How to get BLUR coins

Blur, a decentralized NFT marketplace, launched its native governance token, BLUR, enabling holders to govern platform development, earn rewards, and enjoy reduced trading fees.

Nov 16, 2024 at 09:17 am

How to Get BLUR Coins: A Comprehensive Guide

Blur, a decentralized NFT marketplace, has launched its native governance token, BLUR, bringing significant attention and anticipation within the Web3 community. As a utility token, BLUR empowers its holders to actively participate in platform governance, earn rewards, and unlock exclusive benefits. This guide provides a detailed exploration of the various methods available to acquire BLUR coins.

1. NFT Airdrop: Rewarding Early Contributors

• Blur distributed BLUR tokens through an NFT airdrop to its loyal users who actively traded on the platform between June 19, 2022, and September 19, 2022.
• Eligible users who met specific trading volume thresholds and owned at least one Blur NFT received a proportional allocation of BLUR coins during the snapshot period.
• The airdrop served as a token of appreciation for early adopters who contributed to the growth and success of the Blur marketplace.

2. Liquidity Mining: Earning Rewards for Liquidity Provision

• Blur offers liquidity mining programs that allow users to earn BLUR coins by providing liquidity to the platform's trading pools.
• Users can contribute their NFT assets to eligible liquidity pools and receive rewards for their contributions.
• The rewards are distributed based on the user's share of the liquidity pool and the duration of their liquidity provision.

3. Governance Participation: Shaping Platform Development

• BLUR token holders have the exclusive right to participate in the governance of the Blur platform.
• They can propose and vote on key decisions, such as protocol upgrades, fee adjustments, and community initiatives.
• Active participation in governance allows BLUR holders to influence the platform's direction and shape its future.

4. Staking Rewards: Earning Passive Income

• Blur offers staking rewards to incentivise long-term holders of BLUR coins.
• Users can stake their BLUR coins in the platform's staking pool to earn a share of the platform's fees and other rewards.
• The rewards are distributed to stakers based on the duration and amount of their stake.

5. Marketplace Participation:

• BLUR token holders enjoy reduced trading fees on the Blur marketplace.
• Every time a user places a buy or sell order on Blur, they pay trading fees, a portion of which is distributed to BLUR token holders.
• Market participation not only gives users access to exclusive benefits but also contributes to their overall earnings.