Analyzing the Economic Model of Blur Tokens
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 …
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:
Blur, a popular blockchain-based project, recently released their token economic model. According to this model, the concept of Blur tokens has multiple functions, including community governance and the right to control the accumulation and distribution of the agreement’s value. Being a governance token, the BLUR token aims to provide more voice and control to the token holders who have interest in the project’s decision-making process.
One of the noteworthy provisions of the model is that the governance power includes the agreement fee, which can go up to 2.5%. This fee is applicable after setting up the model for at least six months, after which the community members will have control over agreement fees and distribution of community grants to accelerate growth.
In terms of token allocation, the total supply of BLUR is 3 billion pieces, out of which 51% will be allocated to the community. The rest will go to past and future core contributors, investors, and consultants. The community members will have the right to receive contributor subsidies, community initiatives, and incentives plans from Blur tokens project.
Furthermore, 12% of this 51% allocation is used for the platform’s air drop, while the remaining 39% will be allocated to the community through incentives, initiative plans, and subsidies. Out of these, 10% is already confirmed for the upcoming incentive program.
The token allocation also defines the duration for which token transfer may take place. For instance, transfer quotations within the first four months of release are limited by the token-economic model. Additionally, 29% of token allocation has been kept for the past and future contributors for up to four years, respectively, with a transfer quota being released in the initial four months.
In conclusion, the token economic model of Blur tokens appears to be well-defined to benefit the community members. This model empowers community members to take control of decision-making policies and move towards community-driven growth. As a result, we expect the Blur token to become more widely accepted in the blockchain community in the coming years.
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