Tag: $BLUR

Blur ($BLUR) refers to itself as the “Fastest NFT Marketplace”. Recently they completed the first season of 3 airdrops- known as “Care Packages”. Meanwhile, Blur has announced they will distribute over 300 million $BLUR in Season 2, and all listing and loyalty points will be doubled until 1 May 2023. Blur’s Season 2 airdrop has already closed with over 300 million BLUR being distributed. Blur however, have confirmed they will be doing a Season 3 airdrop in May 2024. So in this article, we give strategic ways to increase listing points with the lowest investment possible.

Learn more about this revolutionary NFT marketplace: What is Blur NFT Marketplace?

Blur Airdrop Step-by-step Guide

Blur has announced its season 3 airdrop. This time, Blur Season 3 airdrop will be powered by Blast, a new layer 2 with native yield. The airdrop will end in May 2024 with 50% being distributed to the community based on their Blur Points and 50% based on their Holder Points Here’s how to maximize your Blur season 3 airdrop:

1. Keep bids listed for a longer duration to get more Bidding Points.
2. Listing blue chip and active collections for more Listing Points.
3. Make Loan Offers with higher Max Borrow and Lower APY for maximum Lending Points.
4. Bid, list and lend more to get onto the 24 hour leaderboard.
5. Maximise your Blur Loyalty Points by actively listing blue chips and active collections exclusively on Blur.
6. Deposit $BLUR and keep maintain the deposit for Holder Points.

See below for more details

What is Blur?

Blur ($BLUR) is a decentralized NFT marketplace. They adopt an original strategy where users who support creator royalties will be rewarded with more tokens. The Blur team is anonymous, although they claim to have experience from Square, MIT, Brex, Five Rings, and Y Combinator. Blur aims to stand out as an NFT Marketplace with these unique features:

• Sweep across multiple marketplaces;
• fast access to NFT reveals. Blur lets users snipe NFTs before it even hits the major NFT market analytics sites and aggregators, and
• improved user experience (UX) and interface.

So far, Blur has raised over 11 million in its Seed Round led by Paradigm.

$BLUR Tokenomics

$BLUR’s max supply is capped at 3 billion tokens (Source: TokenUnlocks). 51% of it goes to the community treasury, 29% to core contributors, 19% to investors, and 1% to advisors. Currently, only 360 million $BLUR are unlocked and in circulation, meaning 88% of tokens are locked.

There will be a linear unlock of 1.2 million $BLUR per day distributed to the community treasury. And the next cliff unlocks will be on 15th June 2023, unlocking 196 million $BLUR to all holders.

Does Blur have an airdrop?

There will be a Blur airdrop Season 2. Season 1 had 3 rounds of airdrops. Blur’s Airdrop 3, the largest and final airdrop of Season 1 distributed 1-2x more $BLUR to participants compared to Airdrop 2 and ended on 14th February 2023. Blur has confirmed that over 300m tokens will be distributed in Season 2.

How to claim Blur Season 1 airdrop?

Here’s how to claim your Blur season 1 airdrop:

• Go to their website and connect your wallet.
• Click on the “Airdrop” tab to see how many Care Packages you have earned.
• Claim your Care Package by clicking “Reveal Care Packages”.
• Then, to claim your $BLUR, click “Continue to BLUR”, “Open care packages for $BLUR”, “Next” and then “Open for $BLUR”.
• You will then be asked to Tweet to claim $BLUR, do this and then click “Verify Tweet”.
• Connect your wallet (e.g. MetaMask) to claim $BLUR and certify that you are not a US person. You may be required to manually add the $BLUR token contract to your MetaMask in order to see your $BLUR holdings.
• Confirm the transaction on your wallet.

Blur Season 3 airdrop strategy guide

Blur has confirmed that Season 3 will be powered by Blast, their new layer 2 with native yield backed by investors such as Paradigm, Standard Crypto, and eGirl Capital. Season 3 will last for 6 months and will end in May 2024. In this airdrop, 50% of the airdrop will be distributed to the Blur community based on their Blur Points. Meanwhile the remaining 50% of the airdrop tokens will be distributed based on their Holder Points.

How to get Blur Points?

