Blur ($BLUR) Explained: What is Blur and how to buy BLUR coin (2023/2024 Edition)
BitKan explores a new coin that has a 100x potential: Introducing Blur ($BLUR)! Is Blur (BLUR) a good investment and what is BLUR price?
You may have heard of ImmutableX, Chiliz…and all other coins that have a 100x potential, but what about Blur Token ($BLUR)? In the crypto subspace of NFT coins, Blur sits at a lovely spot. NOTE that BLUR is the governance token for Blur.io, under blurdao.eth.
Ever pulled up “Blur coinmarketcap” or “Blur coingecko”? In this series of BitKan Explore, we will explore Blur ($BLUR) and whether or not this can potentially fit into your cryptocurrency investment.
What Does Blur ($BLUR) do and offer?
BLUR is a governance token for the NFT platform called Blur. If you have traded NFTs before, you may be aware of the more popular NFT platforms such as OpenSea, LooksRare and Magic Eden.
Blur is an NFT platform that is catered to the pro traders — it has since gained traction among seasoned JPEG slingers for its zero trading fees, marketplace “floor sweeping,” reveal sniping and advanced analytics. Moreover, this NFT market aggregator platform has real-time price feeds, a sorting function based on price, a more intuitive interface and connects to X2Y2, OpenSea and LooksRare.
Blur.io: Why Blur NFT Platform
The Blur marketplace is marketed towards pro-NFT traders, and its features will present a great use case for Blur over other NFT platforms.
Why Blur: Sweep across multiple marketplaces
Firstly, Blur allows you to sweep across multiple marketplaces with just one click. This is especially useful because different people may list their NFTs at different NFT platforms (NFT platforms do not just exist in OpenSea!) This means you can get the lowest prices as Blur aggregates the NFT listings for you.
Why Blur: They are faster than the rest
Secondly, Blur is just faster, as it claims the following:
- Its snipe reveals faster than anywhere else. NFT “sniping” refers to purchasing rare NFTs that are underpriced on secondary markets, usually because the seller is unaware of the NFTs’ rarity. With faster snipe reveals, it means that you are able to capitalise on the transaction much more quickly and input a higher gas fee to potentially get the underpriced NFT you want.
- You can sweep 10x faster with up to 17% less gas. Blur’s website claims that it can detect pendings within 0.4 seconds and listings within 4 seconds.
Why Blur: Manage your portfolio with advanced analytics
Lastly, Blur allows you to manage your NFT portfolio in a dark, sleek and futuristic look, which makes it more enjoyable to look at your NFT portfolio at a glance.
BLUR token details: Why a token and what is BLUR token used for?
The BLUR governance tokens were airdropped in care packages to early traders in October 2022. At the time, Blur.io said it would unlock the tokens in Jan. 2023 but later postponed the rollout to Feb. 14, 2023, amid technical challenges.
However, you may ask: why would you need a token when Blur can offer the same features without the need for a token?
Blur as an NFT platform needs a native token called BLUR to offer governance functionality. As CoinTelegraph puts it, governance tokens are a type of cryptocurrency that allow token holders to vote on the direction of a blockchain project. The primary purpose of governance tokens is to decentralize decision-making and to give holders a say in how the project is run. Basically, more tokens = more power to you, so this attracts people to put in money into the token.
Hence, incentivising holders to run the direction of the project allows the Blur token to blossom. At the same time, it supports paying royalties to creatives. This is accomplished by incentivizing those who pay royalties with additional BLUR tokens.
It is also claimed that the BLUR token is expected to have more utility than just being a governance token, however there are still no concrete roadmaps as of February 2023.
Blur Coin ($BLUR) Tokenomics and $BLUR Burn Mechanism Explained
As of February 2023, the tokenomics and burn mechanism of BLUR remain to be seen.
Is Blur Token ($BLUR) safe? Who created Blur Token ($BLUR)?
According to Crunchbase, BLUR has raised $11 million from investors such as Andy Chorlian and Zeneca. Blur’s website also shows that it is trusted and backed by backers such as Paradigm, which is a pretty significant investment firm focused on supporting the crypto/Web3 companies and protocols of tomorrow.
Blur was founded by a pseudonymous team. Actual team member names and profiles cannot be found, and no contact details are made available. Unknown teams like Blur are not uncommon in cryptocurrency; some of the industry’s brightest and most trusted developers have also decided to stay anonymous.
Blur Token ($BLUR) Price?
At the time of writing on 13 Feb 2023, the coin has not been released. Watch this article again once it is released for retail trading.
Remember that this is during a bear market: prices will change differently, especially when the market turns bull.
It is not unforeseeable that Blur Token ($BLUR coin), with a current market cap of $22 million even when all the Blur tokens are out (assuming all burnt Blur coins are burnt forever), could eventually catch SHIB ($5 billion) and DOGE ($7.5 billion), given how quickly things can catch on in crypto.
Suppose you are planning on investing in Blur Token ($BLUR). In that case, you will be betting that community sentiment would drive up high enough to ensure that an economy of Blur enthusiasts can escalate the token into new highs.
Fortunately, overall NFT trading activity has been steadily increasing despite the downturn in the crypto market. This activity is expected to continue gaining steam, so there is a strong possibility that Blur will continue gaining momentum. However, a portion of the initial popularity of this NFT marketplace may be associated with its three airdrops.
It is not yet clear if the platform will retain its popularity going forward with new upcoming NFT platform projects, but Blur Token and its platform have been increasing momentum and brand recognition in the space, which often counts for a lot. However, once that momentum is lost, it is difficult to regain.
How to buy Blur Token ($BLUR)?
Blur ($BLUR) token exists on BitKan! It will be open for trading on 15 Feb 2023.
You may also buy Blur tokens directly on BitKan as well. Sign up for an account via BitKan: https://bitkan.com/account/signup and put in some USDT or fiat money to get started!
You can find our guide on how to charge some money into your wallet over here, using BTC as an example of a coin you can buy from us: https://medium.com/bitkan-blog/completing-kyc-and-buying-bitcoin-guide-by-bitkan-crypto-exchange-3a532cbe5420.
Want to explore a new coin?
Click the link below to find out more about your favourite coins at the moment!
References
Blur Website:
Want to get Blur Token ($BLUR)? Trade at BitKan with some crypto gifts for you!
1. Win Daily Crypto Rewards
2. Get a $100 BitKan Sign-Up Gift
3. Earn $100 For Every Friend You Refer
Benefits of BitKan Cryptocurrency Exchange
- Trade 1200+ coins across 8 exchanges with 1 BitKan account
- 8 Partner Exchanges Include Binance, OKX, Bitfinex, Gate.io, Huobi, MEXC, Poloniex, and Bit.com
- Use custom price alert and portfolio tracker at your fingertips
- Start a Spot, Futures, Automated Bot Trade, BitKan Earn & more
- Served 10+ million users in 170 countries with 9 years of experience
- Discover the latest events and new coin updates & enjoy the best prices on the Web & App
- Receive the most recent daily news within the community
- Based in Singapore and Japan, BitKan holds the Digital Asset Exchange License from the Financial Services Agency of Japan
Follow Us:
