1) Deduction about the late trend of $BLUR ——Talking about the economic model and off-site scoring, listing on Binance, and coolness without incentives, etc. Disclaimer in advance: 🔹I hold extremely low-priced positions, and have relevant interests, so treat it with caution; 🔹There are many uncertain factors in the short-term market forecast, and it is recommended to use it as a reference only; 🔹For beginners, the best way is to keep buying $ETH while working hard. Long push to solve the current common misunderstandings and misjudgments.

2) First of all, in terms of the economic model, the erroneous view is: governance tokens, without empowerment, are "the same as before". There are three mistakes here: One is not reading and researching official documents, or reading but not understanding $blur token value. The second is that the so-called is the same as before. It is a half-knowledge of the previous token model. You need to read the supplementary course "Paradigm's Paradigm Shift: Blur's Cross-Era Innovation" 3. There is no horizontal comparison project.

3) Regarding the official documentation, the URL is: blur.foundation">blur.foundation First look at allocation and release, 51% is AirDrop to community members, this 51% setting is a bit interesting. There is a 51% attack in the industry, and more than half of the power can be double spent. The same is true in governance. Whoever has more coins has more governance power. This 51% is directly released through various incentive activities, while other sections have a vesting period of 4 years. See Figure 2 for the release progress.

4) About the role of tokens At present, industry leaders, including $UNI $ldo, already have a very complete token governance mechanism, such as the previous UNI governance switch, LDO governance forum, etc., including $DYDX The V4 version to be upgraded this year, etc. In this way, the property and power of the agreement are all managed by DAO and belong to the community—yes, this is a kind of real belonging to the community, not a Ponzi scheme. BLUR is still very different.

5) With a good mechanism, it does not mean that the currency is good, and many factors must be considered comprehensively. For example, the fee switch proposal $UNI wants to distribute dividends to token holders, but the disadvantage behind it is that LPs may leave, because the rewards are reduced, and the leading position may not be guaranteed. For details, please refer to my article "Paradigm's Paradigm Shift" After reading this article, come back and look at the model of $blur mirror.xyz/btcdayu.eth/Kqe5FgR...

6) The token function of $BLUR is clear: BLUR token is a key element of the BLUR project, controlling the earning and distribution of the protocol! This is the first of the leading projects - there are other projects, but limited by the situation, competition pattern, historical reasons, etc., it cannot be done in this way. Read carefully, there are currently two main initial functions: One is to set how much the exchange charges. The second is to release state treasury subsidies.

7) In addition, there are 3 committees in the early stage of governance to facilitate efficiency improvement, corresponding to: Security, Markets, Incentives Committee. Security committees block those non-standard proposals; The market committee is a fighting corps, making dynamic decisions around fierce market competition (this part is handed over to DAO to vote, and it will die quickly) The Incentive Committee is similar to the Ministry of Finance, discussing how to motivate the market and keep users.

8) Therefore, in the $blur token model, through expected management and effective incentives in the early stage to attract market makers and players, it has been proven to be successful at present, and will start to be based on an active market in a few months On top of that, the fee is currently 0.5%. And how to collect these fees, how to use them, and use tokens for governance. So at this point, we have reason to believe that Paradigm has the ability to do better than everyone thinks.

9) Regarding token cost and points In the first round, a total of 360 million tokens were distributed, and the off-site cost was about 0.2, with a total of more than 50,000 addresses, and more than 100 people with 1 million tokens. Among them, most of the coins kept by the studio are sold online. A lot of coins traded over the counter will be sold as soon as possible. These two types of people get 10 times now, and the average selling price on that day is about 5 times. Considering the high trading volume and extremely high turnover, the cost price of this part may be around 1.

10) Of course, the above is Duan Yongping's "gross estimate", which is vaguely correct, please judge for yourself. The second round has now started, and there have been great changes from the first round: First, there are both bids and listings, and the ways to provide liquidity have increased, and more volume The second is that bidding has become a dark forest. In order to become the best floor price provider for each project, the fight between studios has become fierce.

11) For example, after violently sweeping the goods to raise everyone's bids, then violently smash the market, so that the bidder has no chance to cancel the received goods, and the ETH in his hand is temporarily locked up, so that he has no financial resources to compete with him. Big households fight, small households suffer, and retail investors go out to bid and accumulate points, but they will buy it if they are not careful. Only by experiencing it for yourself can you know how difficult it is now. Of course, it just got better for the player experience!

