#NFT #BLUR #Airdrop
The eagerly awaited $BLUR airdrop across the internet came to an end, with 360 million Blur tokens sent to Blur community users. According to the data produced by Dune user pandajackson42, at the time of writing, 63,274 recepi have received 84.35% of the BLUR tokens. Of these, 39.6% of addresses received airdrops between 1,000 and 10,000, and 35.8% received airdrops between 100 and 1,000. 7.8% of addresses received airdrops between 10,000 and 100,000.
According to the community feedback, there are few address which received hundreds of thousands of BLUR token airdrops. Even users who did not use BLUR airdrop for the purpose also received thousands to tens of thousands of dollars, making it another unprecedented airdrop wealth effect after APTOS. The top three wallets in the airdrop claiming ranking currently received 3.2 million BLURs ($2.51 million), 2.97 million BLURs ($2.33 million) and 2.5 million BLURs ($1.96 million) airdrops respectively.
Preparation Before the Airdrop
Long before the airdrop was awarded, several centralized exchanges(CEX) had already made listing and trading announcements, filling the market with anticipation. In fact, the launch of $BLUR was initially planned for January, but was delayed by two weeks for some reason.
The official launch of the airdrop tokens was also postponed to one hour for some reason. Due to the overload of users, the page for receiving airdrop crashed for a while, and users were unable to open the interface for receiving airdrop, and it was available for normal use after more than half an hour from the launch time. At the same time, the ethereum network Gas fee also spiked to around 1000 Gwei. According to the ultrasound website, in the past 24 hours, contracts receiving Blur airdrop burned up to 1041.86 ETH, ranking first on the whole Ethereum network.
$BLUR Tokenomics
The total supply of $BLUR tokens is 3 billion and will be fully released over a 4–5 year period. 51% of these are allocated to Blur community members; 29% are allocated to past and future core contributors with a 4-year release cycle; 19% are allocated to investors with a 4-year release cycle; and 1% are allocated to advisory members with a 4-year release cycle.
12% of BLUR tokens will be distributed to the community in the first round of airdrops, and an additional 39% of BLUR tokens are distributed through contributor grants, community initiatives and incentive programs. Of this 39%, 10% has been allocated to the incentive budget for the next release of incentives. If all incentive budgets are used up, more will be available for distribution through voting.
Governance with $BLUR
According to documents, $BLU gives community control over the DAO, and holders can manage the key parameters of value accumulation and distribution in the Blur protocol by voting themselves or by delegator by delegate their $BLUR to an address.
Community members need to be entrusted with a minimum required number of $BLUR tokens (currently 100,000) to initiate an off-chain proposal, and proposals need at least 30 million $BLUR affirmative votes to enter the on-chain execution vote. A minimum of 120 million BLUR affirmative votes are required to enter the on-chain execution. User governance is proportional to the number of tokens held, which increases the incentive for users to hold $BLUR to a certain extent, but the governance itself is still in a situation that is easily controlled by centralized power. Since most users do not care about governance power and prefer to delegate it to the governance representatives, they may end up with more governance power controlled by a few representatives.
Meanwhile, in order to streamline on-chain governance, Blur DAO will have some of its operations managed by committees. Over time, these committees will work to gradually transfer their functions to management. Specifically, there will be a Safety Committee, a Marketing Committee and an Incentive Committee. The Security Committee ensures that proposals follow prescribed governance procedures and prevents proposals that do not follow proper procedures from passing; the Market Committee facilitates upgrades to the Blur marketplace and aggregator contracts and implements governance decisions around community development, such as royalties. The Incentive Committee is tasked with managing incentives for Blur users. The Incentive Committee can utilize up to 10% of the total supply for the incentive program.
Conclusion
After the official launch, $BLUR tokens were circulated on multiple centralized exchanges, with some spot prices rising to $8 at one point, but quickly falling back to $0.78 for $BLUR tokens at the time of writing.
BLUR airdrop has brought benefits to the crypto community users and attracted more people to start understanding and using the Blur platform. From its token economic model, Blur not only gives benefits to the community from the vesting cycle, but also allocates half of the total super supply tokens to the community from the allocation quantity, and that allocation process is distributed by incentivizing platform users, with the governance right allocation of Blur DAO, which is relatively close to the purpose of leaving it to Blur community governance.
In addition, this airdrop is only the first round of airdrops distributed by Blur to the community, while the second airdrop cycle has now begun. Between now and March 14, users who bid on and shelve NFTs for collections on the Blur platform will receive double points. Therefore, users who missed Blur’s first round of airdrops can now participate in its second round of airdrops.
*Risk Warning
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