Blur ($BLUR) refers to itself as the “Fastest NFT Marketplace”. They provide users with a decentralized marketplace for trading Non-Fungible Tokens (NFTs). This article is a guide to Blur’s largest and final airdrop, and everything you need to know about its token launch.

Update 15 Feb: The Blur token airdrop has been completed with 360m BLUR airdrops being distributed for free. Some users have reported more than $100,000 worth of airdrops, so it pays to be a loyal user of the platform. Sign up for the NEW Boxmining Newsletter to get alerted about upcoming airdrops.

What is Blur?

Blur NFT platform overview

Blur ($BLUR) is a decentralized NFT marketplace allowing users to execute trades faster. Their aim is to move the NFT space towards becoming institutional-grade, all the while increasing decentralization.

Blur is created by a team of builders from Square, MIT, Brex, Five Rings, and Y Combinator.

So far, Blur has raised US$11 million dollars from investors such as Paradigm. Blur has partnered with notable names in the cryptocurrency and NFT space such as 0xMaki, eGirl Capital, Keyboard Monkey, 6529, Zeneca, Deeze, Cozomo, and DHOF.

Features of Blur

Blur aims to stand out as an NFT Marketplace with these unique features:

Sweep across multiple NFT marketplaces;

fast access to NFT reveals. Blur lets users snipe NFTs before it even hits the major NFT market analytics sites and aggregators; and

improved user experience (UX) and interface lets users manage their NFT portfolios with the most advanced analytics.

What is the Blur ($BLUR) token?

$BLUR is the native token of the Blur NFT marketplace. $BLUR will be used as the governance token for the NFT marketplace. Additionally, Blur is adopting an original strategy when it comes to the royalties issue, as users of the platform who support creator royalties will receive a greater amount of the token as a reward.

$BLUR Tokenomics

$BLUR’s max supply is capped at 3 billion tokens (Source: TokenUnlocks). 51% of it goes to the community treasury, 29% to core contributors, 19% to investors, and 1% to advisors. Currently, only 360 million $BLUR are unlocked and in circulation, meaning 88% of tokens are locked.

There will be a linear unlock of 1.2 million $BLUR per day distributed to the community treasury. And the next cliff unlock will be on 15th June 2023, unlocking 196 million $BLUR to all holders. At the time of writing, $BLUR is trading $1.1 with a $400 million market cap, which puts its fully diluted valuation at $3.33 billion.

Does Blur have a $BLUR token airdrop?

Blur has announced it will do Season 2 of airdrops. They have recently finished Airdrop 3, and have done 2 other successful airdrops in the past.

For Airdrop 1, users that had traded NFTs on their platform 6 months prior were airdropped a Care Package containing a sum of $BLUR.

Blur’s second airdrop was announced on 20th October 2022 and was even bigger than the first. Those who participated in Blur’s Airdrop 2 collectively received 10x more Blur tokens than Airdrop 1 participants. For Blur’s Airdrop 2, users who listed an NFT on the Blur platform through November 2022 were eligible.

What is Blur’s Loyalty mechanism?

Blur has introduced a Loyalty mechanism. Loyalty affects your chances of being airdropped Care Packages containing a lot more $BLUR tokens. Blur’s Loyalty is measured on a snapshot of how many of your NFTs have been listed on Blur compared to other marketplaces. Listing your NFTs on other marketplaces will not affect your loyalty score. But, your score will be affected if your listing on Blur is at a higher price than other marketplaces. Here are your odds of getting a super rare Care Package airdrop based on your loyalty:

<50% loyalty = low luck;

50-90% loyalty = medium luck;

90-97% loyalty = high luck; and

97%+ loyalty = very high luck

End of Blur’s Season 1 Airdrop

Blur’s Airdrop 3, the largest and last reward of Season 1, ended on 14th February 2023. This airdrop distributed around 1-2x more Blur tokens to participants. Airdrop 3 rewarded traders who placed bids on Blur with Care Packages containing $BLUR tokens.

I missed the airdrop! Is there a Blur Season 2 airdrop?

Yes, Blur revealed there will be a Season 2 airdrop soon. All bidding and listing points have been doubled until 1st April 2023. This means that you must start listing and bidding NFTs on Blur to get a head start on the Season 2 rewards. Remember to bid on top collections closer to the floor price to boost your points.

How to maximize your $BLUR token airdrop?

