Blur's points ranking is shady, Brother Maji: Blur's Liquidity is fake, Blu says there is a major announcement

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ETH ( @punk9059 ), the research director of the NFT community Proof, questioned the NFT trading market Blur's point ranking system on Twitter. He believes that Blur's bidding and earning point system is unfair. Maji's brother Huang Licheng, who once strongly supported Blur, but later gave up Blur, also came forward to agree, saying that Blur is no different from being hacked.

Blur's ranking shady: It's not fair

The more bids there are on Blur, and the Liquidity for the trading market, the more points you can get, and you can get the AirDrop of Blur platform token BLUR. However, it seems that the top few addresses have found a way not to receive a large number of orders because of bids.

The third place has not bought NFT for six days

ETH takes 8BC110, the wallet ranked third in terms of points, as an example. He earns nearly 3,000 bidding points (bidding piont) every day, but he has not bought NFT for 6 days.

How did he do it? According to ETH , this third-place wallet was done by a robot.

Because a seller can only sell 60 NFTs at a time, his bot can withdraw bids when he sees someone offering an NFT. Since a single block can only hold 180 sell transactions, even a sell campaign coordinated by bots from multiple wallets will never reach a depth greater than 181 bids.

The second place has not purchased NFT for 17 hours

Similarly, ETH indicates that another wallet, CBBOFE, ranks second in terms of points, earning 4,200 bid points per day, but has not purchased NFT for 17 hours.

ETH emphasizes that the depth of those over 180 buy bids is very likely unreal.

Using bots to avoid violations is not unfair

ETH believes that these people did not violate the regulations, because the bidders only adjusted their strategies before the buying and selling of NFTs happened, rather than conducting front-running MEV strategies. But after all, Blur is to encourage risk-taking Liquidity Provider, and he hopes that this situation can be improved.

Brother Maji: Blur Liquidity is fake

Machi big brother Huang Licheng (@machibigbrother), who once strongly supported Blur and later gave up Blur, complained about the related points problem a while ago ( review Huang Licheng's complaint ).

He responded to ETH 's statement that Blur has no real Liquidity and dries up the ecosystem. People who know the inside can get most of the points, and there is no risk. Blur is basically the same as being hacked.

Brother Maji: Blur liquidity is fake

Blur is still in the big publicity, saying that there will be a major announcement

After Blur made these complaints public, it announced on the official Twitter at 3 am on 6/3 that Blur TVL has reached a ATH: 160 million US dollars, and announced that there will be major news. Netizens believe that Blur's TVL growth is due to the launch of the NFT lending agreement Blend. ( Review the NFT perpetual loan agreement Blend )

However, the price of the currency did not fluctuate violently. It was not until nearly six o'clock in the afternoon that there was an increase of more than 5%. The media in the currency circle simultaneously publicized the news of this increase.

Blurred

OKX Coin Price Line Chart
OKX Coin Price Line Chart

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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