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Interpretation of Blur airdrop rules: How to maximize profit?

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The reason Blur's platform has outperformed so far is a direct result of its carefully calculated airdrop rules.

How to Maximize the Benefits of Blur airdrops?

原文作者：雾海，PANews

According to data from NFTScan, NFT Blur had the highest transaction volume of 107,000 ETH in the past 7 days, accounting for 49.47% of the total market volume, which was twice as much as OpenSea (49,000 ETH) in the past 7 days. X2Y2, LooksRare platform transaction volume of 4 times in the last 7 days. The 24-hour transaction volume on December 11 reached 29,849eth, an increase of 345.8% and four times the amount on the OpenSea platform. Among them, blue-chip NFT such as BAYC and Azuki saw a sharp increase in transaction volume on Blur platform.

The reason Blur platform is so far ahead is that its simple and intuitive products enhance the NFT infrastructure, enhance the experience of professional traders in the NFT market, and capture the common needs of users through zero rates and custom royalties. But the more immediate reason is its carefully calculated rules for airdrops.

Unlike most projects on the market, which rely on the user's behavior in the user's history chain to determine whether or not to drop a product, Blur's platform allows users to fully experience the product by setting rules once it is officially launched.

This paper will give you a detailed interpretation of Blur's three-round airdrop rules to maximize the utilization rate of funds and the benefits of airdrop in the third round.

Blur announced an $11 million seed round of funding in March, led by Paradigm. Most of Paradigm's investments have been in the form of massive, all-inclusive airdrops to communities, such as the once-hot Uniswap airdrop. This is why the Blur platform has been getting a lot of attention from the market since its beta period. So, how can you improve your personal profit in Blur airdrops? One is to increase personal loyalty to 100%, and the other is to improve the utilization of funds.

loyalty

Blur officially launched on October 20, 2022, announcing the first round of airdrops to users who have been active in the NFT market in the past 6 months. The initial form of airdrop will be to receive care packages, which will be opened to receive BLUR tokens when BLUR tokens are launched in January 2023. In order to collect a package, Blur will need to place a NFT order within 14 days from the announcement of the airdrop rule.

The higher the royalty is set, the closer the price is to the real transaction, and the higher the loyalty of the user. For example, if the floor price of BAYC is 60 ETH, the royalty for user A is set at 10% and the listing price is 61 ETH, and the royalty for user B is set at 5% and the listing price is 62 ETH. Then user A's loyalty is higher than user B's.

On October 20, 2022, Blur officially announced a second round of airdrops to encourage NFT users to publish more of their collections. In terms of loyalty, when users list their collections on other NFT markets, as long as they list their collections on Blur at the same or lower price, or only on Blur, the loyalty score will remain the same as in the first round.

For example, if the price of a collection on Blur is 0.1 ETH, and the price of a collection on other NFT markets is 0.05 ETH, the user's loyalty score decreases. If a collection is priced at 0.05 ETH on Blur and 0.1 ETH on other NFT markets, the loyalty score goes up. A collection costs 0.1 ETH to list on Blur and 0.1 ETH on other NFT markets, and the loyalty score goes up.

On December 15, 2022, Blur officially announced the third round of airdrop rules to encourage NFT users to submit bids for more collections. Again, the importance of loyalty. If average loyalty remained high throughout the third airdrop until the airdrop was issued, the user would have a higher probability of getting a super rare package containing more BLUR tokens. Embodied as loyalty less than 50%, bad luck when opening packages; Loyalty 50-90%, medium luck; Loyalty in 90-97%, good luck to; Loyalty is above 97%, very lucky.

It's important to note that Blur's airdrop interface currently shows the user's current loyalty, rather than average loyalty. The average loyalty will be displayed on the main screen.

Throughout the three rounds of airdrops announced on Blur's platform, loyalty is one of the requirements that comes up every time. Loyalty does not affect the number of care packages a user can get in the airdrop, but directly affects the user's luck in opening the package when receiving the airdrop. The more loyal you are, the more likely you are to open packages of more advanced attributes, which are classified as rare, rare, legendary, and fabulous. In other words, the more loyal you are, the greater the chance of receiving more BLUR tokens at that time.

For example, two users received the same number of packages, but one user's loyalty was 50% and the other user's loyalty was 100%, so the former user ultimately received a smaller number of BLUR token airdrops than the latter user, and the difference was large.

Therefore,In Blur's third and final round of blanks, users had to be as loyal as possible to increase their chances of getting as many B LUR tokens as possible.

Improve the utilization rate of funds

In order to understand how users can increase the probability of getting a package with more BLUR tokens when they collect the airdrop, here is how users can increase the number of packages they receive in the airdrop.

