Azuro (AZUR) Price

AZUR is the ERC-20 token of the Azuro ecosystem; Azuro itself is a protocol that provides underlying capabilities for prediction-market applications, rather than a prediction outcome or a single frontend application. The protocol uses an automated market maker (AMM) and a concentrated liquidity pool to support market pricing and liquidity arrangements, enabling applications to provide prediction-market services on top of the protocol.

AZUR has a total supply of 1 billion tokens and an initial circulating supply of 152 million tokens. Total supply refers to the predetermined total token amount; initial circulating supply is the portion that was unlocked at the token generation event and able to circulate in the market, so the two should not be treated as the same number. Whether and when more transferable tokens enter circulation depends on the lockup and vesting progress of each allocation category.

AZUR is allocated to ecosystem and community incentives, the DAO treasury, investors, and core contributors, but the rules for entering circulation differ. Ecosystem and community incentives account for 37.5% of the total supply, of which 92 million tokens unlock at the token generation event; the remainder includes a 3% Azuro Score airdrop vesting linearly over 6 months, and 25.3% locked for 6 months before unlocking linearly over the following 42 months. In the DAO treasury, 60 million tokens are available at the token generation event, while another 75 million tokens are locked for 6 months and then vest linearly over 30 months. Investors are locked for 6 to 9 months, then vest linearly by block over 24 to 30 months; core contributors are locked for one year, then vest linearly by block over 30 months. Therefore, an allocation percentage itself is not equivalent to circulating supply at a given point in time; unlock conditions and schedules determine when tokens may become tradable.

After staking AZUR, users receive stAZUR, a liquid staking token representing that staking position. The amount of stAZUR is not a counter that displays rewards transaction by transaction: according to the official description, incentives improve the stAZUR-to-AZUR redemption rate, so the same amount of stAZUR may correspond to more AZUR after the exchange rate increases. This means that “how much stAZUR is held” and “how much AZUR each unit of stAZUR can currently be redeemed for” should be distinguished. The former represents position units, while the latter reflects the effect of accumulated incentives on redemption value; they do not necessarily increase in sync.

pAZUR is an ERC-721 NFT minted based on locked stAZUR; it is not an ordinary balance of AZUR or stAZUR. After a user selects this path in the interface, AZUR is first converted into stAZUR, the stAZUR is then locked for two years, and a pAZUR is minted to record that locked position. The current address holding pAZUR may participate in on-chain protocol revenue distributions denominated in USDT according to the share of stAZUR locked by that NFT. Distributions come from revenue generated by actual protocol activity and are calculated in proportion to the locked share of active pAZUR; they are not new AZUR issuance and carry no fixed annualized yield or guarantee of future revenue.

After obtaining pAZUR, the underlying stAZUR cannot be unlocked early during the fixed two-year lockup period, so that portion of stAZUR cannot be redeemed before maturity; this differs from accumulated USDT revenue, which can be claimed by the current NFT holder after it has accumulated. pAZUR can be transferred. What is transferred is the NFT and its associated economic rights: the right to claim subsequent revenue follows the NFT to the new holder rather than remaining with the original holder. Therefore, transferring pAZUR does not mean unlocking the underlying stAZUR early; the lockup end date remains determined by the time parameters when the NFT's lock was established.