The Blur team hinted at several ways in which users could maximize their airdrops. Here were some ways you could maximize your Blur token airdrop:

Listing more NFTs

listing blue chips

listing more active collections

using all of Blur’s listing tools e.g. listing by floor price, trait floor price, and ladder list

avoid “gaming” the system, e.g. by relisting NFTs at unrealistic prices, listing dead collections, and sybil attacking

listing on other NFT marketplaces via Blur

placing a minimum of 3 sweeps on Blur before Airdrop 2

According to Blur, here are some ways in which you can get more points and maximize the amount of airdropped $BLUR tokens:

Within a collection, the highest “risk” bids will earn the majority of points. For example, if the floor price of an NFT is 1.01, and there are 100 bids at 1 whilst your bid is at 0.99, you would not earn as many points. This is because there are 100 bids in front of you at a higher price. Whereas if you bid at 1.01, you are bidding more than others and taking the most “risk”. This in turn means you can earn more points to potentially get more airdropped $BLUR tokens;

the longer your bid is active, the more points you will receive. You stop earning points when your bid is accepted;

users can reuse the ETH in their Bid Pool across different NFT collections. So, the strategy to get the most points is to big closest to the floor price across multiple active collections; and

the top 100 bidders within a 24-hour time period in Blur’s 24-hour leaderboard can be granted different boosts of up to 2.5x.

Blur also has a Loyalty system, which affects your luck when revealing your Care Packages. The odds of getting super rare Care Packages with a lot more $BLUR tokens will be increased if your average loyalty throughout the airdrop campaign remains high. Here are your odds of getting a super rare Care Package airdrop based on your loyalty:

<50% loyalty = low luck;

50-90% loyalty = medium luck;

90-97% loyalty = high luck; and

97%+ loyalty = very high luck

Users can check their loyalty score on Blur’s airdrop tab.

Blur Airdrop ultimate strategy: How to turn 1-2 ETH into $85,000? (Tried and tested)

Luke Cannon on Twitter shared how he turned 1-2 ETH into $85,000 by simply participating in Blur’s airdrops. Here are some of his tips:

$0 airdrop anchoring;

high volume/ low competition;

liquidity recycling patience; and

loyalty

$0 airdrop anchoring. This is where you focus only on bidding on NFTs that you could profitably flip. For example, bidding on new mints or older projects that still maintain support.

High volume/low competition. Find relatively high volume, low competition, and long-term collections to bid on. Also, you can use the same ETH to bid on as many collections as possible.

Liquidity recycling patience. Have conviction in the NFT collection that you own and do not sell your NFTs at a loss. And again, do not make bids unless they are profitable.

Having 24/7 perfect loyalty will ensure maximum $BLUR airdrops.

When can you open your airdropped $BLUR Care Packages?

You can open the $BLUR token Care Packages received from Airdrops 1, 2, and 3 from the $BLUR token launch on 14th February 2023 onwards.

When is the $BLUR token launch?

On 14th February 2023, the $BLUR token was launched. $BLUR is listed on ByBit, Coinbase, Uniswap, Kucoin, Gate.io and many others.

Higher NFT Trading Volume than OpenSea

Since the beginning of February, Blur has seen more NFT trading volume than OpenSea, the number one NFT platform in the world. However, according to Dune Analytics, 11% of Blur’s total traded volume was flagged as wash trading. This is when someone buys and sells the same asset to fake an active trading volume. In the case of Blur, the more trades you get, the more care package you can potentially acquire.

Blur Airdrop Review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: Blur’s final and largest airdrop yet is now LIVE.

Airdropped Token Allocation: Blur’s Airdrop 2 gave a total of 10x more tokens than Airdrop 1. What’s more, the current Blur Airdrop 3 will be distributing 1-2x more $BLUR tokens compared to Airdrop 2. This makes Blur’s current airdrop very generous.

Airdrop Difficulty: Blur’s airdrop is not difficult in terms of participation. Users simply connect their wallet to Blur and begin bidding on NFT collections. Airdrops are given based on a point system, which rewards bids on NFT collections based on their 24-hour volume. There are additional rewards for Loyalty to the Blur platform.

Token Utility: The $BLUR token is used for governance.

Token Lockup: Airdropped $BLUR token Care Packages can be opened after 14th February 2023.

Frequently Asked Questions (FAQs)

The post Blur Airdrop Guide: How to Get Season 2 Rewards? appeared first on Boxmining.

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Filed under: Bitcoin - @ February 20, 2023 4:00 am