Blur economic model: 3 billion in total, 51% distributed to the community

In the first year, in addition to the 360 ​​million tokens allocated today, 108 million tokens will be distributed to users.
Blur's airdrop benefits have always been the focus of market attention. In the early hours of today, Blur Token was officially launched, and 360 million airdrops were issued to trading users, blind box holders and creators in the past three months. Users who joined the waiting list in May last year and closed beta users will also receive additional airdrops. Blur said that this is only the first season, and Blur has now started the second season, but the specific reward details have not yet been announced. In the next 30 days, all bids and listing points will be doubled.
The price of BLUR on OKX rose to a maximum of 8.36 USDT in the 2nd minute after it went online (the maximum price on Bitget was 12 USDT), and fell 90% from the highest point in the next 10 minutes to around 1 USDT, which is currently 0.82 USDT. At current prices, Blur's current market capitalization is approximately $2.4 billion. In comparison, the current fully diluted valuation of similar competitors LooksRare Token is US$286 million, and X2Y2 is valued at US$145 million.
It is worth noting that, according to The Block yesterday, Blur will raise funds at a valuation of US$1 billion. The only round of financing disclosed by Blur was completed in March 2022, when it completed a seed round of US$11 million, led by Paradigm, with participation from eGirl Capital, Keyboard Monkey, LedgerStatus, 0xMaki, Santiago Santos, Zeneca, Deeze, etc.
Airdrop claim status
Blur distributed 360 million airdropped tokens today, accounting for 12% of the total initial supply of tokens. According to Dune data, as of the time of writing, nearly 50,000 users have claimed nearly 287 million BLUR airdrops, accounting for nearly 80% of the total airdrop distribution.
Specific distribution of airdrops:
23 addresses each received more than 1 million Tokens; 33 addresses received airdrops between 500,000 and 1 million; 195 addresses received airdrops between 100,000 and 500,000; 4,500 addresses received airdrops between 100,000 and 500,000. The number of airdrops received was between 10,000 and 100,000; 18,420 addresses received airdrops between 1,000 and 10,000; 15,776 addresses received airdrops between 100 and 1,000; 4,090 addresses received airdrops. The quantity is less than 100 pieces.The address that has received the most Blur airdrops is 0xd5ee00b7babd9374d32159cd7cd82bb99ef831fd (address created on November 20, 2022), which has received a total of more than 3.2 million Tokens. This address has not yet been sold.
The second largest Token airdrop recipient address 0x8bc110db7029197c3621bea8092ab1996d5dd7be was created in 2020, and the current Ethereum balance exceeds 21 million. This address has claimed a total of 2.97 million BLUR. After claiming, it added 440,000 BLUR and nearly 2 million ETH liquidity to Uniswap V3 in two batches, and also transferred 600,000 BLUR to the OKX trading platform. Currently, this address still holds 1.73 million BLUR.
The third largest Token airdrop winner address, 0x9e91f274f175388dd1950799fa69e00d699ae2ee, was also created in October 2022 and has received a total of more than 2.5 million Tokens. No further action has been taken yet.
The fourth largest Token airdrop recipient address 0xa7888f85bd76deef3bd03d4dbcf57765a49883b3 claimed more than 2.08 million BLUR. After claiming, he transferred 1.3 million BLUR to OKX. He has now started selling them on DEX and currently holds 245,000 BLUR.
The fifth largest airdrop winner, 0x704cc43f35cee1c8164d3f4d730c3062c4af9b16, claimed more than 2.05 million coins and has not made further activities since claiming it.
The domain name of the address that received the sixth largest airdrop is NFT player machibigbrother.eth (the address of Taiwanese singer Huang Licheng). This address claimed more than 1.84 million BLURs and still held 888,888 BLURs after selling them on DEX more than ten times.
The seventh largest airdrop recipient address has claimed more than 1.8 million BLUR, and currently holds 430,000 BLUR.
The eighth largest airdrop address, spacenft.eth, claimed over 1.76 million coins, transferred 560,000 coins to OKX, and transferred 1.2 million coins to another address.
Token Economics
While launching Token, Blur also established the Blur Foundation, which aims to promote community-led governance and participation in DAO, and assist contributors to develop and grow the Blur ecosystem.
The initial total supply of BLUR is 3 billion, which will be released within 4 to 5 years. The specific distribution plan is:
Blur Token Economics
51% to Blur community members (1.53 billion coins); 29% to previous and future core contributors of the protocol, 4-month cliff, released in 4 years, (867,601,888 coins); 19% allocated to investors, 4 to 16 coins Monthly cliff, released in 48 to 60 months (565,633,826 coins); 1% allocated to advisors (36,764,286 coins)Blur Token release plan
In terms of the community treasury, today’s airdrop allocation is 360 million tokens (12% of the initial total supply). These tokens will be released immediately, and 39% of the tokens will be distributed to the community through contributor grants, community initiatives, and incentive programs. Of this 39%, 10% has been allocated to the incentive budget for the next incentive release.
Below is the distribution of community allocations in the next four years. The community-oriented token allocation will gradually decrease in the next four years. 468 million tokens will be allocated in the first year, which means that in the first year, in addition to the 360 ​​million tokens allocated today, there will be 108 million tokens allocated to users.