At the time of writing, Blur is trading at $0.6373, up 27.30% in the last 24 hours.
After being listed, the token’s price increased all the way to $0.64.
A 27% increase in BLUR, the native token of the NFT platform Blur was recorded, as a result of its latest airdrop and listing on Binance’s convert feature.
Binance’s retail users are the intended audience for the convert feature. Users may transact in asset purchases and sales without requiring an order book. After being listed, the token’s price increased all the way to $0.64, doubling in little over a week.
At the time of writing, Blur is trading at $0.6373, up 27.30% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 21.30%.
Source: CoinMarketCap
Strategic Airdrop
Moreover, the second season of Blur’s incentives program to encourage regular use ended on November 21. The purpose of this airdrop was to thank anyone who used the Blur marketplace between May and November; tokens were distributed according to trade volume and token holding time. Also, there is a 45-day timeframe for users to redeem their tokens.
Blur’s end-of-season airdrop serves as one of the strategies it utilizes to persuade traders to use its platform. Blur will reimburse users who traded NFTs on the platform at the conclusion of each season.
After the introduction of Blast, a layer 2 network created by the same team behind Blur, the platform’s performance skyrocketed. Blast has received over $400,000,000 in deposits since going online earlier this week and will distribute the funds by airdrop in May. The 24 hour trading volume on all BLUR trading pairs is close to $1 billion, as investors try to capitalize on the Blast mania.