Cryptocurrency Q&A
What is the blur fee?
What is the blur fee?
CharmedSun
Thu Jun 27 2024
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7 answers
1239
Excuse me, I've been hearing a lot about this concept called the "blur fee" in the cryptocurrency world, but I'm not entirely sure what it entails. Could you please explain in simple terms what a blur fee is? I understand it's related to transactions, but I'm not clear on how it works or why it's significant. Does it apply to all cryptocurrencies or just certain ones? Is it a fixed amount or does it vary based on transaction size? I'd appreciate any clarification you can provide on this matter.
7 answers
OceanSoul
Sat Jun 29 2024
This fee is not merely a revenue source for the company.
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Chiara
Sat Jun 29 2024
The remaining portion of the fee is used for burning BLUR tokens.
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ZenMind
Sat Jun 29 2024
Instead, it serves a dual purpose within the ecosystem.
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Stefano
Sat Jun 29 2024
Part of the fee collected is used for daily buyback of BLUR tokens.
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Valentina
Sat Jun 29 2024
Blur implements a unique fee system in its operations.
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