Blur announces its economic model: an initial total supply of 3 billion tokens, with 51% allocated to the community.

2023-02-15 11:00

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Original Title: "A Quick Look at the Blur Token Economic Model and Airdrop Distribution Claim Status"

Original Author: Karen, Foresight News

Blur airdrop benefits have always been a focus of market attention. This morning, Blur Token was officially launched and 360 million airdrops were distributed 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 stated that this is only the first season, and the current Blur has opened the second season, but the specific reward details have not been announced. In the next 30 days, all bidding and listing points will be doubled.

OKX's BLUR went online for 2 minutes and the highest price reached was 8.36 USDT (the highest on Bitget was 12 USDT), and within the next 10 minutes, it fell 90% from the highest point to around 1 USDT, currently at 0.82 USDT. Based on the current price, Blur's current market value is approximately $2.4 billion. In comparison, the current valuation of similar competitors LooksRare Token, after complete dilution, is $286 million, and X2Y2 is valued at $145 million.

It is worth noting that according to The Block's report yesterday, Blur will be valued at $1 billion in its financing. The only round of financing disclosed by Blur was completed in March 2022, when it completed a $11 million seed round of financing, led by Paradigm, with participation from eGirl Capital, Keyboard Monkey, LedgerStatus, 0xMaki, Santiago Santos, Zeneca, Deeze, and others.

Airdrop Claim Status

Blur today's airdrop token allocation is 360 million, accounting for 12% of the initial total 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 details of the airdrop:

23 addresses received over 1 million tokens each; 33 addresses received between 500,000 and 1 million tokens; 195 addresses received between 100,000 and 500,000 tokens; 4,500 addresses received between 10,000 and 100,000 tokens; 18,420 addresses received between 1,000 and 10,000 tokens; 15,776 addresses received between 100 and 1,000 tokens; 4,090 addresses received less than 100 tokens in the airdrop.

Source: Dune

(Note: The content contains HTML tags and a hyperlink, which should not be translated. Therefore, the translation is the same as the original Chinese text.)

The address that received the most Blur airdrop is 0xd5ee00b7babd9374d32159cd7cd82bb99ef831fd (created on November 20, 2022), with over 3.2 million tokens received. Currently, the address has not sold any tokens.

The address of the second largest token airdrop recipient is 0x8bc110db7029197c3621bea8092ab1996d5dd7be, created in 2020, with a current Ethereum balance of over 21 million tokens. This address has claimed a total of 2.97 million BLUR tokens, and after claiming, added liquidity of 440,000 BLUR and nearly 2 million ETH in two transactions on Uniswap V3. Additionally, 600,000 BLUR tokens were transferred to the OKX trading platform. Currently, this address still holds 1.73 million BLUR tokens.

The address of the third largest token airdrop recipient is 0x9e91f274f175388dd1950799fa69e00d699ae2ee, which was also created in October 2022. They have received over 2.5 million tokens and have not taken any further action at this time.

The fourth largest token airdrop recipient with address 0xa7888f85bd76deef3bd03d4dbcf57765a49883b3 claimed over 2.08 million BLUR tokens. After claiming, they transferred 1.3 million BLUR to OKX and are currently selling on DEX. They still hold 245,000 BLUR tokens.

The fifth largest airdrop recipient, 0x704cc43f35cee1c8164d3f4d730c3062c4af9b16, claimed over 2.05 million tokens but has not taken any further action after claiming.

The sixth largest airdrop received the address domain name as NFT player machibigbrother.eth (the address of Taiwanese singer Huang Licheng). The address claimed over 1.84 million pieces and still holds 888,888 BLUR after being sold more than ten times on DEX.

The seventh airdrop received an address with over 1.8 million BLUR claimed, currently holding 430,000 BLUR.

The eighth largest airdrop received the address spacenft.eth to claim over 1.76 million tokens, transferred 560,000 tokens to OKX, and transferred 1.2 million tokens to another address.

Token Economics

At the same time as launching Token, Blur also established the Blur Foundation, which aims to promote community-led governance and participation in DAOs, and assist contributors in developing and growing the Blur ecosystem.

BLUR has an initial total supply of 3 billion coins, which will be fully released within 4 to 5 years. The specific distribution plan is as follows:

Blur Token Economics

51% goes to Blur community members (1.53 billion coins); 29% goes to core contributors before and after the protocol, with a 4-month cliff and a 4-year release period (867,601,888 coins); 19% is allocated to investors, with a 4 to 16-month cliff and a 48 to 60-month release period (565,633,826 coins); 1% is allocated to advisors (36,764,286 coins).

Blur Token Release Plan

Regarding the community treasury, today's airdrop distribution quota is 360 million tokens (12% of the initial total supply), which will be released immediately. Additionally, 39% of the tokens will be distributed to the community through contributor grants, community initiatives, and incentive programs. Within this 39%, 10% has already been allocated to the incentive budget for the next release.

Below is the distribution plan for the community in the next four years. The distribution of tokens for the community will gradually decrease over the next four years. In the first year, 468 million tokens will be distributed, which means that in addition to the 360 million tokens distributed today, there will be an additional 108 million tokens distributed to users in the first year.