In Season 3, Bidding and Listing Points will be available on all collections at the same rate. So, there will no longer be any NFT collections that offer 2x boosts on points. You can earn Blur points by bidding, listing and lending on the Blur.io platform. Lending however, is only available on certain supported collections. In addition, Lending Points are also only emitted at half the rate of Bidding and Listing Points.

Blur however have kept their rolling 24 leaderboard. Those who get onto the leaderboard and further rewarded with different boosts of up to 2.5x for the top 100 point earners in a 24 hour time period.

How to maximize your Blur Bid Points

• Bid Points are given to bids on collections based on its 24 hour volume.
• Within a collection, the highest “risk” bids will earn the majority of points. For example, if the floor price of an NFT is 1.01, and there are 100 bids at 1 whilst your bid is at 0.99, you would not earn as many points. This is because there are 100 bids in front of you at a higher price. Whereas if you bid at 1.01, you are bidding more than others and taking the most “risk”. This in turn means you can earn more points to potentially get more $BLUR;
• The longer your bid is active, the more points you will receive. You stop earning points when your bid is accepted. Meanwhile bids can be cancelled for free;
• Users can reuse the ETH in their Bid Pool across different NFT collections. So, the strategy to get maximum points is to bid closest to the floor price across multiple active collections; and
• The top 100 bidders within a 24-hour time period on Blur’s 24-hour leaderboard can receive up to 2.5x boosts.

Maximize your Blur Listing Points

Listing Points are awarded for listing NFTs on the platform. However, to prevent people gaming the system, Blur does not show how many Listing Points are award. Nevertheless, Blur have given some tips on how to maximize your Blur Listing Points:

• List all your NFTs. This is because the more you list, the more you earn.
• Listing blue chip and active collections are likely to help you earn more points.
• If you don’t plan to sell your NFTs list them for a short time slightly above the floor price but at a price that is unlikely to sell. Delist them, then list again at a new floor price.
• Use all of Blur’s listing tools e.g. listing by floor price, trait floor price, and ladder list.
• Avoid “gaming” the system, e.g. by relisting NFTs at unrealistic prices, listing dead collections, and sybil attacking. The Blur team will do most of their on-chain analysis at the end of Season 3. Anyone who has been gaming the system will be retroactively filtered out and will not receive an airdrop.

Maximise your Blur Lending Points on Blend

Blend (short for Blur Lending) is a peer-to-peer perpetual lending protocol for NFTs. It allows NFT holders to borrow ETH against their NFTs without needing to sell them. Meanwhile, if you want to buy an NFT, you can buy now pay later. For example, you can buy a Punk with 8 ETH (instead of 50 ETH), and borrow the remaining 42 ETH. After making your purchase, you can take full ownership of your NFT anytime by repaying your borrowed amount. Or, you can list your NFT at any time and keep any profit when you sell.

You earn Lending Points by making Loan Offers using ETH in your Blur Pool. This means you can earn both Bidding and Lending points at the same time!

Here’s how you can maximise your Blur Lending Points:

1. 2 factors determine how many points your Loan Offers receive: Max Borrow and APY. Max Borrow refers to the maximum amount of ETH someone can borrow using a single NFT. A higher Max Borrow gives you more points. APY represents the interest earned on a Loan Offer once it’s accepted. A lower APY is better. So, make Loan Offers with higher Max Borrow and Lower APY.
2. Make multiple Loan Offers on the same NFT collection with different Max Borrows and APYs. You can earn points for all of these Loan Offers.
3. You can reuse the ETH in your Blur Pool across collections, so go ahead and make multiple Loan Offers.
4. Loan Offers must be kept open for at least 24 hours. If you close your offer before then, you will lose 250 points as a penalty.

Maximise your Blur Loyalty Points

Blur has said that Loyalty is the secret weapon for getting the most rewards for Blur Points in Season 3. At the end of Season 3, these points will be converted into Care Packages with different rarities. Those with 100% loyalty will have the highest chances of getting the higher-reward Mythical Care Packages 100x Uncommon Care Packages.

Blur has suggested 3 ways to maximise your Loyalty Points:

• List your NFTs only through Blur to maintain 100% loyalty.
• Actively list blue chips and active collections while maintaining 100% loyalty.
• Maintain 100% loyalty throughout Season 3 as Blur looks at average loyalty when determining your chances of getting Mythical Care Packages.
• Gaming loyalty will result in a penalty e.g. transferring to and listing from other addresses or providing liquidity in AMMs for NFTs.

