Tokenomics
Last updated
Last updated
3 billion BLUR have been minted at genesis and will become accessible over the course of 4 to 5 years. If you are familiar with UNI, you will notice that BLUR follows a similar schedule, with additional cliffs and longer vesting for advisors. The initial 4 to 5 year allocation is as follows:
51% to Blur community members 1,530,000,000 BLUR
29% to past and future core contributors with 4-year vesting 867,601,888 BLUR
19% to investors with 4-year vesting 565,633,826 BLUR
1% to advisors with 4 to 5-year vesting 36,764,286 BLUR
12% of BLUR 360,000,000 BLUR can immediately be claimed by all NFT traders across any marketplace from Oct 19 2022 to Feb 14 2023, historical users of Blur with Care Packages, and creators.
With 12% of tokens available to be claimed by historical and future community members, the community treasury will have 39% of BLUR supply available to distribute to the community through contributor grants, community initiatives, and incentive programs. Of the 39%, 10% (300M BLUR) has been allocated to the incentive budget for the next incentive release. If all of the incentive budget is utilized, more can be allocated via governance vote.
BLUR will vest to the community treasury on a continuous basis according to the following schedule:
Year 1
468,000,000 BLUR
40%
Year 2
351,000,000 BLUR
30%
Year 3
234,000,000 BLUR
20%
Year 4
117,000,000 BLUR
10%
Core contributors' and launch partners' BLUR allocations will have tokens vested on an identical schedule with the addition of a 4 month cliff for transfers. Advisors' BLUR allocation will vest over 48 to 60 months with a 4 to 16 month cliff.
