Blur

Allocation Structure & Vesting Schedule
BLUR’s tokenomics are heavily weighted toward institutional and internal stakeholders. Across the two primary data sources, the Treasury accounts for roughly half of the total supply (51 % ≈ 1.53 bn tokens per Tokenomist, versus a combined 50.0 % ≈ 1.53 bn tokens when aggregating the four Dropstab entries). The Team holds the second‑largest slice at ~29 % (≈ 870 m tokens) and Investors are allocated about 19 % (≈ 564 m tokens). Advisors receive a modest 1.2–1.3 % (≈ 36–37 m tokens). All allocations are subject to vesting. Treasury tokens are slated for a linear 12‑month vesting schedule, implying a steady monthly release from the launch date through the end of the first year. Team, Investors, and Advisors share a cliff‑based linear vesting over 48 months, with the cliff period unspecified but the full schedule extending into 2027. The Dropstab data provides explicit 12‑month linear terms for the Treasury and a 48‑month cliff‑linear schedule for the other categories, while Tokenomist adds that the Treasury’s linear vesting also stretches into 2027, indicating a possible staggered release beyond the initial year.

Upcoming Unlocks, Risks & Confidence
Assuming a mid‑2023 launch, the Treasury’s 12‑month linear vesting will conclude around mid‑2024, delivering roughly 12.75 m BLUR per month. The first tranche of Team and Investor tokens is expected to unlock after the 48‑month cliff, i.e., mid‑2027, after which the remaining balance will be released linearly over the subsequent four years. This creates a significant supply influx in 2027, posing downward price pressure if market demand does not keep pace. Additional risk factors include the concentration of over half the supply in the Treasury—any large discretionary sales or protocol‑level treasury rebalancing could amplify volatility. The medium confidence rating reflects inconsistent reporting between Dropstab and Tokenomist (e.g., differing Treasury percentages and ambiguous cliff periods) and the lack of publicly disclosed exact start dates for vesting. While the core allocation figures are corroborated, the variance in vesting timelines warrants caution when modeling future unlock impacts.