Dear Bitruers,
Today, we are excited to share a new article about Blur! Be sure to follow Bitrue's Official Twitter and Telegram to stay updated!
Introduction
Blur is a decentralized NFT marketplace designed for professional traders, offering a unique combination of speed, efficiency, and zero marketplace fees. Leveraging cutting-edge technology and a focus on community governance, Blur has quickly emerged as a leading force in the NFT space.
Read More: Blur's Season 2 Airdrop: A $49.2 Million Token Distribution
How Blur Works?
Blur's core functionality revolves around its advanced sweeping tool, which allows users to execute trades with unprecedented speed and efficiency. Unlike traditional NFT marketplaces, Blur doesn't rely on order books, instead utilizing a mechanism that enables traders to directly match their bids and asks. This results in faster executions and lower transaction costs.
In addition to its sweeping tool, Blur offers a suite of features tailored to the needs of pro traders, including:
-
Seamless Aggregation: Blur aggregates listings from multiple marketplaces, providing users with a comprehensive view of NFT liquidity.
-
Smart Bidding: Blur's smart bidding functionality optimizes bids based on real-time market data, helping users secure NFTs at the best possible prices.
-
Portfolio Management: Blur's portfolio management tools allow traders to track their NFT holdings and manage their assets effectively.
What Makes BLUR Unique?
Blur stands out from the crowd with its unique combination of features and its commitment to community governance. Here are some of the key factors that set Blur apart:
-
Zero Marketplace Fees: Blur does not charge any marketplace fees, making it an attractive option for traders seeking to maximize their profits.
-
Advanced Sweeping Tool: Blur's sweeping tool is one of the fastest and most efficient in the NFT space, giving traders a significant advantage in the market.
-
Community-Driven Governance: Blur is governed by a DAO (Decentralized Autonomous Organization), allowing the community to actively participate in decision-making processes.
Tokenomics & Token Utility
Allocation
3 billion BLUR have been minted at genesis and will become accessible over the course of 4 to 5 years. If you are familiar with UNI, you will notice that BLUR follows a similar schedule, with additional cliffs and longer vesting for advisors. The initial 4 to 5 year allocation is as follows:
-
51% to Blur community members 1,530,000,000 BLUR
-
29% to past and future core contributors with 4-year vesting 867,601,888 BLUR
-
19% to investors with 4-year vesting 565,633,826 BLUR
-
1% to advisors with 4 to 5-year vesting 36,764,286 BLUR
Community Treasury
12% of BLUR 360,000,000 BLUR can immediately be claimed by all NFT traders across any marketplace from Oct 19 2022 to Feb 14 2023, historical users of Blur with Care Packages, and creators.
With 12% of tokens available to be claimed by historical and future community members, the community treasury will have 39% of BLUR supply available to distribute to the community through contributor grants, community initiatives, and incentive programs. Of the 39%, 10% (300M BLUR) has been allocated to the incentive budget for the next incentive release. If all of the incentive budget is utilized, more can be allocated via governance vote.
Core contributors' and launch partners' BLUR allocations will have tokens vested on an identical schedule with the addition of a 4 month cliff for transfers. Advisors' BLUR allocation will vest over 48 to 60 months with a 4 to 16 month cliff.
Utility: Governance
The governance of BLUR, an ERC-20 token, is structured to manage key parameters of the Blur marketplace protocol and the lending protocol (Blend).
Read More: PYTH Token Powering the Future of Decentralized Finance on the Pyth Network