NFT Marketplace Blur Announces Airdrop of Native Token
On February 14, the popular NFT marketplace introduced Blur (1) its native token, also called BLUR. A few hours later, Blur also conducted an airdrop, where they distributed 85% of the total number of BLUR tokens. The NFT marketplace rewarded customers with “care packages” if they participated in NFT deals on the Blur marketplace.
IT’S TIME FOR $BLUR
Care packages can be opened on 14 February at 12pm EST, 1am HKG, 6pm CET.
Make sure the launch announcement comes from our official @BLUR_io account tomorrow and double-check all URLs before making a claim. pic.twitter.com/tSbOPLqYTW
— Blur (@blur_io) 13 February 2023
Traders will be able to engage in the governance protocol of the platform using the platform’s native token, BLUR. In addition, it will also enable traders to participate in the platform’s governance protocol. In addition, consumers have the opportunity to profit from the success of the marketplace through community ownership.
The NFT marketplace has said that traders will have sixty days to claim BLUR tokens that have been dropped. According to the statistics provided by CoinMarketCap, the current price of a single BLUR coin is $0.91.
NFT marketplace Blur stated in a tweet what it offers in its tweet:
“Since the platform went live [four] months ago, 146,823 users have completed NFTs for a total of $1.2 billion. This expansion is incredible and would not have been achieved without the support of the Blur community.
Blur is a zero-fee non-fungible token (NFT) marketplace introduced in October 2022. In a very short time, it has gained immense popularity. The Blur NFT marketplace has seen a total of $430 million in trading volume over the past 30 days, placing it second only to OpenSea.
The newly introduced BLUR coin is a governance token built on the ERC-20 standard and has a supply cap of three billion. Airdrop holders have received a share of the offer corresponding to twelve percent of the total amount.
Another 78% has been locked up in two separate lock contracts, and the remaining 9% is held in a multi-sig wallet managed by the Blur team.
The NFT marketplace conducted an airdrop of 360 million BLUR tokens yesterday for the benefit of “care package” token holders. It is interesting to note that on the first day, more than fifty percent of the tokens dropped from the air were claimed.
Over 50% of blur airdrop day1 tokens were claimed within the first hour! (using 12% of 3 billion assumption) pic.twitter.com/ELfV6CDg9k
— domo (@domodata) 14 February 2023
Using the BLUR token
Blur markets itself as a place for professional traders to perform NFT transactions. Last year, NFT marketplace Blur completed a seed round of funding, raising $11 million, and was led by Paradigm.
The NFT marketplace is trying to expand its user base by allowing traders to earn significant token incentives.
By acting as a governance token for the Blur NFT marketplace, the BLUR token will drive the ecosystem further towards decentralization. Blur pursues a new approach to the delivery of royalty offerings through the dynamics of the symbols.
The debut of this token has the potential to be a major factor in the Blur NFT Marketplace’s efforts to increase its presence in the Web3 market. Blur needs to focus on growing its army of active traders and the number of transactions it processes to compete with industry titans like OpenSea.
