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Blur
$0.02
Project Name: Blur Token (BLUR)
Website: Official
BLUR Whitepaper: Official Documents
Maximum Supply: 3,000,000,000 BLUR
Founding Year: 2022
Market Cap: $16,179,885,120
Supported Blockchain Networks: BLUR is a token built on Ethereum’s blockchain structure since it does not have its own blockchain.
Exchanges Where It Can Be Purchased: Blur Token (BLUR) is traded on numerous cryptocurrency exchanges worldwide. Some prominent exchanges include: Binance, MEXC, KuCoin, HTX, Gate.io and many other cryptocurrency exchanges.
In recent times, Non-Fungible Tokens (NFTs) have gained significant attention as unique digital assets supported by blockchain technology. NFTs represent ownership of digital assets such as artworks, music, sports cards, among others, leading to the emergence of many new markets. A platform aiming to stand out among these markets seeks to facilitate fast and easy trading of NFTs for users. Additionally, it aims to enable users to compare NFTs across different markets, serving as an NFT marketplace.
What is Blur Token (BLUR)?
Blur (BLUR) is a crypto platform that encompasses an immutable token (NFT) marketplace and collector platform. This platform offers advanced features such as real-time price feeds, portfolio management, and comparisons across multiple NFT markets. BLUR serves as the native governance token of the platform, promising faster NFT scanning and a more intuitive interface compared to similar platforms.
Professional NFT traders prefer to use BLUR for trading activities on the platform. Being Ethereum-based, the platform has raised over $14 million and has garnered support from premier investors and traders.
NOTE:
BLUR token is the native governance token for the BLUR NFT Marketplace with a maximum supply of three billion tokens. This token, compliant with the ERC-20 standard, serves as a governance token on the marketplace. 12% of the total supply has been allocated to airdrop recipients, and the first BLUR airdrop called “Care Packages” was announced on October 19, 2022, targeting all users trading NFTs on Ethereum in the six months leading up to the October launch.
Who are the Founders?
The project is founded by Pacman, whose real name is Tieshun Roquerre. Tieshun Roquerre is known as a young developer at 24 years old. Roquerre, who did not complete high school education, has previous experience working as a software engineer at the e-commerce site Teespring. The development team of the Blur (BLUR) project is recognized by their aliases.
BLUR Token Analysis
BLUR Token stands out with its notable features:
- NFT Focus: Tailored for professional traders with advanced tools like real-time feeds and portfolio analytics.
- Governance Utility: Holders vote on platform decisions, influencing future developments.
- Airdrop Incentives: Early adopters received “Care Packages,” boosting community engagement.
- High Market Cap: At $16B, it reflects strong adoption in the NFT space.
- Volatility: As an NFT-related token, it experiences swings tied to market trends.
BLUR Token | Purpose – Advantages
The purpose of Blur is to provide a superior NFT trading experience with speed and tools for pros. Here are its advantages:
- Creator Support: Additional BLUR tokens with royalties create fair incentives for artists.
- Optimized Trading: Features like bulk minting and delisting minimize gas fees and speed up operations.
- Fast Scanning: Quicker NFT discovery and culling for efficient trading.
- Real-Time Insights: Live price feeds and rankings help make informed decisions.
- Integrations: Connects with OpenSea, LooksRare, and others for broader access.
Basic Use Cases
BLUR token offers versatile functions within the platform:
- Governance: Vote on proposals to shape the marketplace’s direction.
- NFT Trading: Use for fees, listings, and enhanced trading features.
- Airdrops and Rewards: Earn through participation in events and care packages.
- Portfolio Management: Access advanced analytics for tracking collections.
- Trading: Buy/sell BLUR on exchanges like Binance or Uniswap.
BLUR Token Investment Evaluation
Blur Token excels in the NFT niche with its pro-focused tools and Ethereum backing. Its $16B market cap signals maturity, but NFT market volatility poses risks. Suitable for those bullish on digital collectibles, with long-term potential in Web3 growth.
Future of BLUR Token
Blur’s future hinges on NFT adoption and platform expansions. With integrations and creator incentives, it could capture more market share. 2025 predictions lean positive if Ethereum scales, but broader crypto trends will influence outcomes.
NOTE:
This article is for informational purposes only and does not constitute financial advice. Conduct your own research and consult a financial advisor before making investment decisions.
Frequently Asked Questions
What is Blur Token?
Blur token is the native ERC-20 governance token for the Blur NFT Marketplace.
How Many Blur Tokens Are Issued?
The maximum supply of Blur token is three billion.
On Which Blockchain Does Blur Token Operate?
Blur token operates on the Ethereum blockchain.
What is Blur Token and What is It Used For?
Blur token is used as a governance token on the Blur NFT Marketplace.
What Can We Do with Blur Token?
Blur token can be used for NFT trading and participation in platform governance.
How is Blur Token Mining Done?
Blur token is not a mineable cryptocurrency; it is minted as a token on Ethereum.
