Summary
Blur token (BLUR) has experienced a significant price increase of 27.30% in the last 24 hours after its recent airdrop and listing on Binance’s convert feature. The token’s price has doubled since its listing, reaching $0.64. Additionally, the trading volume has also seen a 21.30% increase.
Introduction
The native token of the NFT platform Blur, BLUR, has witnessed a surge in price following an airdrop and listing on Binance’s convert feature. The convert feature primarily targets Binance’s retail users, allowing them to transact in asset purchases and sales without relying on an order book. The price of BLUR has doubled in just over a week since being listed.
Main Points
- Blur token (BLUR) is currently trading at $0.6373, reflecting a 27.30% increase in the last 24 hours, as reported by CoinMarketCap.
- The second season of Blur’s incentives program, which aimed to promote regular platform usage, recently concluded. The program rewarded users who utilized the Blur marketplace between May and November with tokens based on their trade volume and token holding time. Users have 45 days to redeem their tokens.
- Blur’s strategy includes regular airdrops, such as the end-of-season airdrop, to encourage traders to use its platform. Users who traded NFTs on the platform during a season will be reimbursed.
- The introduction of Blast, a layer 2 network developed by the same team behind Blur, has significantly boosted the platform’s performance. Blast has already received over $400,000,000 in deposits since its recent launch and plans to distribute the funds via an airdrop in May. The trading volume of all BLUR trading pairs in the last 24 hours is nearly $1 billion.
Conclusion
The recent airdrop and listing on Binance’s convert feature have contributed to a 27.30% increase in BLUR token’s price. Blur’s strategic approach of incentivizing traders through regular airdrops and its affiliation with Blast, a layer 2 network, has attracted significant attention and investment. With its growing trading volume and the upcoming Blast airdrop, Blur continues to gain momentum in the NFT market.