There is talk in the community about brushing multiple transactions on the Blur platform to increase the number of packages received. Such claims are incomplete and run the risk of being treated as witch attacks. Based on Blur's airdrops in rounds two and three,Blur airdrop rules do not encourage trading,Instead, a well-developed set of rules makes the transaction as real as possible.

For example, in the second round of empty shots, the rule of Blur platform is that the order is closer to the current market floor price, and the higher the score the user gets. When all users are competing for more points, their orders naturally tend to be real transactions, which leads to transactions being completed. As a result, there is no need for Blur to offer any incentives for transactions.

In the third round, the Blur platform awards points based on the amount of money spent on a collection within 24 hours. In a collection, the most acceptable bid wins the majority of points. For example, for a collection, if the floor price is 1.01 ETH and 100 bids are for 1 ETH and you bid 0.99 ETH, then your bid won't get many points because there are 100ETH purchases ahead, but if you bid 1.01 ETH, you will get more points. Because your offer is the most likely to be sold at the moment. The longer you bid, the more points you earn. Points will stop earning when the bid is accepted for sale.

More importantly, users can re-use their own ETH in the bid pool across collections when bidding, so users can earn more points by paying the nearest floor price to collections in multiple active collections. For example, you can put 10ETH into the bidding pool and bid 10ETH for a single set, but you can bid for any number of sets. You can bid 10ETH for each set, and the funds used for the bidding pool among these sets do not affect each other. In this way, the maximum liberated the efficiency of the use of funds.

From the point of view of Blur platform, this approach maximizes the fluidity of the platform. Users bid on collections from multiple collections, as long as the total bid for a single collection does not exceed the bid pool ceiling. If the user's bid is accepted and concluded, the amount of money in the bid pool is reduced, and the existing funds do not meet the initial funding requirements for other multiple sets of bids, the bid will be automatically withdrawn.

In addition, the Blur platform has launched a rolling 24-hour leaderboard, with the top 100 points placed within 24 hours receiving 1.2-2.5x bonus points to bidders.

Again, only bids that are as close to the floor as possible will be awarded points. Getting your bid accepted does not have any positive return on the quantity or quality of your drops, nor does it gain any additional benefit from volume or number of trades. So the user doesn't have to swipe or actively complete the transaction.

Among them, the risk is that users may bid for some collections with low consensus, not long online time or very violent price fluctuations in order to obtain points by bidding for multiple collections to maximize. Such a bid behavior probability will receive some of the worthless, just by the project side early pull high floor price shipment of low value items. And when the bid users accept these items, it is difficult to sell again, resulting in capital losses. According to PANews, the Blur platform has seen multiple drops of up to 70% in the past 24 hours. Therefore, risk should be balanced on the premise of getting higher points.

For users with less capital, they can bid as far as possible for a long time, stable price and active price, and a higher consensus on the floor price of a lower project. For users with large amounts of funds, blue-chip projects can be selected, and the blue-chip projects themselves can obtain higher points.

In the process of airdrop on Blur platform, it can also be observed that the price of some NFT projects on Opensea platform is lower than that of Blur. At this time, it can be observed whether there is a bid on Blur platform that is higher than the floor price of Opensea platform, and then the wear and tear of royalty and transaction commission can be calculated. If the price difference between the two platforms is greater than wear, brick arbitrage can be completed.

The reason why this arbitrage can be completed is that, as mentioned above, the third round of airdrop rules of Blur platform motivate bidders. When the floor price of a project on Opensea platform is lower than that on Blur platform, bidders on Blur platform fail to remove the bid order in time, which enables arbitrageurs to carry it over and sell it directly. Don't worry if you put it in your hand.

conclusion

According to official information, the third round of airdrops is the final and largest round on Blur's platform, with a month to go. Within this time, users should try their best to improve the utilization rate of funds, obtain more points, and thus obtain more packages. At the same time, the loyalty of personal account is increased to 100%, which makes it possible to obtain higher quality packages with higher probability and increase the number of BLUR tokens.

Blur's three-wheel airdrop demonstrates the methodical way Blur officials operate their products through airdrops. The first round rewarded NFT users who stayed active when the market was down, attracting more people to use Blur for the first time. The second round of airdrop encourages sellers and users to use tools such as ladder ordering and one-button ordering launched by Blur; Third round of incentives to buyers. Multi-party matching improves the fluidity of Blur platform and enables users to experience all Blur products in a complete way.

The Blur platform is currently at the top of the market in terms of numbers, and this is driven by the expectation of airdrops. But after the airdrop is over, users may also develop new trading habits in Blur through constant manipulation, which is the biggest purpose of Blur airdrop.