BlueMove Coin Review : Is It Good Or Bad Coin Read Our Article

About BlueMove Coin

BlueMove Coin doesn’t charge a platform fee for private sales, it’s possible to have zero fee trading if a collection’s royalty is also set to 0%. If private sales also generated trading rewards, this could potentially result in large amounts of inauthentic trading volume on the BlueMove platform, from people wanting to game the rewards system.

All collections now generate trading rewards. No minimum volume required – you earn MOVE every time your buy or sell an NFT on BlueMove, from any collection! The previous day’s collected protocol trading fees are earned by MOVE stakers as rewards. Reward rates are adjusted roughly every 24 hours, based on the past 24 hours’ trading activity.

BlueMove Coin Point Table

Token Usage

Staking Incentives

The main purpose of the MOVE token is to reward users who are staking MOVE. Stakers are rewarded the transaction fees from the NFT marketplace. Users are able to collect network fees in $MOVE or $APT/$SUI, and rewards and paid out daily. Similarly, buyers and sellers are rewarded with $MOVE if their NFT is sold on BlueMove. In addition, staking participants also have the opportunity to receive NFTs from BlueMove partners.

On-chain Governance

Users may stake MOVE to gain voting power and participate in the governance process to change product parameters.

Free-mint/Whitelist Pool

Holders who have staked $MOVE will be able to join the launchpad of Free-mint projects and participate in the Whitelist Pool of other projects launchpad on BlueMove.

Product development

MOVE revenue from transaction fees will be partially used for future product development and ecosystem growth.

Unique membership rights

Users will gain tiered benefits on the platform, enjoy retroactive incentives from BlueMove, and have privileges when joining BlueMove products/ services or participating in events from strategic partners.

Understanding $MOVE

What is the purpose of $MOVE?

The main purposes of the BlueMove token are to incentivize listing and trading NFT users on the BlueMove platform as well as get as many users involved as possible in the governance of the protocol. Currently MOVE has three main uses: free-mint/whitelist mint, staking and boosting. Those three things will require you to vote lock your MOVE and acquire iMOVE.

Listing Rewards

BlueMove’s Listing Rewards program enables NFT collectors and traders to earn MOVE tokens just by listing NFTs for sale on BlueMove.

What are the criteria for listings to earn $MOVE?​​

Users will receive Listing Reward every day for all items that they have listed for sale on BlueMove that meet these criteria:

• The listed NFT is from one of the Listing Leaderboard
• The listing is an active and executable order
• Listings must be live for a minimum of 24 hours in order to start accumulating $MOVE
• Listings must not expire within 1 hour of each snapshot in order to qualify for that snapshot

When are $MOVE counted and distributed?​

Users receive $MOVE token every day for listings that meet the criteria above. Each day’s $MOVE will start being counted from 0:00 AM (UTC) and run for 144 snapshots every 10 minutes until 0:00 AM (UTC) the next day.

Why Choose BlueMove Coin?

Trading Rewards Work

Users who trade any NFTs on BlueMove earn trading rewards in the form of MOVE, BlueMove’s platform token. Both the buyer and seller of an item earn rewards for their trading volume (except for private sales). Trading rewards are calculated daily and rewarded to users at 0:00 AM (UTC). Please also note that only trading volume resulting from orders created by the BlueMove Marketplace is included in the daily trading reward calculation.

Any trades matched from custom orders created by private client libraries, or other unofficial marketplaces, are treated as outside of the BlueMove Marketplace and are not eligible for trading rewards. For trades made via NFT market aggregators, contact your aggregator to ask about trading rewards.

Wash Trading​

The trading rewards system has been designed and iterated upon to heavily dissuade users from trading for the sole purpose of farming MOVE rewards. Each trade on BlueMove (except for private sales) incurs a platform fee of 2%, and typically a royalty fee of between 5-10%. The total MOVE rewards for trading each day are also fixed, and distributed based on traders’ contribution to total trading volume, meaning that there’s no guarantee of the amount of rewards that anyone trying to farm the token can generate in a day.

Stake $MOVE, Earn $MOVE​

Starting on the 09th of April 2023, 100% of all trading fees are distributed to iMOVE holders. Collected fees will be used to buy $MOVE and distribute them to iMOVE holders. This currently represents over $2M in trading volume over 4 months. iMOVE stands for vote escrowed $MOVE, they are $MOVE vote locked in the BlueMove DAO. In addition to receiving $MOVE from transaction fees, when you stake $MOVE you will also receive a certain amount of $MOVE corresponding to the time and number of $MOVE you lock.

Where Can You Buy BlueMove Coin?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On PancakeSwap (V2), As It Has The Highest APT/MOVE. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include APT/MOVE And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

BlueMove Coin Supported Wallet

Several Browser And Mobile App Based Wallets Support BlueMove Coin. Here Is Example Of Wallet Which BlueMove Coin – Trust Wallet For Hardware Ledger Nano.

FAQ Of BlueMove Coin