Cryptocurrency enthusiasts are buzzing with excitement as Binance recently listed the BLUR token, causing a surge of 50% in just a few hours. Here’s a breakdown of the key details and the story behind Blur’s success.
What is BLUR?
Blur stands out as a decentralized NFT marketplace tailored for professional traders. Boasting a user-friendly interface, low fees, and increased liquidity, it has become a go-to platform for NFT enthusiasts. The Blur team rewards traders with Blur rewards distributed through airdrops, contributing to its popularity.
The platform has achieved a significant milestone with a traded volume of $1.4 billion, solidifying its position in the competitive NFT trading space.
Binance Welcomes BLUR Token
Binance, a major cryptocurrency exchange, announced the listing of the BLUR token, opening up trading for BLUR/BTC, BLUR/USDT, and BLUR/TRY pairs. Deposits for BLUR are now accepted, with trading beginning on November 24 at 09:00 UTC. Interestingly, the listing fee for BLUR is zero BNB, making it an attractive addition to Binance.
Withdrawals for BLUR are set to start on November 25 at 06:00 UTC. Additionally, within 48 hours of trading initiation, BLUR will be available for margin trading as BLUR/USD. A Seed Tag is applied to BLUR, signaling potential higher volatility and risk compared to other assets.
Price Analysis
As of now, the Blur token has experienced a remarkable 25.12% surge in the last 24 hours, reaching $0.6244. Over the past seven days, it has seen an impressive 81.20% increase, and the monthly surge is a whopping 187.55%
This surge aligns with Binance’s recent listing and a partnership with Blast, a layer2 solution, potentially fueling speculation in the crypto market.
BLUR IS ALSO BEHIND BLAST
Did you know that Blur is a driving force behind Project Blast?
Blast Layer2: Native Yield on Ethereum L2
While the baseline interest rate on existing L2 solutions is 0%, leading to asset depreciation over time, Blast pioneers the concept of native yield on L2. This means your ETH and stablecoin balances don’t just sit idle; they grow.
With Blast, if you hold 1 ETH, it could grow to 1.04, 1.08, 1.12 ETH over time, thanks to automatic compounding and additional Blast rewards. This reimagined approach to L2 ensures your assets work for you.
Blur Tokenomics
BLUR serves as the native token for the NFT marketplace, facilitating transactions. Its tokenomics ensure a fair distribution:
- 51% for the community
- 29% for contributors
- 19% for investors
- 1% for advisors
360 million BLUR tokens (12% of the total supply) form the community treasury, benefiting NFT traders, historical Blur users, and creators. Token ownership enables participation in governance and collective ownership success benefits.
39% of the BLUR supply will be distributed by the community treasury for contributor grants and incentive programs, ensuring access over the next 4 to 5 years.
In essence, Blur Token’s surge on Binance is not just a market move; it reflects the success and promising future of Blur Crypto in the NFT space.
BYBIT Referral Program
BYBIT recently gave their Referral Program a fresh upgrade! From now on, you can earn rewards of up to 1,025 USDT and 30% commission for each referral you bring to Bybit. Here’s a quick summary of what awaits:
???? Refer a Friend, Get 25 USDT Bonus Each: Ensure your referee signs up with your referral link/code, deposits $100, and trades at least $500 within the given time limit to receive your bonuses.
???? Get Mystery Boxes Worth Up to 1,000 USDT: Once your referee accumulates a trading volume of at least $10,000 on Spot and/or Derivatives within 30 days of signing up, you’ll each receive a Mystery Box.
???? Earn Up to 30% Commission: The more qualified referees* you have, the more commission you’ll earn.
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