When NFT marketplace Blur released an airdrop for its token BLUR, it also revealed the tokenomics. The tokenomics show that there are a total of 3 billion BLUR, with 51% going to the community, 29% going to key contributors, and 19% going to investors. 360,000,000 (12% of 51%) have been distributed in the airdrop.
The community treasury will have 39% of BLUR supply available to donate to the community through contributor grants, community projects, and incentive programs, with the remaining 12% accessible to be claimed by current and prospective members of the community.
Ten percent of the 39% has been set aside for incentives in preparation for future incentive releases. Once the incentive budget is depleted, further funds might be granted by a board vote.
The BLUR token allotment for core contributors and launch partners will both have tokens vested on the same timeline, with the addition of a cliff for transfers of four months’ duration. The cliff period for advisors’ BLUR allocations is between four and sixteen months, while the vesting period is between forty-eight and sixty months, the tokenomics show.
Blur’s airdrop might further increase NFT marketplace tokens’ popularity in the market. BLUR tokens were distributed to Blur marketplace users, with the quantity distributed determined on the overall activity, network volume, and transactions performed by each user on the site.
The price of one Blur token peaked at $8.36 on OKEx shortly after it was launched, but it is presently trading for less than one dollar and has a market worth of over $2 billion. 76% of the 360m BLUR that were distributed as airdrops have been obtained, with 45.7% of the airdrops ranging from 1,000 to 10,000 BLUR, 34.5% ranging from 100 to 1,000 BLUR, and the greatest airdrop amount being 3.2m BLUR.
