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Blur, the ascendant NFT marketplace, introduced on Tuesday that it’s going to quickly airdrop 300 million tokens in further tokens to loyal customers. However, this announcement comes only a day after Blur surpassed once-untouchable competitor OpenSea as the preferred Ethereum NFT buying and selling platform by way of the buying and selling quantity.

However, it can distribute 300 million tokens to merchants throughout the platform’s “Season 2,” which has already begun. According to CoinGecko, the token is at present buying and selling at $0.99.

Blur To Distribute Tokens Based On Loyalty Score

The firm claims that tokens can be given out to merchants in “Season 2” as a part of a extra rigidly gamified program. Customers of Blur can be given a “loyalty score” based mostly on how they use and assist the buying and selling platform. However, for instance, consumers and sellers who don’t use some other NFT market will obtain a 100% loyalty rating.

The variety of BLUR tokens a consumer will finally obtain in a later airdrop will rely upon their loyalty rating in addition to what number of NFTs they record.

300M+ BLUR can be distributed to the group in Season 2.

What’s the key to maximizing rewards? Loyalty.

Users with 100% loyalty have the very best possibilities of Mythical Care Packages, that are price 100x Uncommon Care Packages.

Here are 3 methods to maximise your loyalty👇 pic.twitter.com/Cgiemrvpxh

— Blur (@blur_io) February 21, 2023

Any motion, regardless of how small, might improve a consumer’s probability of receiving extra tokens underneath this new loyalty system. The firm indicated on Tuesday that even quote-tweeting its Season 2 Twitter announcement might enhance a consumer’s loyalty rating.

The majority of BLUR can be distributed to group members who contribute to the protocol’s success, and loyalty is without doubt one of the greatest methods to do this regardless of how a lot itemizing and bidding you do!

— Blur (@blur_io) February 21, 2023

Currently, Blur Has More Market Volume Than Opensea

The buying and selling volumes on Blur are at present noticeably larger than these on OpenSea. However, the vast majority of that exercise seems to have been pushed by a smaller group of whale merchants. They typically flip NFTs to use Blur’s rewards system and earn as a lot BLUR as they will. However, the acceptance of Blur’s native token will decide how nicely that rewards program does. The token has misplaced about 24% of its worth up to now day, falling from $1.28.

Also Read: Digital Identity: Why Identity Is Important In Web3; Explained

Sachin is a author and journalist with over three years of working expertise with totally different main media homes. He is a fintech fanatic who primarily stories on Web 3, NFT, and Metaverse. When he isn’t working, yow will discover him studying thrillers and watching world cinema. Contact him at [email protected]

The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.