BLUR token surges 30% because it lists on Binance and concludes Season 2 airdrop

The NFT platform BLUR has seen a major uptick in its token worth following the conclusion of its Season 2 airdrop and subsequent itemizing on the Binance change. As of in the present day, BLUR’s value stands at $0.63, marking a considerable weekly progress, in response to information from CoinGecko. The platform just lately launched a two-day 30% airdrop occasion and disclosed a seasonal reward pool that features 300 million tokens, at the moment valued at round $185 million.

A notable dealer has staked an quantity equal to $7.3 million, aligning with expectations of considerable returns from the platform’s evolving reward program. BLUR, which was initially launched by OpenSea in October 2022, operates on an incentive-based transaction system and has introduced plans for a revamp throughout three seasons. This consists of integration with new “blast” networks and an unique “Redacted” member airdrop set for late 2024, following Blast’s $20 million funding milestone.

The current surge within the BLUR token’s worth will be partly attributed to {the marketplace}’s revolutionary method to consumer incentives. For instance, throughout Season 2, a JPEG flipper notably benefited from these incentives, as reported by Dune dashboard information. Moreover, the layer-2 community Blast has raised $20 million from traders like Paradigm and Commonplace Crypto. This funding will allow depositors to earn native yields on cryptocurrencies, promising that they’ll obtain half of the forthcoming season’s airdrop rewards by staking BLUR tokens.

{The marketplace}’s success can also be mirrored in its quantity outpacing that of OpenSea since February. As a part of its Season 2 rewards, {the marketplace} distributed 300 million BLUR tokens to customers. Among the many recipients was Hanwe’s hanwe.eth pockets, which acquired one of many largest single claims at 22.85 million tokens—valued at about $14 million post-surge.

BLUR has additionally revised its compensation scheme to require individuals to take half their rewards in BLUR tokens, making certain deeper integration with the platform’s ecosystem and aligning customers’ pursuits with the long-term success of the token.

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