How to maximise Holder Points

Holder Points counts for 50% of the Season 3 airdrop rewards. You can earn Holder Points every hour by depositing $BLUR. Your Holder Points multiplier starts at 1x and increases by 0.5x every month after your first deposit. Whilst Season 2 airdrop recipients start at a 2x multiplier. You can withdraw your deposit at any time, but your multiplier will decrease in proportion to the amount withdrawn until you are back at 1x multiplier.

Blur Season 2 airdrop strategy guide

Blur completed its Season 2 airdrop with over 300 million BLUR being distributed. In Season 2, Blur confirmed that the secret to maximising rewards in Season 2 was Loyalty.

Blur has 3 types of points that count towards how many airdropped Care Packages you will receive and their rarity. These are Bid Points, Listing Points and Loyalty. Meanwhile, there are 3 rarities of Care Packages: Uncommon, Rare, Legendary, and Mythical. The rarer the Care Package, the more $BLUR tokens they contain. For example, Mythical Care Packages are worth 100x Uncommon Care Packages.

Bid on NFT collections that offer 2x Points

In Season 2, only certain NFT collections had double bidding and listing/lending points: Wrapped Cryptopunks, Azuki, Milady, DeGods, Beanz, BoredApeKennelClub, BoredApeYachtClub, CloneX, Doodles, Meebits, Moonbirds, MutantApeYachtClub, Otherdeed, PudgyPenguins. Meanwhile, Doodles, Meebits and Moonbirds offer 2x bidding and listing points. This list may change from time to time, so click on the “Points” tab here to see the latest list.

Blur Airdrop strategy: How to turn 1-2 ETH into $85,000?

Luke Cannon on Twitter shared how he turned 1-2 ETH into $85,000 by simply participating in Blur’s airdrops. Here are some of his tips:

• $0 airdrop anchoring;
• high volume/ low competition;
• liquidity recycling patience; and
• loyalty

$0 airdrop anchoring. This is where you focus only on bidding on NFTs that you could profitably flip. For example, bidding on new mints or older projects that still maintain support.

High volume/low competition. Find the relatively high volume, low competition, and long-term collections to bid on. Also, you can use the same ETH to bid on as many collections as possible.

Liquidity recycling patience. Have conviction in the NFT collection that you own and do not sell your NFTs at a loss. And again, do not make bids unless they are profitable.

Having 24/7 perfect loyalty will ensure maximum $BLUR airdrops.

More Blur Airdrop Strategies: Trade like an NFT market maker?

Many people use the strategy of placing as many bids on Blur as possible without having them accepted. However, Sugar Shane has another strategy, which according to him, is a more conservative strategy that could get you more points in the long term whilst minimizing losses. His strategy to maximising your Blur airdrop is to think of yourself as an NFT market maker.

According to him, the goal of bidding on Blur should not be to avoid getting a bid or bidding and removing them quickly. This is because NFT markets move faster than you can remove a bid. Instead, the strategy when bidding on Blur is to get a good price on an NFT. Because in fact, you do want to have some successful bids. This is because there are some desperate sellers selling their valuable NFTs at low prices for liquidity. And if your bid is successful, holders should consider not rushing to sell their NFT. The reason for this is that if you allow time for the market to fill up, you may be able to sell that NFT for a profit.

He reminds Blur bidders that market makers do not always aim for the top bid. Instead, they try to fill the order book at every level, and on both sides of the order book.

Blur Airdrop Review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: Blur’s Season 3 airdrop is now LIVE.

Airdropped Token Allocation: Blur’s Airdrop 2 gave a total of 10x more tokens than Airdrop 1. Airdrop 3 will be distributing 1-2x more tokens compared to Airdrop 2.

Airdrop Difficulty: Blur’s airdrop is not difficult in terms of participation. Users simply connect their wallet to Blur and begin bidding on NFT collections. The point system rewards bids on NFT collections based on their 24-hour volume and gives airdrops accordingly. There are additional rewards for Loyalty to the Blur platform and depositing $BLUR.

Token Utility: BLUR token is used for governance.

Token Lockup: Season 3 airdrop will be distributed in May 2024.

Frequently Asked Questions (FAQs)