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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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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