The Token Economic Model of Blur: BLUR Tokens for Community Governance

02/15/2023 02:57 • Tech Trends • 95 views

It is reported that Blur published the token economic model: BLUR tokens are used for community governance, and have the right to control the accumulation and distribution of the value of the agreement. The governance power also includes the agreement fee (up to 2.5%) after setting up half a year, and the distribution of community grants. The total supply of BLUR is 3 billion pieces, 51% to the community, 29% to the past and future core contributors (for a period of 4 years, with the transfer quota released in the first 4 months), 19% to investors (for a period of 4 years, with the transfer quota released in the first 4 months), and 1% to consultants (for a period of 4-5 years, with a linear release of 4-16 months). Of the 51% allocated to the community, 360 million (12%) were used for this air drop, and the remaining 1.17 billion (39%) could be allocated to the community through contributor subsidies, community initiatives and incentive plans. Of these 39%, 10% (117 million) have been confirmed for the next incentive. According to the plan, the 1.17 billion pieces will be allocated 40% in the first year, 30% in the second year, 20% in the third year and 10% in the fourth year.

Blur announced the token economy model: 51% was allocated to the community, and core contributors, investors and consultants received 29%, 19% and 1% respectively

Analysis based on this information:

Blur, a blockchain platform, recently revealed its token economic model, which centers around the use of BLUR tokens for community governance. The BLUR tokens come with a host of rights, including controlling the accumulation and distribution of the value of the agreement. Furthermore, they also provide governance power over the agreement fee, set up after half a year, which can reach up to 2.5%.

The total supply of BLUR is 3 billion pieces, of which 51% is allocated to the community. The remaining 49% is distributed among past and future core contributors, investors, and consultants. Those allocations have certain conditions attached, including transfer quotas for specific periods.

Out of the 51% allocated to the community, 12% (360 million) were earmarked for the air drop, while the remaining 1.17 billion (39%) can be assigned to the community through a variety of methods such as community initiatives, contributor subsidies, and incentive plans. The allocation distribution of the remaining 39% will occur over the next four years.

The plan for BLUR tokens implies the allocation of 40% of the remaining supply in the first year, followed by 30%,20%, and 10% in the second, third, and fourth years, respectively.

The model shows that supporting the community is vital to Blur’s economic model. Moreover, it demonstrates how Blur is committed to enhancing the value of its platform by allowing its governance structure to be more decentralized, transparent, and fair via the BLUR tokens. Maintaining these principles is critical to Blur’s success as a blockchain platform.

In conclusion, the token economic model of Blur focuses on the use of BLUR tokens for community governance, regulating the accumulation and distribution of value agreements. It highlights the importance of community in the Blur ecosystem and provides a roadmap for the allocation of BLUR’s total supply. With its commitment to transparency, fairness, and decentralization, Blur’s token economic model prioritizes community empowerment and gives them a voice in their platform’s future development.

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