One of the summer’s most anticipated crypto airdrops, from Layer-2 Blast, is set for June 26.
One of the summer’s most anticipated crypto airdrops, from Layer-2 Blast, is set for June 26. Crypto holders who use Blast, the Ethereum layer-2 scaling network developed by the creators of the incentivized NFT marketplace Blur, stand to receive substantial portions of the initial 17 billion BLAST tokens being distributed.
The allocation for this airdrop has been meticulously calculated based on the number of Blast Points users have accumulated. A significant 50% of the initial airdrop will be reserved for users of decentralized applications (dapps) within the Blast ecosystem. These tokens will be distributed through various dapps that have received Blast Gold and passed it on to their users.
The total supply of BLAST tokens is 100 billion. Out of this, 25.5% is allocated to core contributors, 16.5% to investors, 8% to the Blast Foundation, and 50% for community initiatives, including the initial airdrop.
The "Phase One" airdrop will distribute 17 billion BLAST tokens, equaling 17% of the total supply. Specifically, 7 billion tokens will go to Blast Points holders, another 7 billion to Blast Gold holders, and 3 billion to the Blur Foundation, which supports Blast’s NFT marketplace predecessor. These funds will be used for both retroactive and future airdrops.
If users have held any amount of ETH, WETH, or Blast’s native stablecoin USDB on the Blast network since its mainnet launch in February, they have earned Blast Points. Users can check their Blast Points balance on their dashboard. ETH and WETH balances earn a consistently proportional amount of Blast Points for each transaction block, while USDB balances earn a variable amount of points that fluctuate with the price of ETH.
For Blast Gold, the team has selectively distributed it to certain apps in the Blast ecosystem that have shown promise. Blast encouraged these dapps to pass accumulated Gold to their users, and many have complied. Blast Gold holders are set to receive their share of 7 billion BLAST tokens tomorrow. Notable recipients like the meme coin community Pacmoon and the SocialFi gaming experiment Fantasy Top have passed this allocation onto their users.
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