What is Blur? All you need to know about BLUR token

Blur has created a craze in the NFT community with its huge trading volume and unique features. As an emerging NFT marketplace, this project quickly caught the attention of investors and NFT enthusiasts.

So what is Blur and what makes it so special? Let’s learn more about it with AZCoin in this article.

What is Blur?

Blur is an NFT trading platform focused on efficient trading and profit optimization for its users. Built with the goal of creating a favorable environment for trading NFTs, Blur has quickly attracted the interest of the crypto community thanks to its unique features, as well as its strong growth potential.

Blur project development team and investors

Development Team

The project does not publish full information about the team, but the Twitter account @ PacmanBlur represents the team interacting with the community. According to sources on the Mirror, the people behind Blur are experienced NFT traders and developers from MIT, Citadel, Five Rings Capital, Twitch, Brex, Square and Y Combinator.

Investors

Blur has raised $11 million in seed funding from multiple investors, including Paradigm, eGirl Capital, 0xMaki, LedgerStatus and more than 100 others.

How does Blur work?

To start using the Blur platform, users need to connect their wallet. Currently, Blur supports three types of wallets, such as MetaMask, WalletConnect, and Coinbase Wallet.

After connecting the wallet, users can make transactions to buy / sell NFT collections from other individuals and creators on Blur. While trading, traders only need to pay the creator a copyright fee, also known as a vendor fee.

Blur also offers two user modes, Trader and Collector. Trader mode offers more charts, more detailed data and a condensed interface, while Collector mode offers a more intuitive experience with large images and a user-friendly interface.

Highlights of Blur

Blur is not only a regular NFT trading platform, but also offers many highlights that few platforms can compare, namely:

• Low fees: While many other NFT platforms such as Opensea or X2Y2 require commissions or transaction fees, Blur does not charge transaction fees.
• Rich interface and tools: Blur.io provides aggregated information about trades, NFT holders and other important data from a variety of exchanges, with constant updates.
• Portfolio management tools: The platform provides links to other NFT Marketplaces, with a dedicated interface for traders and collectors, along with tables that support trading. Blur also applies to a fixed gas fee.
• The system works quickly: Blur works 10 times faster than other NFT aggregators, including system launch, NFT listing and pending transaction processing.

Basic information about BLUR token

BLUR token key metric

• Token Name: Blur Token
• Ticker: BLUR
• Blockchain: Ethereum
• Token Standard: ERC-20
• Token Contract: 0x5283d291dbcf85356a21ba090e6db59121208b44
• Token Type: Governance
• Total Supply: 3,000,000,000 BLUR
• Circulating Supply: 461,845,970 BLUR

BLUR token allocation

• Community: 51%
• Contributors: 29%
• Investors: 18.8%
• Advisors: 1.2%

BLUR token use cases

The LUR Token will serve as the governance token for the Blur DAO, with some key functions including:

• There are fees that apply to trade, with a maximum of up to 2.5%.
• Deciding on spending from treasury funds for bonus purposes.
• Set out the minimum deposit required for each governance proposal.

Where to buy and sell BLUR Token?

BLUR Tokens can be bought and sold on many the best cryptocurrency exchanges such as Binance, Coinbase, Kraken and several others that support trading of this token.

Where to store BLUR Token?

Just like Sui coin and Injective coin , BLUR tokens can be stored securely in ERC-20-enabled wallets, such as MetaMask, Trust Wallet and Ledger Nano S or X. These wallets offer high security and easy management of tokens on the Ethereum platform.

Should you invest in the BLUR project?

Investing in Blur is an important decision that requires thorough research. Blur is a promising NFT project with an excellent team and a strong ecosystem, supported by reputable investors and a large community.

However, the crypto and NFT markets are highly volatile and the BLUR token may vary in value according to the market. The Blur project also faces competition from other NFT exchanges.

If investing in BLUR, develop a clear strategy, implement evaluation process project evaluation process, and monitor the market for effective risk management.

Conclusion

AZcoin hopes this article has provided you with useful information about Blur. If you want to learn more about other NFT projects or the latest trends in the NFT field, stay tuned for our next articles!