CDS Crypto News NFT Marketplace Blur Delays Token Launch
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NFT Marketplace Blur Delays Token Launch

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NFT Marketplace Blur Delays Native Token Launch
NFT Marketplace Blur Delays Native Token Launch

Blur, an NFT marketplace for professional NFT traders, announced that it had postponed the launch of its native token to February 14.

Delay of Token Launch

The Platform was planning to launch the $BLUR token in January. The platform announced the news of the $BLUR token’s delay on its official Twitter account. After the delay announcement tweet, many users stated that they wanted more information about the native token. It was also a matter of curiosity whether new airdrops would come during this delay. The platform announced the delay on Twitter with the following words:

“We know this is past our initial estimate of January and we’re sorry for the delay. We’re trying new things and the extra two weeks will allow us to deliver a launch that hasn’t been done before. Airdrop 3 will continue until then.”

Blur

The Importance of the BLUR Token

The platform has organized a total of 3 airdrop events since its launch in October. The platform also distributed the native token as a reward to incentivize user participation. The first of these airdrops was the distribution of “Care Packages” to anyone trading Ethereum-based NFTs. The platform has divided the Care Packages to be used for $BLUR tokens into four different rarity tiers: uncommon, rare, legendary, and mythical.

The second airdrop event took place in November and featured more significant and rare Care Packages. The last airdrop took place in December and rewarded those who bid on collectibles through the platform. In an announcement in January, the platform said the following;

“Our goal is to make Blur a marketplace that the entire NFT community owns and profits from. Care Packages can be opened for $BLUR when we launch our token and protocol governance in January.”

At this point, the native token of the platform is of great importance both for the trading of in-platform products and for Care Packages. Although the intended use and token distribution of the native token is not clearly known, it can be said that it will play an effective role in the governance of the platform.

Reference

www.coindesk.com

Written by
oguz

The author is a political science and public administration student at Kocaeli University. He is also studying Management Information Systems at Anadolu University. He met Blockchain technology and Cryptocurrencies for the first time in 2019. Interested in cryptocurrencies for over 2 years. In addition he provides E-commerce and social media marketing services.

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