BLUR Token Surges 30% After Season 2 Airdrop and Binance Listing
The BLUR token, associated with the NFT marketplace of the same name, has experienced a 30% increase in value following the Season 2 airdrop and news of its listing on Binance. At present, BLUR is trading at $0.63, representing a nearly 30% rise in daily value and an approximately 82% surge over the week, according to CoinGecko data.
Blur’s end-of-season airdrops are designed to incentivize traders to utilize the NFT marketplace. During Season 2, a total of 300 million BLUR tokens, valued at around $185 million at current rates, were distributed to users. One trader received 22.85 million BLUR tokens worth $7.3 million during the airdrop, which now amounts to approximately $14 million.
In addition, Binance has officially announced its plan to list BLUR on its platform.
What is Blur?
Launched in October 2022, Blur is an NFT marketplace that surpassed OpenSea in terms of NFT trading volume in February. Its success can be attributed to its system of incentives for traders.
Recently, Blur revealed changes to its rewards program for Season 3, which will be powered by the newly launched Ethereum layer-2 network called Blast. At the end of Season 3 in May 2024, Blur’s community will receive an airdrop of “REDACTED,” as stated in their announcement.
Blast, which provides native yield on cryptocurrencies like Ethereum and stablecoins, has raised $20 million from investors such as Paradigm and Standard Crypto.
Under the revamped reward structure, users who deposit BLUR into the platform will receive 50% of the season’s rewards through the airdrop.
Hot Take: BLUR Token Thrives on Airdrop and Binance Listing
The BLUR token has experienced a significant surge in value following the Season 2 airdrop and its listing on Binance. With its unique incentivization system and growing trading volume, Blur’s NFT marketplace has established itself as a strong competitor in the industry. The recent partnership with Blast and the upcoming Season 3 rewards program indicate that Blur is committed to providing value and opportunities for its community. As the token continues to gain momentum, it will be interesting to see how Blur’s innovative approach shapes the future of NFT trading.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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