After several months of anticipation, Blast has announced that it will conduct its token airdrop on June 26th. Users of the Ethereum scaling solution, including those who use the disruptive Blur NFT marketplace, are set to receive their share of the over 15 billion BLAST tokens.
According to Blast’s latest announcement, the token allocation is based on the number of points each user has earned since the airdrop was announced earlier this year. It is worth pointing out that 50% of the tokens to be airdropped have been allocated for users of Blast-based decentralized applications (Dapps). However, the Dapp must have the Blast Gold badge for its users to receive BLAST tokens.
Who Receives BLAST?
The BLAST tokenomics show that the total supply has been capped at 100 billion tokens. Of the figure, 25% has been set aside for Blast core contributors, investors will receive 16.5%, Blast Foundation will get 8.5%, and 50% has been allocated for community initiatives.
As mentioned earlier, the Blast team has aside 15 billion tokens, or about 17.1% of the total supply for today’s airdrop. Of that figure, 12 billion tokens will be airdropped to users with Blast points and those who have been using Blast Gold-rated decentralized apps. Meanwhile, the Blur Foundation will receive three billion tokens to support various initiatives, including future token airdrops.
Who’s Eligible for Airdrop Through Blast Points?
Have you been holding WETH, ETH, or USDB (Blast’s stablecoin) on the Blast blockchain since its launch in February? If so, it is likely that you have accumulated some Blast Points, making you eligible for today’s BLAST airdrop. You can check how many Blast Points you have collected on Blast.io.
One of the many benefits of holding funds on Blast is native yield. Your WETH and ETH balances earn a 4% yield, while USDB balances attract a 5% yield, which both have produced some Blast Points as well.
Besides holding funds on Blast, users earned more Blast Points by onboarding their friends to the Blast network through invitation links. Users who invited friends received 16% of the Blast Points earned by their invitees. Also, when those friends bridged funds to the Blast network and earned points, inviters got 8% of the Blast Points.
Finally, Blast users who used WETH, USDB, and ETH on Blast Dapps earned Blast Points and are eligible for the token airdrop. Furthermore, those who staked their funds on specific promoted decentralized apps earned Points Multipliers, which boosted their Blast Points.
That said, users who accumulated more points are set to receive a bigger share of the Blast tokens to be airdropped today.
Who’s Eligible for Airdrop Through Blast Gold?
Since February, the Blast team has been identifying Dapps that align with the long-term vision of the network and awarding them a Blast Gold badge. Some of the factors considered for a Dapp to receive the badge include design quality and the number of users.
Dapps with the Blast Gold badge have received millions of BLAST tokens, which are to be fairly airdropped to users. Several Blast Gold-rated decentralized apps have received BLAST tokens, including the Pacmoon meme coin community and the Fantasy Top gaming platform.
It is important to mention that Dapps will airdrop tokens based on the number of points accumulated by users while using the platforms. Also, those who have been holding the native tokens of the decentralized applications have received more points and are set to get more BLAST tokens.
Meanwhile, there is a growing expectation that the BLAST token airdrop will create millionaires today, considering that the Blast team, which is also behind NFT marketplace Blur, has distributed free tokens worth millions to NFT traders in the past. For example, one NFT trader received BLUR tokens worth $12 million in 2023 for simply trading on Blur. However, the Blur team has been accused several times of promoting wash trading to attract users.
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