The token is an Ethereum-based one that has a total supply of 3 billion BLUR and a circulating supply of 714 million BLUR. BLUR holders can enjoy governance, rewards, and exclusive features on the platform.
Its tokenomics is designed to empower the community and facilitate democratic governance of the protocol. The initial allocation of BLUR consists of 3 billion tokens, which will be made accessible over a period of 4 to 5 years.
In the next halving cycle of Bitcoin in 2024, when circulation supply of BLUR is still far from its total supply and the market gets back its momentum, the market cap of BLUR might reach 1 – 2 billion USD. That means BLUR market price might surpass $2 at some points.
Breakdown the fact in our article: Blur Crypto Price Prediction
