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Markets have ignited with the rockstar release of the highly anticipated $BLUR airdrop. The Blur NFT marketplace officially opened redemptions yesterday.
After a slow initial launch, which saw the Blur project roadmap delayed - the Blur NFT marketplace has been on the up and up.
Currently situated in the top 10 NFT exchanges (by volume) - Blur exchange has seen $430m in monthly trading volume.
And the hype doesn't stop there, with crypto Twitter set on fire by Coinbase teasing the future listing of $BLUR tokens.
The brainchild of Web3 developer Pacman, Blur exchange launched in October 2022 with the aim of creating a low-fee, royalty-optional NFT marketplace.
The unique approach of Blur sees the exchange targeting 'pro traders'. This means users with high trading volume and high trading frequency. Helping to explain how despite a smaller pool of users, Blur's transactional volume regularly exceeds OpenSea.
What is BLUR token?
The airdrop itself is an ERC-20 token with a max supply of 3,000,000,000. Governance is the holding incentive and use case.
With the stated goal of rewarding liquidity provision, rather than attempting to incentivize it, Blur users have been able to earn 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.
In total, 12% of $BLUR will be airdropped to users, with 9% allocated to a team-owned multi-signature wallet. The remaining supply has been delegated to two long-term lockup contracts.
How high could BLUR go?
While prices initially launched at $5, so far, price action in the first 24 hours for $BLUR has been very rocky, characterized by continued extreme volatility that has seen price bouncing between $0.48 - $5.20.
This is not uncommon amid coin launches, and volatility is likely to stabilize with time. 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 receivers sold.
It would be wise to expect similar sell-pressure will underpin the $BLUR airdrop.
As such, this token is likely not a good hold.
What projects could outperform $BLUR in 2023?
Leveling up the GameFi: Meta Masters Guild
Meta Masters Guild (MEMAG) is introducing a new way to play-and-earn with its decentralized GameFi ecosystem.
This innovative platform combines high-quality mobile games with the power of blockchain technology.
As a player, you'll have access to a single native currency, the Meta Masters Guild token (MEMAG). Used for earning and transactions across all the games in the Meta Masters Guild ecosystem.
The MMG ecosystem prioritizes community engagement and fairness, giving participants the chance to earn passively – ensuring the economics surrounding the experience don't limit the experience.
With three high-octane titles, including Meta Kart Racers &RAID NFT in the pipeline, and partnerships on the horizon. MEMAG has explosive potential.
Key to the success of this project is the security of assets. Self-custody of in-game assets gives a sense of ownership and control over the gaming experience.
Investing in MEMAG is a chance to be part of a growing ecosystem that is shaking up the traditional gaming industry.
Not least of all because MEMAG bucks the trend in GameFi. Offering a strong entertainment offering before focusing on financial opportunities is promising.
Too many attempts to capitalize in the GameFi space have floundered on this simple level.
The final round of the $MEMAG token presale is currently underway, offering an opportunity for early adopters to buy tokens at a discounted rate.
If you're looking for a new way to play and earn, visit the Meta Masters Guild website to learn more and take part in the presale.
Visit Meta Masters Guild Now
Delivering next-gen Move-2-Earn in Web3: Fight Out
Get ready to sweat and win big with Fight Out ($FGHT). The presale for the FGHT token is ending soon, and there's no better time to jump on board.
Fight Out is changing the way we all will think about fitness. Not only does the app track your real-life workouts, but it also rewards you for participating in challenges, classes, and personal routines.
Fight Out is introducing the masses to move-to-earn (M2E) on Web3 and creating a new, fun way to approach fitness.
You'll earn $REPS, redeemable for discounts and perks. And using the in-app native utility token $FGHT gives you even more exclusive benefits. This includes the chance to level up your earnings!
To sweeten the deal, they're giving away $250k to a lucky presale participant.
Don't miss your chance to be a part of the revolution. Head to Fight Out's website to learn more about the pre-sale and secure your spot in the future of sports.
Visit Fight Out Now
Putting EV profits in your pocket: C+Charge
C+Charge ($CCHG) is a new cryptocurrency that's shaking up the carbon credit industry.
This innovative start-up aims to take advantage of projected $2.4 trillion growth in the industry by 2027. And you don't have to look far to see its relevance.
Up and down the roads, we're seeing EV charging stations popping up for fleets of gleaming Teslas. And C+Charge is proposing a chance for everyday people to claim a slice of the pie.
The company offers a Peer-2-Peer (P2P) payment system for Electric Vehicle (EV) charging using blockchain technology.
With this system, EV drivers can earn carbon credits and profit from the industry's growth.
Currently, only big EV manufacturers like Tesla are taking advantage of carbon credits. Why should these profits centralize in the hands of a few?
C+Charge aims to level the playing field and put these rewards in the hands of EV owners.
The pre-sale of the CCHG token is already underway, giving early investors a chance to get in on the ground floor of this eco-friendly project. There is also a $50k giveaway for early bird investors.
Join the C+Charge revolution today and be a part of a project that's making a difference for the environment.
Don't miss this opportunity to support a promising project that has the potential for big returns.
Visit C+Charge Now