Blast

Kinesis Gold

Gold

An Ethereum Layer 2 network, Blast, has announced its Phase 2 user rewards, allocating 10 billion tokens divided into Blast Points and Blast Gold following Phase 1’s distribution of 17 billion tokens last week.
According to the <a href="https://blog.blast.io/phase-2-users/" target="_blank" rel="noopener noreferrer nofollow">official announcement</a>, Phase 2 aims to boost mobile dApp development and incentivize users via the Blast App. Half of the second-phase rewards, or 5 billion Blast tokens, will be allocated to Blast Points. Users can earn these points based on their ETH, WETH, USDB, and BLAST balances.
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 The Blast Phase 2 guide for users is now live. Read the guide to understand how Phase 2 works in terms of Points, Gold, vesting, Golden Tickets, and more. Don't want to read or have more questions? Join our Community AMA in Discord tomorrow at 12PM ET <a href="https://t.co/LCPEnxX4HL" target="_blank" rel="noopener noreferrer nofollow">https://t.co/LCPEnxX4HL</a>— Blast (@Blast_L2) <a href="https://twitter.com/Blast_L2/status/1808240688582255092?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 2, 2024</a>
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The remaining 5 billion tokens will be set aside for Blast Gold, with dapps receiving Gold based on their performance on Blast’s mainnet and in future competitions, enhancing engagement and innovation in the ecosystem.
The Phase 2 airdrop will last for 12 months to support the development of the full-stack chain. Blast emphasized that building the initial infrastructure and supporting new dapps requires time.
Blast’s token price fell 11% in the past 24 hours to $0.019, with a circulating supply of 17.4 billion tokens, while <a href="https://defillama.com/chain/Blast" target="_blank" rel="noopener noreferrer nofollow">DefiLlama reported</a> its total locked value dropped to $1.35 billion from $2.3 billion since June 6.
The allocation of tokens in Blast’s Phase 2 underscores its strategic focus on fostering ecosystem growth and user participation in Ethereum’s Layer 2 space.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/06/27/blast-token-soars-20-airdrop-hype-fuels-2-billion-fdv/" target="_blank" rel="noopener noreferrer nofollow">Blast Token Soars 20%, Airdrop Hype Fuels $2 Billion FDV</a>
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Blast Announces Allocation of 10B Tokens for Phase 2 Rewards

The Crypto Times

Other articles published on Jul 3, 2024

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