How much is the issuance of BLUR coins? A detailed introduction to the issuance of BLUR coins

Blur's tokenomics model allocates 51% of BLUR tokens to ecosystem rewards, providing incentives for user participation and community growth through airdrops, community engagement, and staking.

Feb 10, 2025 at 10:06 pm

Key Points:

• Blur's tokenomics and distribution model
• Calculation of token allocation and vesting
• Role of airdrop and community engagement
• Token use cases and long-term value proposition

Detailed Introduction to BLUR Coin Issuance:

1. Tokenomics Overview

blur is a decentralized NFT marketplace that aims to revolutionize the NFT trading experience through features such as advanced tools, aggregation of liquidity, and a user-friendly interface. The native token of the Blur ecosystem, BLUR, serves multiple functions within the platform, driving its growth and sustainability.

2. Token Allocation and Vesting

The total supply of BLUR tokens is capped at 360 million, distributed across various stakeholders as follows:

• Ecosystem Rewards: 51% (183.6 million BLUR) allocated to users and community contributors.
• Team and Investors: 29% (104.4 million BLUR) vested over 48 months.
• AirDrop and Liquidity Mining: 19% (68.4 million BLUR) distributed to users.

3. Airdrop and Community Engagement

Blur conducted its token airdrop in multiple phases, rewarding active users and supporters. The airdrop criteria included:

• Trading Volume: Users who traded a certain volume of NFTs on Blur received a portion of the airdrop.
• Bid-to-Earn Program: Users who participated in the bid-to-earn program were eligible for additional airdrop tokens.
• Loyalty and Community Contributions: Active participants in the Blur community, such as providing feedback and contributing to the protocol, received bonus airdrop tokens.

4. Token Use Cases and Value Proposition

BLUR tokens empower users and enhance the Blur NFT marketplace in several ways:

• Transaction Fees: Users who pay trading fees in BLUR receive a discount.
• Staking: Users can stake their BLUR tokens to earn rewards and participate in governance.
• Governance: BLUR holders can vote on platform upgrades, proposals, and decisions that impact the ecosystem's development.
• Reward Distribution: Blur distributes rewards and airdrops to BLUR token holders, incentivizing community participation and platform usage.
• Community Treasury: A portion of the BLUR tokens will go towards a community treasury to fund initiatives and support the long-term growth of the ecosystem.

5. Vesting and Inflationary Pressure

The team and investor allocation of BLUR tokens is vested over 48 months to avoid excessive supply and potential inflationary pressure on the token price. This gradual release also ensures that the long-term interests of stakeholders are aligned with the growth and stability of the Blur ecosystem.

FAQs:

Q: How many BLUR coins were issued in the airdrop?
A: 19% (68.4 million) of the total supply was distributed as airdrop tokens.

Q: What was the total allocation for team and investors?
A: 29% (104.4 million) of the BLUR tokens were allocated to team and investors.

Q: Can I earn BLUR tokens through staking?
A: Yes, users can stake their BLUR tokens to earn rewards.

Q: How are BLUR tokens used in the Blur ecosystem?
A: BLUR tokens are used for transaction fees, staking, governance, and reward distribution.

Q: How long is the vesting period for team and investor tokens?
A: The tokens are vested over 48 months.