Blur exposed for manipulating ranking points, Buddy Brother: Blur's liquidity is fake, Blu claims to have a major announcement

NFT community Proof Research Director NFTstatistics.eth @punk9059 questioned the scoring system of the NFT trading platform Blur on Twitter, stating that the bidding to earn points system on Blur is unfair. Huang Licheng, a former strong supporter who later abandoned Blur, also came forward to agree, stating that Blur is no different from being hacked.

Blur Exposed for Manipulating Ranking System: Unfair Practices

On Blur, the more bidding activity one engages in to provide liquidity to the trading market, the more points one can earn, hence receiving airdrops of the Blur platform token, BLUR. However, it seems that the top-ranked addresses have found ways to accumulate points without actually engaging in significant bidding activities.

Third Place Holder Hasn't Purchased NFT for Six Days

Using wallet address 8BC110 as an example, owned by NFTstatistics.eth and ranked third in points, this wallet earns nearly 3000 bidding points daily, yet has not bought any NFT for 6 days.

How is this possible? NFTstatistics.eth mentioned that the wallet in third place achieved this through the use of bots.

Since a seller can only sell 60 NFT at a time, when the wallet detects someone selling NFT, its bots can remove the bid. As each block can only accommodate 180 sales transactions, even if multiple wallets' bots collaborate in selling activities, the depth of bids will not exceed 181.

Second Place Holder Hasn't Purchased NFT for 17 Hours

Similarly, another wallet, CBBOFE, owned by NFTstatistics.eth and ranked second in points, earns 4200 bidding points daily but has not purchased any NFT for 17 hours.

NFTstatistics.eth emphasized that depths exceeding 180 bids are likely unrealistic.

Using Bots to Avoid Violations, Yet Unfair

NFTstatistics.eth believes that these individuals have not violated any rules since bidders are merely adjusting their strategies before NFT transactions occur, rather than engaging in front-running MEV strategies. However, since Blur aims to encourage risk-taking liquidity providers, they hope this situation can be improved.

Machibigbrother: Blur Liquidity is Fake

Machibigbrother, Huang Licheng, who initially supported but later abandoned Blur, previously complained about similar point-related issues. He responded to NFTstatistics.eth's statement, claiming that Blur lacks real liquidity, leading to the depletion of its ecosystem. Insiders can obtain the majority of points without taking any risks. Essentially, Blur is no different from being hacked.

Blur Continues Extensive Marketing, Teases Major Announcement

After these complaints surfaced, Blur announced on its official Twitter account at 3:00 AM on June 3rd that its Blur TVL has reached a historic high of $160 million and hinted at a significant announcement. Netizens speculate that Blur's TVL growth is due to the launch of the NFT lending protocol, Blend. Review of NFT Sustainable Lending Protocol, Blend

However, the coin price did not fluctuate significantly until nearly 6:00 PM, with a rise of over 5%; cryptocurrency media outlets concurrently reported this price surge.