Sam Cooling
The highly anticipated $BLUR token airdrop has opened for redemptions and markets are surging.
While Blur NFT marketplace saw a slow initial launch – with the project roadmap delayed, the $BLUR airdrop has become the biggest trend in crypto this week.
Blur marketplace has grown steadily to rank among the top 10 NFT exchanges by volume. Impressively, Blur exchange has seen a whopping $430m in NFT transaction volume over the past month.
And with Coinbase fanning the flames, announcing on Twitter a planned future listing for the project. $BLUR’s airdrop is set to become one of the most discussed tokens in the NFT space.
Blur was created by Web3 developer Pacman. Who aimed to create a low fee, royalty optional NFT marketplace that could meet the needs of professional traders.
While Opensea is the NFT industry posterchild, it caters poorly to high trading volume due to high fees – crippling its use by NFT traders.
Launched in October 2022 this approach helps to explain how despite a smaller pool of users. Blur’s transactional volume regularly exceeds Opensea.
What is $BLUR token?
Blur itself is an airdropped ERC-20 governance token that will oversee the Blur NFT exchange.
It has a supply capped at 3,000,000,000 – with 12% of tokens up for grabs in the public airdrop. The team has been allocated 9% of supply, but this is safely tucked away in a multi-sig wallet.
The remaining supply has been delegated to two long-term lockup contracts.
With the stated goal of rewarding liquidity provision, rather than attempting to incentivize it.
Blur users have been able to collect the airdrop for a few months.
Awarding those who stuck around in the bear market, those that mint NFTs on the marketplace, and those who transact large volumes across it.
But as of yesterday, these airdropped $BLUR tokens are now redeemable.
How high could $BLUR go?
This is not uncommon amid coin launches. Volatility is likely to stabilise with time as initial sell-pressure reduces.
There is clearly strong $BLUR sell-pressure as holders finally redeem and sell their much-awaited tokens.
With little historical data to work with at this moment, other similar airdrops provide points of reference.
The LooksRare $LOOKs airdrop saw 12% of the total supply distributed to the NFT community.
Despite launching at $2.10, price action saw huge volatility with prices topping out at $5.80. This slowly bled out until current price levels today at $0.29 – a clear signal most airdrop recievers sold.
It would be wise to expect similar sell-pressure will underpin the $BLUR airdrop. This token is likely not a good hold.
What projects could outperform $BLUR in 2023?
Here are some other top projects gaining traction in the market this year that could rival BLUR performance over the coming months.
C+Charge ($CCHG)
Are you ready to join the green energy revolution and profit from it? Look no further than C+Charge (CCHG), a new cryptocurrency that’s set to revolutionize the carbon credit industry.
As electric vehicles (EVs) become more prevalent with the likes of Tesla. The demand for EV charging stations is skyrocketing.
And with the projected $2.4 trillion growth in the carbon credit industry by 2027, there’s never been a better time to jump on board.
But why should only big EV manufacturers like Tesla reap the benefits?
C+Charge offers a game-changing solution.
Its Peer-to-Peer (P2P) payment system for EV charging, powered by blockchain technology, enables EV owners to have a chance to earn carbon credits and share in the industry’s growth.
Don’t miss your chance to own a piece of the pie.
The pre-sale of the CCHG token is already underway, offering early investors a chance to get in on the ground floor of this eco-friendly project. Plus, there’s a $50k giveaway for early birds.
Join the C+Charge movement today and be a part of a project that’s not just profitable but also making a difference for the environment. Invest in a brighter, greener future.
Meta Masters Guild ($MEMAG)
Meta Masters Guild (MMG) is intent on changing the GameFi space for the better. This promising new sector has been reputationally damaged by an intense focus on monetization – a huge put off for players globally.
MMG is on a mission to change this, partnering with major triple AAA studios such as GameAround to deliver a high-octane immersive video gaming experience well ahead of any in-game economics via the growing MMG ecosystem.
$MEMAG is currently on presale in the penultimate 6th round with only two days left until the final 7th round ends! This will see the price of $MEMAG leap almost 10% to $0.021 a token.
The ecosystem already has a number of games in the presale including Meta Kart Racers and Raid NFT. This is impressive project growth from an ecosystem that hasn’t even finished presale funding! One of the most exciting games under development is Meta Masters World – aiming to deliver strategy gaming to the Web3 market for the first time.
Players start with a small army, and set out into a war-torn world of PvP empire-building. You can acquire your land by accumulating riches or blood spilled.
There is full character customization planned to allow you to become the character you always imagined. And if you acquire enough land in the meta – your empire will pay you in real life with the planned in-game currency redeemable for $MEMAG too.
There, of course, will be an economics marketplace similar to RuneScape that will allow players to use $MEMAG to upgrade their empires.
More details are set to be revealed on this title soon. Follow Meta Masters Guild on Discord and Telegram to keep up to date.
Participate in the $MEMAG presale here!
Fight Out ($FGHT)
Fight Out is another revolutionary crypto project coming to the exchanges soon (tipped for April).
The exciting Move-2-Earn project is set to shake-up the space with innovative technology that challenges the likes of STEPN that can only monitor simple walking exercise.
Fight Out is delivering a holistic monitoring system that can record any exercise from your time in the weight room to the hours down the Dojo.
With more than $4.2 million raised in a presale launched toward the end of Q4 2022. Fight Out hopes to remove the barriers to entry that come in the form of Web3 knowledge and expensive starter NFTs associated with platforms like STEPN.
The main approach is to open the web3 industry so that everyone can benefit while living a healthy lifestyle. Users who join this new ecosystem will have access to a Move-to-Earn (M2E) fitness app and a chain of physical gyms spread around the world. Fight Out rewards all types of exercise – and really pays with the native $FGHT token empowering an entire marketplace of physical and digital rewards.
Despite Fight Out being in the presale stages, the team is already making inroads in the crypto industry. Today the team had a project interview with Binance check it out here!
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This article was written for Business 2 Community by Sam Cooling.
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