xx, that is, mining has always been a hot spot in the currency circle.
The transaction in 2018 was mining, which gave birth to a large number of CEX, resulting in a transaction volume that shocked the world, and countless CEX platform coins were born;
In 2020, compound lending is mining, which gave birth to defi summer and countless defi projects.
However, in the end, most of these nascent mining coins did not perform well.
In the past two days, Blur is the hottest in the industry, especially since Opensea was forced to revise its platform policy, and the masses are all climaxing. Everyone is boasting that Blur has a real innovation, which is the Bid mechanism.
I tested Bid back and forth, plus the only instructions on the blru website, in fact, this thing is super simple, it is a variant of transaction mining. Migrated the 2018 cex gameplay to the NFT transaction on the chain.
We can see Bid as a deposit contract, which allows users to often wrap their ETH into wETH-erc20 and deposit it into the bid contract. There are no restrictions on deposits and withdrawals, and users can withdraw at any time.
After the user deposits wETH into the bid contract, they can use these wETH to bid for NFTs on the market. I tried a few, and the lowest price I can bid is 0.01 ETH, which is far lower than the floor price, that is, the bid is basically no Possible deal.
However, Blur's AirDrop mechanism is linked to the deposit and bid in Bid. It can be simply considered that the more deposits you have and participate in the bid, the more chance you have to get the AirDrop Blur platform token.
It is estimated that many NFT holders will buy and sell themselves, and use blur AirDrop.
But I didn't actually make a deal, the amount of test coins was too small, and I didn't have the ability to read its code, so I don't know what its AirDrop algorithm is.
But what's the use?
1. The platform can prop up false TVL. This is no different from single currency pledge.
2. Provide potential buying price and selling depth for the NFT being sold on the platform. This is the set of pending order mining methods played by cex in 2018 (pending order mining is a subset of transaction mining).
3. Attract new funds into the NFT market. Now that ETH is in the bid pool, the psychology of users will change. If there is a large part of the funds, they will not want to raise it to buy nft on other platforms, and they may just buy it in it.
Just imagine, we are equivalent to exchanging ¥ for usdt, and the money enters the currency circle, and then it will not come out if we don’t buy some other coins. Who has nothing to speculate in usdt?
4. Help high-frequency trading NFT users save gas fees.
Because after the user deposits ETH Wrapped into wETH-erc20 into the bid contract, the wETH is essentially under the control of the contract and can be operated by the contract. For example, the user only needs to sign a message (not the private key for sending coins) Signature) to change the price of the pending order, so that no gas fee is required.
NFT trading is mining, can it set off a big storm? There should be a wave of hot spots, and the trading volume of NFT will rise to a high level.
But from a historical point of view, xx, that is, mining, has rarely been successful. I hope this time there will be no feathers left.
