What kind of currency is BLUR coin? Is BLUR Coin valuable?

BLUR Coin: The governance token of Blur Exchange

Introduction

BLUR Coin is the governance token of Blur Exchange, which will be launched in October 2023 It will be airdropped to Blur exchange users on March 19th. The total supply of BLUR coins is 3 billion, of which 51% is allocated to the community, 29% to the team and investors, and 20% to the ecosystem. This reasonable distribution structure is designed to ensure community participation and development, while incentivizing teams and investors to contribute to the long-term success of the platform. The proportion of the ecosystem also provides sufficient resource support for ecological construction and lays a solid foundation for the healthy development of the entire ecosystem. This comprehensive supply allocation policy

Uses

The main uses of BLUR coins include:

• Governance: BLUR coin holders can participate in the Blur exchange Governance, voting on the exchange’s rules, fees, and direction.
• Pledge: BLUR coin holders can pledge BLUR coins on the Blur exchange to obtain transaction fee dividends and staking rewards.
• Transaction fee reduction: BLUR coin holders can enjoy transaction fee reduction when trading on Blur Exchange.
• Participate in IEO: Blur exchange will hold IEO regularly, and BLUR coin holders can participate in the subscription first.
• Mortgage lending: BLUR coins can be mortgaged and borrowed on the Blur exchange.

Value

The value of BLUR coins is inseparable from the development of Blur Exchange. As a rapidly growing NFT exchange, Blur Exchange has a strong user base and a good reputation. As Blur Exchange continues to maintain a good development trend, the demand for BLUR coins will also increase, thereby providing support for the currency price.

Development Prospects

The development prospects of BLUR currency mainly depend on the development of Blur exchange. At present, Blur Exchange has a good development momentum and has a good user base and market reputation. If Blur Exchange can continue to maintain good development momentum, the demand for BLUR coins will also increase, and the currency price will also be supported.

Conclusion

BLUR coin is the governance token of Blur exchange and has multiple uses and values. The development prospects of BLUR coin mainly depend on the development of Blur exchange. At present, Blur Exchange has a good development momentum and has a good user base and market reputation. If Blur Exchange can continue to maintain good development momentum, the demand for BLUR coins will also increase, and the currency price will also be supported.

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