BLUR Token Surges Amid Binance Listing
The altcoin market has been buzzing with excitement as the BLUR token records an impressive 100% gain over the past week, following its listing on Binance. However, amidst the meme fest and celebration, there have been rumors circulating about BLUR being a ponzi scheme.
Founder Addresses Misconceptions
To address these misconceptions, BLUR founder Packman took to social media to clarify certain key points. One meme suggests that BLUR operates as a Ponzi scheme due to its attractive yield. Packman explains that the yield is sourced from Ethereum staking yield and MakerDAO’s on-chain T-Bills, which are both sustainable components of the economy.
Packman also dismisses the idea that Paradigm played a role in Blast’s launch, emphasizing that they had no involvement in their go-to-market strategy. However, he acknowledges Paradigm’s expertise and appreciates their post-launch suggestions.
Clarifying Blast’s Invite Rewards
In response to concerns about Blast’s invite rewards, Packman clarifies that this mechanism is not new but a well-established concept. He highlights the importance of community contribution in Blast’s success and explains that inviting others to join helps foster a thriving Layer 2 ecosystem.
Packman compares the community’s role to people in a city, stating that users who bring in friends provide genuine value and deserve to be rewarded.
Hot Take: BLUR Continues to Soar
Currently trading at $0.63 with a market cap of $691 million, BLUR shows potential for further growth. Whales have been accumulating BLUR recently, which could drive the price up to $1. With its strong performance and efforts to address misconceptions, BLUR is positioning itself as an exciting altcoin to watch.
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