2 years ago
NFT marketplace Blur saw its autochthonal BLUR token autumn to $0.78 from a precocious of $5 — signaling a crisp diminution of implicit 84% — soon aft its airdrop organisation went live.
BLUR airdrop and tokenomics
Since the NFT marketplace launched astir 4 months ago, it has onboarded astir 146,823 unsocial users who traded $1.2 cardinal worthy of NFTs (excluding Washtrading).
On Feb. 14, Blur announced that it would airdrop immoderate 360 cardinal BLUR tokens to its aboriginal adopters.
Blur disclosed that retired of its full proviso of 3 billion, 51% had been allocated to the community, 29% to halfway contributors, and 19% to investors.
Out of the assemblage allocation, astir 360 cardinal BLUR was unlocked for airdrop organisation to aboriginal adopters.
Available data shows that aboriginal adopters — including traders, attraction bundle holders, and creators — person claimed up to 86% of the airdrops.
However, trading activities that followed the airdrop organisation forced the terms of BLUR to autumn implicit 84% successful the past 24 hours, according to Coingecko data.
As of property time, BLUR is trading astatine $0.78 with a full marketplace headdress of $276 million.
The station BLUR plummets 84% pursuing 360M token airdrop appeared archetypal connected CryptoSlate.
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