1. PixelPlaygroundHome
  2. Blockchain Briefs

BLUR Token Economic Model: Community Governance and Distribution

• Blockchain Briefs • 215 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 …

BLUR Token Economic Model: Community Governance and Distribution

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

Interpretation of the news:


The recent release of the BLUR token economic model by Blur offers essential information about the token’s features, distribution, and governance power. According to the model, BLUR tokens serve as an essential tool for community governance, enabling users to control the accumulation and distribution of the value of the agreement. Users can exercise governance powers, including setting up the agreement fee (up to 2.5%) after six months and distributing community grants.

The total supply of BLUR tokens is 3 billion pieces, with 51% allocated to the community, 29% to the past and future core contributors for four years, 19% to investors for four years, and 1% to consultants for four to five years. Of the 51% allocated to the community, 12% was used for the air drop, and the remaining 39% can be allocated to the community through contributor subsidies, community initiatives, and incentive plans.

According to the plan, 10% of the remaining 39% (117 million) has been earmarked for the next incentive. The 1.17 billion pieces will be distributed over four years, with 40% allocated in the first year, 30% in the second year, 20% in the third year, and 10% in the fourth year.

The BLUR token economic model underscores the importance of community governance for digital assets. The allocation of the token supply to the community, core contributors, and investors makes it a more inclusive platform. The combined contributions of these stakeholders and the governance power that comes with the BLUR token’s ownership will promote a fair distribution of rewards and incentives for innovation and development.

In conclusion, the BLUR token economic model presents a fascinating concept of community governance and distribution of rewards. The allocation of 51% of the token supply to the community demonstrates the project’s commitment to promoting inclusivity and fair distribution. The governance power embedded in the BLUR token reinforces the participatory nature of the project, where all stakeholders have a say in the platform’s development, innovation, and future.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/487/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/15/2023 02:55
Next 02/15/2023 02:58

Recommended articles