While Blur Airdrop Price Explodes, These Lesser-Known Altcoins Might 10x This Year

cryptonews.com:

Markets have ignited with the rockstar release of the highly anticipated $BLUR airdrop. The Blur NFT marketplace officially opened redemptions yesterday.

After a slow initial launch, which saw the Blur project roadmap delayed - the Blur NFT marketplace has been on the up and up.

Currently situated in the top 10 NFT exchanges (by volume) - Blur exchange has seen $430m in monthly trading volume.

And the hype doesn't stop there, with crypto Twitter set on fire by Coinbase teasing the future listing of $BLUR tokens.

The brainchild of Web3 developer Pacman, Blur exchange launched in October 2022 with the aim of creating a low-fee, royalty-optional NFT marketplace.

The unique approach of Blur sees the exchange targeting 'pro traders'. This means users with high trading volume and high trading frequency. Helping to explain how despite a smaller pool of users, Blur's transactional volume regularly exceeds OpenSea.

The airdrop itself is an ERC-20 token with a max supply of 3,000,000,000. Governance is the holding incentive and use case.

With the stated goal of rewarding liquidity provision, rather than attempting to incentivize it, Blur users have been able to earn the airdrop for a few months – awarding those who stuck around in the bear market, those that mint NFTs on the marketplace, and those who transact large volumes across it.

In total, 12% of $BLUR will be airdropped to users, with 9% allocated to a team-owned multi-signature wallet. The remaining supply has been delegated to two long-term lockup contracts.

While prices initially launched at $5, so far, price action in the first 24 hours for $BLUR has been very rocky, characterized by continued extreme volatility that has seen price bouncing between $0.48 - $5.20.

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