February 27, 2023
By Sharan Kaur Phillora
Blur has announced plans to airdrop an additional $300 million in tokens to its most active and loyal NFT traders. The airdrop rewards traders who have helped build and support the platform’s ecosystem.
Here’s what we know:
“Season 1” ended last week with the release of its native token, BLUR. They gave BLUR ” care packages ” to traders who switched to the platform from a competing NFT marketplace, listed NFTs right after its October launch, or used Blur to bid on NFTs.
According to the company, the season 2 airdrop will be distributed over two years, gradually releasing tokens. The first distribution of 100 million tokens will occur in March 2023, with subsequent distributions of 100 million tokens occurring every six months.
Blur’s native token, BLUR, is used for transactions on its NFT marketplace and can be staked for rewards. The company hopes the airdrop will incentivize more traders to become active on its platform and contribute to its growth.
Additionally, this airdrop aims to promote loyalty on the Blur platform. We are already witnessing Blur’s might in overtaking the industry giant, Opensea. Referring to their Twitter thread, users with 100% loyalty have the highest chances of getting Mythical Care Packages. These packages are worth 100x Uncommon Care Packages.
And if you want to increase your Blur loyalty score, the company says listing on Blur is very important. If you do not have a listing anywhere else, your loyalty score will remain 100%. You may delete your third-party listings with their new maximum loyalty option. This will allow you to reach 100% in a single transaction.
The listing benefits will be equal to the bidding rewards. Listings x loyalty = maximum listing points. The more listings you have, the more money you will make. Blur emphasizes that it is not wise to manipulate the system. Relisting NFTs at exorbitant rates, sybiling, or listing deceased collections will not help. It is also preferable to list and bid using the same wallet.
Listing NFTs that Blur does not currently support on other markets will not impact your loyalty.
About the author
Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.