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The One Copywriting Technique You’re Not Using (+6 Ways to Do It)

There are two magic lands. One is the land of friendly grain-grower tribes, while the other is a motherland of mean-spirited hunters warring and betraying for profit. Can you guess which land is called Grataka and which one is called Lamoniana? Okay, hold that thought because we’ll get to it in just a sec. In today’s post, we’re going to talk about a copywriting strategy that you probably have never heard of and how to use it to write copy that sells . It’s got a complicated name, but it’s actually an easy and effective strategy. Let’s dive in. What is phonosemantics? Phonosemantics ( aka phonoaesthesia, aka sound symbolism) is a portmanteau word defining the theory that meanings come from sounds . Each sound, or phoneme, carries a specific psychological impression. Whereas onomatopoeias are a category of words that define themselves in the way they are pronounced, phonosemantics says that any word can make an impression based on the way it’s pronounced. Which explains why

Devious Trading Contributes to LooksRare’s Impressive Sales Stats

Wash Trading

New contender to the NFT marketplace throne, LooksRare, is reporting incredible sales figures during its first few days of operations. So far, it has generated over $394 million worth of trades. However, not all is as it seems.

To give a bit of background, LooksRare offers lower platform fees than its main rival, OpenSea, while also rewarding users of the marketplace through the distribution of its native $LOOKS token, gifting a total of 2,866,500 tokens, currently worth $4.42 each, per day over a period of 30 days to its traders.

However, it seems that mathematically astute purveyors of non-fungible tokens have seen an opportunity. Through washtrading, the process of artificially generating activity on the market, they believe they can make more money through the $LOOKS rewards than they spend on platform and gas fees.

Because of this, collections that don’t charge a royalty fee on the secondary market have surged. Specifically, Meebits and LOOT are trading at unprecedented levels, almost eclipsing that of their all-time trading volume. So far, Meebits has traded over 107k ETH on LooksRare, compared to its total volume traded of 80k ETH on OpenSea, while a single, unassuming Meebit “changed hands” for an incredible 14700 ETH, almost $50 million. However, the more people who participate, the smaller the share in tokens will become.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

The post Devious Trading Contributes to LooksRare’s Impressive Sales Stats appeared first on NFT Plazas.

* This article was originally published here


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