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  • Fear & Greed Index:
  • Market Cap: $2.7541T 0.310%
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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.

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