12) Now everyone is racing to give the highest bid... In fact, this is the same on DEX, just like on UNI, half of the trading volume is completed by various front-running and quantitative robots, which is another dark forest. The third is that the number of tokens in the past two months has only exceeded 100 million. Therefore, the cost of rolling coins has increased, the difficulty has increased, and the amount of coins has decreased, etc., which means that the cost has greatly increased. 0.2 outside the first round, this round may be 0.8-1.

13) Back then, $UNI coins were obtained by users at zero cost. PARADIGM directly distributed money and airdropped them to all wallets that had used their products, and received 2.5 million more coins (a lot more concentrated than the current $BLUR ), less than 400. Statistics were made in two years, and 93% of the wallets sold out these coins. And $blur the so-called airdrop, people need to exchange for time and money, similar to a kind of bitcoin mining, there is a cost!

14) This kind of cost does not mean that it determines the market price. Just like BTC mining, miners may also go bankrupt because they have fallen too much. Similarly, the studio may also cost 1U, but it falls below 1U, because short-term fluctuations in the market are stupid and disorderly. ⚠️So, again, as a reference, I am not asking you to take orders, but just sharing information that I think is valuable. Continue to talk about Binance.

15) There are a lot of speculations about why you won’t be listed on Binance, and whether you will be listed on Binance, but I continue to use common sense to judge, and I will come to the conclusion first: 100% on Binance, no matter when. I admire @cz_binance and read all his articles repeatedly. He is a simple and pure person to the extreme. He hates evil and crooked ways, but he will not engage in so-called exclusive agreements for competing products. The pattern of CZ is to promote the development of the industry, not to make Binance bigger and make more money.

@cz_binance 16) To talk about making money, CZ is now retiring immediately, and Binance is disbanded. With his lifestyle, it is enough for the Wandering Earth project to start. Therefore, we don't have to speculate on the reasons for not being listed temporarily. As long as it is not force majeure, such enthusiasm and trading volume will definitely be listed. For Binance, this is also a business and has nothing to do with personal grievances. It is very important to use common sense to think more in the currency circle-this is why I no longer participate in hot pursuits.

@cz_binance 17) Finally, cool without financial incentives? Consider a few things: One is that the economic incentive lasts for 4 years. The second is that token empowerment will start in a few months. The third is the huge profits of leading projects. The fourth is the migration of user habits and minds. Fifth, you choose 10 of the top 100 projects in the currency circle to enter the top 10, and those with income, distribution, traffic, and community support are preferred. Sixth, BLUR has the best incentive model among leading projects.

@cz_binance 18) Once the OS is released, it will be cool? Let’s not say it’s impossible to issue OS tokens, including modifying them with GEM. On the one hand, it will take time. On the other hand, they chased BLUR to create a copycat version, which will help intensify competition in the industry and benefit retail investors. But it doesn't hurt the founders. Just like the rising star of Google Chrome, defeating Microsoft IE will benefit retail investors, but the strong will always be strong. But from an investment point of view, don't care too much about these things.

@cz_binance 19) Investors need to evaluate more: How much is the current currency price, how much is in circulation, how much is released, and how much is the average cost in the market. This part is mentioned above. And how hot the NFT track will be in the next six months (I'm 99% sure that there are Mavericks, go to BLUR to trade or make a bid, maybe you will feel it), $BLUR how much time to develop (at least half a year without a solution development period), etc. .

@cz_binance 20) In summary, I am very satisfied with my 0.9 heavy position entry. But the suggestion for retail investors is still: 0.5 can enter, 0.25 heavy position, 0.1 Stud buy. The reason for this suggestion is that I don't know whether the market makers behind it have the opportunity to cooperate with some market sentiments that are not yet known. But I use common sense to judge: as long as I don’t move the stock, it’s no harm to me. Everyone has only one chance to ship.

@cz_binance 21) So, don't ask me how much BLUR sees, because I can't predict it in the short term, I don't have that level, and I don't intend to predict it. I can only make a comprehensive judgment from the average market cost, sentiment, and the forward value of tokens. I have not seen the FOMO and weird pull of tokens at the current stage. On the contrary, I believe that many people are currently thinking that if it falls to 0.6, I will definitely buy it-this is not a good time for market makers who want to smash their orders to accumulate funds.