PANews reported on June 26 that according to the official blog, Blur announced the launch of the Season 4 rewards and loyalty program, which is powered by Fullstack Chain Blast. 500,000,000 BLAST have been allocated to Season 4. Season 4 will end in June 2025 (a total of 12 months). Regarding Blur points, users can earn points by bidding, placing orders, and borrowing on BLUR.io. Bidding and placing order points apply to all collections and are issued at the same rate, while lending points only apply to collections supported by the Blend protocol. The issuance rate of lending points is half that of bidding and listing points. In addition, there is a rolling 24-hour leaderboard that provides different boosts for the top 100 players in points within 24 hours, up to 2.5 times.
Regarding bidding points, points are rewarded for bidding on collections based on the collection's 24-hour trading volume. In a collection bidding, the bids that take the highest "risk" will receive the vast majority of points. The longer the bid is valid, the more points you will receive; after the bid is accepted, you will stop receiving points. Some collectibles are eligible for feature bidding points, but most bidding points are allocated to collectible bidding. Users can reuse ETH from the bidding pool across collectibles, so the strategy to get the highest points is to bid in active collections with bids closest to the floor price. This does not necessarily require a large amount of ETH, as users can bid on active collectibles with lower floor prices. Points are only rewarded for active bidding.
Regarding order points, order points are not visible to prevent cheating the system. The more orders you place, the more points you earn. Regarding lending points, users can earn lending points by making loan offers using ETH in the Blur pool. This means that users can earn both bidding points and lending points using the same ETH in the pool. There are two factors that determine how many points a loan offer earns, namely the maximum borrowing amount and APY (the lower the better).
In addition, regarding holder points, 1 billion BLAST will be distributed to BLUR holders in Season 4. However, the BLUR community must keep the tokens directly in their wallets for future governance proposals. Therefore, the holder contract will be deprecated and holders will immediately receive an additional 1 billion BLAST allocation in the Season 3 airdrop claim.
