LookRev Branch
Using smart contract as the infrastructure, LookRev creates an ecosystem, where fashion makers can collaborate with customers and grow their new fashion lines.
Each LookRev branch uses a blockchain ledger to record the contributions that people made to that branch, and distribute rewards to its contributors automatically.
This removes the concern of the compensation, building a trustless system for collaboration, creating the foundation for fashion makers to collaborate with customers.
Each branch has its own blockchain ledger, rewards pool and smart contract. Each branch represents a unique fashion line, where customers can help codesign and buy the products.
Each LookRev branch grows like a tree branch. It starts from the growth phase, when a new product line is created. It enters the mature phase when people start buying products from the product line. It grows into the parent phase when it grows out child branches.
At the growth phase, LookRev foundation funds the rewards pool with $LOOK tokens and a limited amount of $USDT. The amount of the rewards is based on the phase of the product line as well as the level of contributions people made to the branch.
At the mature phase, a portion of the profit received from selling the products from the product line is automatically distributed to the contributors of the branch.
A branch can grow child branches. When a child branch distributes rewards, 10% of its rewards is automatically distributed to its parent branch's rewards pool. So it is beneficial for the parent branch to grow child branches when it is ready.
Contributors to a branch can vote and refine the rules of the branch. The rules of the branches are governed by the smart contracts, and are automatically executed at the time of the distribution.
LookRev branch uses a trustless system, that doesn’t require people to trust each other, but have the trust that they will be rewarded by playing fair with each other, and contribute to the branch.
A branch only grows when people are making real contributions to the branch, and the growth is visible to all the contributors of that branch. Contributors can alert LookRev team if they notice that a contributor is making fake contributions to the branch. Once verified, the contributor who is making the fake contributions will be banned from receiving rewards from all LookRev branches.
People can use the LookRev referral program and contribute to the LookRev branches. The details are posted at https://lookscoin.com/rewards/.
People can contribute to LooksCoin's telegram shilling rewards program by joining our telegram group at https://t.me/LooksCoinShill.
If you would like to launch a branch for your new product line, please reach out to LooksCoin team.