Prepare to BLAST off! π The highly anticipated Blast Layer-2 network has announced the tokenomics of their native token, BLAST. With a total supply of 100B tokens, 50% will be reserved for the community, including a 17% portion that will be distributed to early participants for its initial airdrop. Out of the 17B tokens airdropped, 14B tokens will be equally distributed between Blast Points and Blast Gold holders. The remaining 3B will be given to the Blur NFT marketplace's governing entity, the Blur Foundation, and distributed to Blur users through future airdrops. Following a similar structure to Ethena's airdrop, the top 0.1% of Blast users, which consist of approximately 1000 addresses, will have half of their airdrop vested linearly over 6 months. However, these users will have to maintain a monthly point threshold to be eligible to unlock their vested tokens, with further information to be released after BLAST goes live. Editor's Note: The launch of BLAST will finally mark the end of a 7-month-long points farming campaign that started all the way back in 2023, and there are plenty of funds just waiting to move to the next potential airdrop. While we expect the TVL of Blast to drop significantly after today, it's still anybody's guess as to how the BLAST token will perform once trading goes live. Given how the latest airdrops have performed recently, the odds are certainly stacked against the success of BLAST, but we will just have to wait and see. |
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