Blur announces token economic model: 51% allocated to the community, with core contributors, investors, and advisors receiving 29%, 19%, and 1% respectively

ChainCatcher news, Blur announces token economic model: The BLUR token is used for community governance, with the authority to control the accumulation and distribution of the protocol's value. Governance powers also include setting the protocol fees six months later (up to 2.5%) and issuing community grants. The total supply of BLUR is 3 billion tokens, with 51% allocated to the community, 29% to past and future core contributors (distributed over 4 years, with transfer limits released in the first 4 months), 19% to investors (distributed over 4 years, with transfer limits released in the first 4 months), and 1% to advisors (distributed over 4-5 years, with linear release over 4-16 months).

Among the 51% allocated to the community, 360 million tokens (12%) are for this airdrop, and the remaining 1.17 billion tokens (39%) can be distributed to the community through contributor grants, community initiatives, and incentive programs. Of this 39%, 10% (117 million) has been confirmed for the next incentive distribution. According to the plan, the 1.17 billion tokens will be distributed 40% in the first year, 30% in the second year, 20% in the third year, and 10% in the fourth year. (source link)