Ethereum

Blast

Future

Status

<p style="text-align: justify"><strong>BLUR</strong> token experienced an impressive 100% increase last week after being listed on <a href="https://en.coin-turk.com/forget-it-all-senior-analyst-clarifies-crypto-decline-what-next/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, the leading cryptocurrency exchange. While the crypto community celebrated the rise with excitement, concerns about BLUR being a pyramid scheme emerged. The founder of BLUR has made a statement regarding this issue.</p>
<h2 style="text-align: justify" id="statements-from-the-founder-of-blur">Statements from the Founder of BLUR</h2>
<p style="text-align: justify">Packman, the founder of BLUR, addressed the circulating rumors and misunderstandings through <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">social media</a>. A common narrative implies that Blast operates as a pyramid scheme due to its attractive returns.</p>
<p style="text-align: justify">Packman explains that the returns from Blast are derived from Lido and MakerDAO. The return from Lido is generated from <a href="https://en.coin-turk.com/crypto-market-recovers-bitcoin-soars-and-altcoins-choose-directions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> staking, an important element of Ethereum’s Proof-of-Stake consensus. On the other hand, the return from MakerDAO comes from on-chain T-Bonds, which are U.S. government debt obligations.</p>
<p style="text-align: justify">Packman states that the seemingly incredible returns are a result of Blast making it the default for all users, effectively democratizing higher returns.</p>
<h2 style="text-align: justify" id="paradigm-s-role-in-blast-s-launch">Paradigm’s Role in Blast’s Launch</h2>
<p style="text-align: justify">Packman firmly denies any involvement of Paradigm in Blast’s launch strategy. He emphasizes that Paradigm’s expertise is highly regarded but they do not provide consultancy in these matters.</p>
<p><img decoding="async" class="wp-image-280863 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/blur-cointurk.jpg" alt="" width="1200" height="675"></p>
<p style="text-align: justify">In response to the circulating FUD about Blast’s invitation rewards, Packman explains that the invitation system is not new and is a well-established concept. Highlighting the community’s important role in Blast’s success, Packman states that the invitation rewards exist to recognize users who contribute to the platform’s growth and align with the goal of creating the highest-yielding Layer-2 (L2).</p>
<h2 style="text-align: justify" id="current-status-and-future-speculations-of-blur">Current Status and Future Speculations of BLUR</h2>
<p style="text-align: justify">As of the latest update, BLUR is trading at $0.63 with a market cap of $691 million. Notably, there has been a significant accumulation of BLUR by whales, fueling expectations that the token price could potentially reach $1.</p>
<p style="text-align: justify">In conclusion, the recent success of BLUR has been well-received. However, along with success comes scrutiny. Packman’s statements aim to address concerns and position BLUR as a promising player in the evolving crypto landscape by providing a transparent perspective on its mechanisms.</p> Continue Reading: <a href="https://en.coin-turk.com/blur-token-rising-star-in-the-altcoin-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/blur-token-rising-star-in-the-altcoin-market/</a>

BLUR Token: Rising Star in the Altcoin Market

Table of Contents

COINTURK NEWS

Other articles published on Nov 25, 2023

Dogecoin Price Prediction, Can DOGE Hit $0.01 In The Next 6 Months? Some Experts Think So

Web 3 & AI Professionals Choose Dubai as New Home, But Why?

Can Richard Teng Help Binance Survive in 2024 and Beyond? Experts Discuss

Bitfarms Secures $44m From US Investors To Boost Bitcoin Mining Operations

Celestia (TIA): Soaring to New Heights in the Crypto World

Record of Ragnarok Continues to Thrill

Join our free newsletter for daily crypto updates!