BLUR short-term looks for a rebound, long-term looks for volume to 0.06. The bottom continues to expand, and one can go long.
$BLUR is the native ERC-20 governance and incentive token of Blur, a well-known NFT aggregation trading platform on Ethereum.
Project Background
Launch: Platform testing in October 2022, BLUR token issued on February 14, 2023.
Positioning: Aimed at professional NFT traders, featuring zero fees, aggregation of multiple markets, bulk trading, and real-time data.
Background: Founded by MIT engineer Pacman, backed by top institutions such as Paradigm and Coinbase Ventures.
Token Overview
Total Supply: 3 billion tokens, fixed cap.
Allocation: Community 51%, Team 29%, Investors 19%, Advisors 1%.
Circulation: By 2026, about 90% will be in circulation, with low unlocking pressure.
Core Uses
Governance: Holders vote on fees, royalties, protocol upgrades, etc., through
#DAO .
Incentives: Used for trading mining, market-making rewards, airdrops, stimulating platform activity.
Ecosystem: Locked positions generate
#veBLUR , enhancing voting rights, dividends, and advanced feature permissions.
Market Position
#BLUR rose rapidly due to zero fees + large airdrops, once surpassing
#OpenSea to become the largest $NFT market by trading volume on Ethereum. BLUR is one of the most influential platform tokens in the NFT sector, but affected by the overall cooling of the
#NFT market, the price has significantly retreated from its historical high.