In the early hours of this morning, the BLUR airdrop became a hot topic in the market. The airdrop, which was originally scheduled to start at 1:00 in the morning, was officially postponed to 2:30, but the belated airdrop still ignited the emotions of traders. The legend of creating wealth with huge airdrops has once again attracted people's attention.

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Blur, which bills itself as “the marketplace for professional traders,” has raised an $11 million round led by Paradigm in March 2022. Like other competing products that captured users through airdrops before, the airdrops in this market attracted a large number of transactions, and finally allowed users to cash out their potential benefits today.

Airdrop income of up to 3.2 million pieces, false transactions arouse doubts

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On Twitter, a user named Keungz shared his airdrop record. The trader received a whopping 610,000 BLURs, or about $360,000 at current prices.

And that's not the best record for Airdrop Hunter. Dune data shows that an unnamed address "0xD5eE00b7BAbd9374D32159CD7cD82bb99eF831fd" has received more than 3.2 million BLUR, which is equivalent to about 19.2 million US dollars at current prices.

The next two addresses received 2.97 million and 2.5 million coins respectively. "0x8BC110Db7029197C3621bEA8092aB1996D5DD7BE" and "0x9e91F274F175388dd1950799Fa69e00d699ae2ee" respectively.

Checking the data on the chain, Odaily also found some interesting facts.

Looking at their transaction activities, it can be found that there is a lot of interaction between the three addresses with the top three withdrawal volume. It is not difficult to guess that there is a connection between these three wallets.

Taking Otherside #81212 as an example, this NFT was first bought by “0xD5eE” 21 days ago, and then this address bought this NFT repeatedly, with a total of 6 purchases. And other NFT positions also have such repeated buying and selling.

False transactions and swiping volume are always unavoidable problems in airdrops, which has also become a main reason why many users question the platform. About 13 percent of Blur's transactions were listed as suspected fake, compared with just 2 percent for OpenSea, according to Dune's data.

Although the wealth creation effect is very impressive, not everyone is lucky enough to receive huge airdrops. This round of airdrops totaled 360 million coins, about 80% of the people received less than 10,000 airdrops, and about one-third of users received less than 1,000 coins.

A large number of claims and transactions also brought congestion to Ethereum, and the gas once soared to more than 2000 gwei. Gas did not return to normal levels until about 2 hours after the airdrop.

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Blur's market share has rushed to the first place, and it is rumored that there will be huge financing

Blur was launched in October last year and quickly grabbed a significant share of the increasingly competitive NFT market. According to data from The Block Research, in the past January, BLUR has become the NFT market with the largest trading volume.

According to NFTgo data, Blur's three-month trading volume has surpassed that of OpenSea, but it is still unclear whether the trading volume will continue to grow after the airdrop ends. Under the huge temptation of airdrops, several OpenSea competitors surpassed OpenSea for a short time.

Today, Blur officially responded to the fraudulent transactions: the real transaction volume on the Blur platform excluding fake transactions reached 1.2 billion US dollars, and the number of users reached 146,823.

Twitter user @tier10k revealed that NFT market Blur will raise funds at a valuation of US$1 billion. If calculated at the current price of US$0.6, BLUR’s current market value in circulation is US$216 million, and FDV is US$1.8 billion.

Yesterday, it coincided with CZ’s AMA. A Twitter user asked about “the rumor that Binance is about to list Blur (BLUR)”, and CZ responded that he would not comment on any specific project, especially on the issue of whether it will be launched or not. Leave a comment, any project to be listed on Binance needs to abide by strict listing rules, including information disclosure, etc. However, although it is not online now, it does not mean that it will not be online in the future.

The number of BLUR tokens is considerable, with a total supply of 3 billion.

The BLUR tokens airdropped in this round only account for 12% of the total supply; and the future circulation will increase rapidly.

According to the officially announced token economics, BLUR tokens are distributed as follows:

1.53 billion pieces are allocated to the community, divided into four years, accounting for 51%.

About 870 million coins are allocated to core contributors and unlocked in four years, accounting for 29%.

About 570 million pieces will be allocated to investors and unlocked in four years, accounting for 19%.

About 37 million pieces are allocated to consultants, which will be unlocked in four to five years, accounting for 1%.

The wealth effect has sparked heated discussions among traders, who are looking forward to the next airdrop. According to the official rules, we will usher in the second and third rounds of airdrops in the future.

Airdrop 2 is for users actively listing NFTs on Blur, and the event will run until November of this year.

Airdrop 3 is for users who submit bids on Blur, and this will be the largest Blur airdrop (about 1-2 times the size of Airdrop 2).