Introduction to Blur (BLUR)
Blur (BLUR) is the native token of the Blur NFT marketplace, a platform designed specifically for professional NFT traders. As of the latest data, BLUR is trading at $0.0711, with a 24-hour trading volume of $9,072,979. The token has experienced a price decline of -2.68% over the past day.
The circulating supply of BLUR stands at 2.408 billion tokens, with a maximum and total supply capped at 3 billion. This results in a circulation rate of 80.26% and a market capitalization of $171,155,088. Blur distinguishes itself by combining real-time market data with aggregation capabilities, allowing traders to efficiently scan listings across multiple markets, manage portfolios, and execute trades faster than on other platforms.
What Makes Blur (BLUR) Unique?
Blur has positioned itself as a premier NFT marketplace by implementing several innovative features:
- Incentivized Royalties: Blur is the first marketplace to enforce a model that encourages royalty payments. It defaults to the highest royalty standards among leading platforms like OpenSea, LooksRare, and X2Y2.
- Customizable Listings: Traders can customize royalty settings for their listings. Those not paying royalties on other platforms can list on Blur and set royalties to match platform fees (e.g., 0.5% on Sudo), potentially increasing their profits and eligibility for BLUR token airdrops.
- Profit-Driven Ecosystem: This setup incentivizes profit-oriented traders to contribute more to royalties, theoretically increasing the total royalties paid across the NFT ecosystem.
Understanding the Blur Airdrop Program
The Blur airdrop was conducted in three phases: Airdrop 1, Airdrop 2, and Airdrop 3. Each phase rewarded participants with Care Packages of varying rarity, which could be exchanged for BLUR tokens once they launched.
- Airdrop 1: Targeted active NFT traders in the six months prior to Blur's launch in October 2022.
- Airdrop 2: Rewarded traders who listed NFTs for sale on Blur through November 2022.
- Airdrop 3: Distributed the largest share of rewards, offering up to twice the packages of Airdrop 2 based on bidding activity through February 14th.
The Role of the BLUR Token
The BLUR token is integral to the Blur ecosystem, primarily distributed to the community to encourage participation and loyalty. It serves as a governance and utility token, enabling holders to influence platform decisions and access exclusive features.
How Blur Points and Leaderboards Work
Blur Points determine a user's position on the platform's leaderboard, which in turn prioritizes access to beta features and new releases. Points are earned based on wallet trading history year-to-date and through referrals. The more active a user and their referrals are, the higher they climb on the leaderboard.
Market Data and Blockchain Information
For those interested in on-chain data, Blur (BLUR) operates on the Ethereum blockchain. The contract address is 0x5283d291dbcf85356a21ba090e6db59121208b44, which can be explored using Etherscan or similar blockchain explorers.
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Frequently Asked Questions
What is Blur (BLUR) used for?
BLUR is the utility token for the Blur NFT marketplace, used for governance, fee discounts, and accessing exclusive features. It rewards active traders and supports platform development.
How can I buy Blur (BLUR) tokens?
BLUR tokens can be purchased on major cryptocurrency exchanges. Ensure you use a secure wallet and follow best practices for storing and trading cryptocurrencies.
What makes Blur different from other NFT marketplaces?
Blur focuses on professional traders with faster scanning, multi-market aggregation, and customizable royalty settings. Its incentivized airdrop and points system also encourage active participation.
Are there risks associated with trading on Blur?
As with any NFT platform, risks include market volatility, smart contract vulnerabilities, and regulatory changes. Always conduct thorough research and consider diversifying your investments.
How do I earn Blur points?
Points are earned through trading activity on the platform and by referring other users. Your points total affects your leaderboard ranking and access to new features.
Can I trade Blur (BLUR) on decentralized exchanges?
Yes, BLUR is available on several decentralized exchanges (DEXs) and centralized platforms. Check liquidity and security measures before trading.
Conclusion
Blur (BLUR) represents a significant innovation in the NFT marketplace sector, targeting professional traders with advanced tools and incentivized participation. Its unique approach to royalties, combined with a robust airdrop and points system, makes it a standout platform. For the latest updates and detailed analytics, always refer to official sources and trusted data providers.