BLUR, the token from the NFT marketplace that shares its name, expires 30% after this week’s Season 2 airdrop and also the news the token is going to be for auction on crypto exchange Binance.
Sometimes of publication, BLUR is buying and selling at $.63, up jsust under 30% at the time and around 82% around the week, per data from CoinGecko.
Blur’s finish-of-season airdrops are made to incentivize traders to make use of the NFT marketplace the growing season 2 airdrop saw an incentive pool of 300 million BLUR tokens (worth around $185 million at today’s cost) given to users. One trader claimed 22.85 million BLUR tokens within the airdrop, according to their activity around the marketplace throughout the several weeks-lengthy Season 2. The tokens were worth around $7.3 million at that time these were claimed, and today add up to around $14 million.
Furthermore, crypto exchange Binance has announced that it’ll list BLUR.
What’s Blur?
Launched in October 2022, NFT marketplace Blur overtook OpenSea in NFT buying and selling volume in Feb, propelled by its system of incentives for traders.
Blur lately announced a shakeup of their that it is rewards program for Season 3, which is “powered” by recently launched Ethereum layer-2 network Blast. Within the announcement, Blur mentioned that it is community is going to be airdropped “REDACTED” following Season 3 in May 2024.
Blast, that provides native yield on cryptocurrencies including Ethereum and stablecoins, announced on Twitter Tuesday it has elevated $20 million from investors including Paradigm and Standard Crypto.
Included in its reward structure overhaul, users who deposit BLUR in to the platform will get 50% from the season’s rewards included in the airdrop.
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