editors
Posted:
- Blur eventually dropped its token on 14 February.
- 51% of the token is allocated to the community, according to released tokenomics.
While some around the globe celebrated Valentine’s Day, Blur [BLUR] gave fans what they had been waiting for by releasing its much-anticipated token. The company alerted followers to the release through a social media post on 14 February and pointed qualified users to the AirDrop landing page.
IT'S TIME FOR $BLUR
Care Packages can be opened on Feb 14 at 12PM EST, 1AM HKG, 6PM CET.
Make sure the launch announcement comes from our official @BLUR_io account tomorrow and double check all URLs before claiming. pic.twitter.com/tSbOPLqYTW
— Blur (@blur_io) February 13, 2023
Is your portfolio green? Check out the Blur Profit Calculator
The tokenomics revealed
It was previously noted that the lack of tokenomics was a major complaint against Blur. Unfortunately, there was a lack of it, which cast doubt on the legitimacy of the token and the process by which it was distributed. However, on 14 February, the tokenomics was made public and described the distribution schedule and methods in detail.
In addition, the tokenomics stated that contributors, advisors, investors, and the community at large would receive varying percentages of tokens.
Source: Blur
Community scoops up the BLUR
In all, 360 million tokens were distributed, and as of this writing, over 303.3 million tokens have been claimed, according to statistics from Dune Analytics. The claimed tokens on the first day amounted to over 80% of the AirDrop.
Additionally, the dune data showed that 39.6% of recipients got 100- 1,000 tokens, while 35.8% got 1,000- 10,000 tokens. According to the statement on the Blur page, traders have 60 days to claim their AirDrop.
Source: Dune Analytics
Seven addresses sold all the BLUR tokens they had claimed, while 15 of the top 20 recipients traded the token, according to a post by Lookonchain. On its first day of trading, the price of the token soared to more than $5. However, as of this writing, the price adjusted, and was trading at roughly $0.73, reflecting a gain of over 12% over the same trading time.
How much are 1,10,100 BLURs worth today?
In addition, major exchanges and wallets, including Huobi, OKEx, and Coinbase, promised support for the coin before it launched.
Source: Trading View
The success of the token following its AirDrop remains to be seen. Additionally, it is still being determined if and how the token would affect trades on the Blur NFT marketplace.
