What is the issuance price and issuance volume of BLUR coins?

The Blur marketplace's BLUR coin initial issuance price was set at $0.075, and the total supply was capped at 3 billion tokens.

Nov 17, 2024 at 04:00 pm

What is the Issuance Price and Issuance Volume of BLUR Coins?

Introduction

BLUR is the native token of the Blur marketplace, a decentralized NFT marketplace that aims to provide users with a more efficient and user-friendly platform for trading NFTs. BLUR coins play a crucial role within the Blur ecosystem, offering holders various benefits and incentives, including governance rights, rewards, and reduced trading fees.

Issuance Price and Volume

The initial issuance price and volume of BLUR coins were determined during the token's initial distribution event (IEO). Here's a detailed breakdown of the key details:

1. Issuance Price

• The initial issuance price of BLUR coins was set at $0.075.
• This value was determined through a combination of market analysis, community feedback, and the project's anticipated growth potential.
• The issuance price was designed to be attractive and accessible to a broad range of investors, while also providing early supporters with the opportunity to participate in the project's success.

2. Issuance Volume

• The total issuance volume of BLUR coins was capped at 3 billion tokens.
• This limited supply was implemented to ensure scarcity and maintain the value of the token over time.
• The distribution of the tokens was carefully planned to balance the interests of various stakeholders, including the project team, investors, and the community.

Distribution Mechanism

The BLUR coins were distributed through a combination of methods, including:

• Private Sale: A portion of the tokens was sold to early investors in a private sale. This sale helped raise capital to fund the project's development and marketing efforts.
• Public Sale: A public sale was held to allow a wider range of investors to participate. The public sale price was set at the same level as the private sale price, providing equal access to all participants.
• Community Incentives: A portion of the tokens was reserved for distribution to the community through various incentives programs. These programs rewarded early adopters, active users, and contributors to the Blur ecosystem.
• Team Allocation: A certain percentage of the tokens was allocated to the project team as compensation for their efforts in developing and operating the Blur platform.

Token Lock-up Schedule

To ensure the stability and longevity of the BLUR ecosystem, a lock-up schedule was implemented for the tokens distributed to the project team, early investors, and private sale participants. The lock-up periods varied depending on the recipient and the purpose of the token allocation.

Conclusion

The issuance price and volume of BLUR coins were carefully determined to establish a solid foundation for the Blur marketplace. The distribution mechanism ensured a fair and equitable distribution of tokens, while the lock-up schedule provided stability and protected the interests of all stakeholders.