BLUR launches on Valentine’s Day, sees this % of claims on first day – Crypto News – Crypto News
Connect with us
BLUR launches on Valentine's Day, sees this % of claims on the first day BLUR launches on Valentine's Day, sees this % of claims on the first day

Cryptocurrency

BLUR launches on Valentine’s Day, sees this % of claims on first day – Crypto News

Published

2 years ago

on

  • 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 warned followers to the release through a social media post on 14 February and pointed qualified users to the AirDrop landing page.

Is your portfolio green? Check out the Blur Profit Calculator

The toenomics 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 February 14, 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.

Blur distribution

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 has 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, OKExand Coinbasepromised support for the coin before its launch.

Blur (BLUR) price move

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.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending