencies can also be used as collateral to borrow NFT game assets. 

Lootex project developers, investors and partners

Development team

Lootex was founded by David Tseng and Justine Lu, both of whom have extensive experience in game development and blockchain technology. In addition, the Lootex team has 14 more members, all of whom are passionate about art and technology. 

Investors

Recently, Lootex has raised 9 million USD from many large investment funds such as: Spartan Capital, Infinity Ventures Crypto, LD Capital, Akatsuki, SweeperDAO, YGG SEA, Polygon Studio, HTC, Huobi Ventures, OKEx Blockdream Ventures, Avocado Guild, Cherubic Ventures, Palm Drive Capital, Evernew Capital, Morningstar Ventures, NGC Ventures, Petrock Capital, Panony, Yolo Investments, Kosmos Ventures, Daedalus…

Project partner

Lootex is currently working with The Sandbox to build several stores on Lootex's Land inside the world of The Sandbox. Additionally, Lootex has partnered with Arkane to provide NFT minting, Easy Wallet and Marketplace.  

Lootex development roadmap

Lootex was founded in 2018, but this project's Marketplace will not be launched until February 2021 due to the explosion of the NFT wave as well as blockchain technology. Therefore, the project's development roadmap in the blockchain space is still being finalized and has not been announced to the community.

Overview of the LOOT . token

What is LOOT token?

LOOT is the native token of the Lootex project and currently there is not much information about the function of this token.

Details of the LOOT . token

• Ticker: LOOT
• Blockchain Network: Updating
• Total Supply: 100,000,000 LOOT
• Initial Circulating Supply: 37,500,000 LOOT
• Initial Market Cap: 1,400,000 USD

Allocate LOOT . tokens

• Staking & Farming: 30%
• Treasury: 10.6%
• Ecosystem: 14%
• Public Sale: 0.5%, all tokens in the public sale will be unlocked and distributed to investors.
• Seed: 6%, of which 5% of LOOT tokens will be unlocked at TGE, the rest will be locked for 5 months and then allocated within 2 years.
• Private: 10%, of which 5% of LOOT tokens will be unlocked at TGE, the rest will be locked for 5 months and then allocated within 2 years.
• Strategic: 8%, of which 5% of LOOT tokens will be unlocked at TGE, the rest will be locked for 5 months and then allocated within 2 years.
• Advisors: 4%, these tokens are locked for 1 year and then distributed linearly over 3 years.
• Team: 16.9%, these tokens are locked for 1 year and then will be distributed linearly over 3 years.

Where can LOOT tokens be bought and sold?

Currently Lootex is holding a LOOT token sale opening event on Huobi Primelist. Investors can refer to Lootex's method of participating in this event in the article " Guide to participate in the Huobi Primelist series of events during the 2022 Lunar New Year ".

Future of Lootex and should invest in LOOT token or not?

With the increasing demand to join the Metaverse trend, Lootex is positioning itself at the forefront of the revolution of Play-to-earn, Move-to-earn or Share-to-earn formats. . Lootex has built an active and enthusiastic community of over 80,000 monthly active users. 

At the same time, this platform has also had certain successes when the revenue exceeded the milestone of 2 million USD in November 2021. So far, Lootex has partnered with more than 50 blockchain-based games such as RPS League, Block Monster, Dungeon Swap, Olympus Royale, etc.

Together with partnerships and support from multiple investment funds will allow Lootex's cross-chain NFT trading platform to grow further. Lootex's marketplace currently has over 12,000 NFTs with over 500 collections. Its easy to use interface allows players to browse and buy the things they need and even monetize their skills without any technical knowledge. 

However, it is still too early to judge that this project has real potential or not. Investors need to research carefully before making an investment decision in this project.

Some official information channels of the project that investors can follow are:

Website | Twitter | Telegram | Discord

summary

The Lootex team has created a platform that eliminates the confusion of NFTs. The platform allows users to access these NFT assets seamlessly. Through the innovation and integration of cross-chain technology, Lootex has expanded its user base to both Binance Smart Chain and Ethereum. Lootex's service takes care of the creation, custody and trading of NFTs through their Forge, Vault and Marketplace. Expanding to many other blockchains, Lootex allows users to easily access the platform and participate in the NFT space at a low cost, even for free. 

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