Token

Blast

BlastOff

Yield

pending, pending, June 4th, 2024, Chainwire 
<a href="https://blastoff.zone/" rel="noopener noreferrer nofollow" target="_blank">BlastOff</a>, an innovative native Yield-based LaunchPad and Yield Aggregator on the Blast network, is set to list its native token, $OFF, following a successful Initial Dex Offering (IDO).
Key Achievements of BlastOff:
<ul>
 <li>Award-Winning Innovation: BlastOff's concept secured a runner-up position in the prestigious Blast Big Bang event, highlighting its innovative approach.</li>
 <li>Strong Testnet Performance: With $24 million in Total Value Locked (TVL) on the testnet, BlastOff demonstrated impressive user engagement, and the launch of more lucrative vaults on mainnet should see this performance be matched and hopefully surpassed.</li>
 <li>Solid Community Foundation: Over 100,000 engaged followers across various platforms showcase BlastOff's strong user base.</li>
 <li>Extensive Network: 36 strategic partnerships within DeFi provide BlastOff with crucial resources and expertise for growth.</li>
 <li>Sold-Out IDO:&nbsp;The IDO for $OFF achieved a complete sell-out, indicating substantial participation and confidence in the platform.</li>
</ul>
<h3 id="understanding-the-blast-network">Understanding the Blast Network</h3>
The foundation of BlastOff lies in the Blast network, an Ethereum Layer 2 (L2) solution that potentially leaps beyond traditional L2s by offering native yield and automatic compounding. Key features include:
<ul>
 <li>Auto Rebasing: Users benefit from compounded interest without manual intervention.</li>
 <li>L1 Staking: Adds extra yield on Blast's Layer 1.</li>
 <li>T-Bill Yield: Utilizes MakerDAO's T-Bill protocol to generate additional yield for USDB, Blast’s auto-rebasing stablecoin.</li>
</ul>
Revolutionising Initial Dex Offerings (IDOs) with Native Yield IDOs (YIDOs)
<img src="https://app.chainwire.org/storage/uploads/images/AD_4nXfuhhUrN6SQR8kryyAJImwLqISlu8FX2pOzru6jgFY8CO_17174479593SGtMCi0rv.jpeg">
BlastOff introduces Native Yield IDOs (YIDOs), a concept that aims for users to stake ETH or stablecoins with the potential to generate yield supporting new projects without direct capital investment. Benefits of YIDOs include:
<ul>
 <li>Potential for passive income generation</li>
 <li>Early access to new projects</li>
 <li>Portfolio diversification</li>
</ul>
YZone - Elevating Yield Generation
YZone, an innovative yield aggregator within the Blast ecosystem, aims to surpass Blast’s native yield through strategic execution in collaboration with Governance. Yield opportunities are categorized based on risk profiles. Users can find more details on the <a href="https://blastoff.zone/" rel="noopener noreferrer nofollow" target="_blank">website</a>.
Access Unrealised Yield with the Future Yield Minter Vault
The Future Yield Minter Vault allows users to stake ETH and mint up to 5 years’ yield initially, extendable to 10 years, integrating seamlessly with Blast’s DeFi ecosystem.
$OFF Token Utilities
The utilities associated with $OFF are crafted to share value with the most active and loyal participants of the BlastOff ecosystem. By staking $OFF, users amplify their Blast Force Score, unlocking various benefits across different aspects of the platform:
<ul>
 <li>YIDOs: Higher allocations for automatic participation.</li>
 <li>Native Blast Staking: Lower fees for yield generation.</li>
 <li>YZone: Potential for higher yields and lower fees.</li>
 <li>Governance:&nbsp;Influence over YZone Vaults and YIDO deal flow.</li>
 <li>Community Incentives: Actively participating users are rewarded with $OFF tokens, fostering community engagement and contribution.</li>
 <li>Treasury Revenue Share:&nbsp;Rewards for active participation.</li>
 <li>Yield Boost:&nbsp;Increased earnings in YZone.</li>
</ul>
Project Benefits:
<ul>
 <li>Fundraising potential: Projects that leverage the BlastOff platform and its engaged user base can raise more capital through YIDOs.</li>
 <li>Exposure to a wider audience: Launching on BlastOff allows projects to reach a broader audience.</li>
 <li>Streamlined fundraising process: BlastOff offers a user-friendly platform for projects to conduct their IDOs efficiently.</li>
</ul>
<h3 id="strong-team-and-token-information-strong">Team and Token Information</h3>
The BlastOff team consists of 8 veterans with extensive experience in Launchpad and DeFi integration. The team has been building and managing Launchpads since 2021.
BlastOff's native token, $OFF, is gearing up for its official listing on the following exchanges: Thruster, <a href="https://x.com/GateioLive/status/1797621010901893521" rel="noopener noreferrer nofollow" target="_blank">Gate</a> and <a href="https://x.com/MEXC_Official/status/1797857002699493677" rel="noopener noreferrer nofollow" target="_blank">MEXC</a>
<ul>
 <li>Token Ticker: $OFF</li>
 <li>Token Chain: Blast, Polygon</li>
 <li>Total Supply: 10,000,000</li>
 <li>Initial Mcap (excluding liquidity): $232,500</li>
 <li>Listing Date: 05 June 2024 at 10 a.m. UTC</li>
 <li>Listing Price: $0.4</li>
 <li>Market Makers: Trireme Trading</li>
</ul>
Users can follow BlastOff socials for updates:
<a href="https://blastoff.zone/" rel="noopener noreferrer nofollow" target="_blank">Website</a>&nbsp;<a href="https://twitter.com/blastozone" rel="noopener noreferrer nofollow" target="_blank">X(Twitter)</a>&nbsp;<a href="https://t.me/blastoffzone" rel="noopener noreferrer nofollow" target="_blank">Telegram</a>&nbsp;<a href="https://t.me/blastoffzoneANNs" rel="noopener noreferrer nofollow" target="_blank">Telegram ANN</a>&nbsp;<a href="https://discord.gg/blastoff" rel="noopener noreferrer nofollow" target="_blank">Discord</a>&nbsp;<a href="https://docs.blastoff.zone/" rel="noopener noreferrer nofollow" target="_blank">Gitbook</a>&nbsp;<a href="https://blastoffzone.substack.com" rel="noopener noreferrer nofollow" target="_blank">Blog</a> 
<h5>Contact</h5>BD &amp; Comms Oliver Mills BlastOff team@blastoff.zone 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

BlastOff Prepares for $OFF Token Listing Following Sold-Out IDO (4 Jun)

Table of Contents

Chainwire

Other articles published on Jun 4, 2024

Legal expert discusses how US political climate could redefine crypto regulations

Dogeverse and Polygon Investors Rush into the MoonBag Top Crypto Presale for Higher ROI along wit...

Tesla and VeChain Collaboration to Arrive on VeBetterDAO, Elon Musk Bullish on Sustainable Blockc...

Bitcoin ETFs Record $2.4 Billion Inflows in 3 Weeks

Cardano Founder Reacts to Cardano Security Sustainability Survey

Top 10 Low Cap Cryptocurrencies with 1000x Potential For 2024

Join our free newsletter for daily crypto updates!