Airdrop is coming soon, take a look at Blast’s token economic model

Compiled by: Deng Tong, Golden Finance Source: Blast, Golden Finance On June 26, 2024, Blast announced token economics. The total supply of BLAST is 100 billion, 50% will be airdropped to the distinguished community, and the initial airdrop volume is 17 billion. Golden Finance compiles detailed information on Blast token economics for the benefit of readers. 1. Introduction to Blast Blast is a Layer 2 blockchain where users can earn income by bridging assets. It provides incentives such as points, gold coins, airdrops and profits to attract users and developers to participate. There are many mining opportunities in the Blast ecosystem, such as Ambient, Juice, Synfutures, nftperp, and Munchables, etc. Blast is developed by Pacman and supported by Paradigm with the goal of generating native revenue for L2. When we deposit tokens into L2, we actually host the corresponding tokens in the smart contract corresponding to L2 on L1. These are idle tokens and are not used to earn revenue. Blast recommends converting ETH and stored stablecoins into stETH and DAI respectively, earning income from staking rewards and vaults. 2. Blast Token Economic Model 1. Community – 50,000,000,000 (50%) Blast’s success is attributed to the users and builders who contribute to the ecosystemDearcommunity. 50% of the total BLAST supply is reserved for the community and will be distributed through incentive campaigns. 100% of this allocation will go directly to the community. Community distribution is unlocked linearly within 3 years from the date of TGE, and any distribution will be carried out according to the schedule determined by the Blast Foundation. 2. Core Contributors – 25,480,226,842 (25.5%) All tokens allocated to Core Contributors have a 4-year lock-up period, with 25% of Core Contributor tokens unlocked 1 year after the TGE date, followed by the following Unlocked linearly every month for 3 years. 3. Investors – 16,519,773,158 (16.5%) All tokens allocated to investors have a 4-year lock-up period, with 25% of investor tokens unlocked 1 year after the TGE date and subsequently within the next 3 years Monthly linear unlocks. 4. Blast Foundation – 8,000,000,000 (8%) of the Foundation’s grant will be reserved for critical infrastructure and further development of the Blast ecosystem. Foundation allocations are unlocked linearly within 4 years from the date of TGE.

3. Blast Phase 1 Airdrop 17,000,000,000 (17%) Plan Details 1. BlastPoints – 7,000,000,000 (7%) Users who connect ETH or USDB to Blast guided the initial liquidity of the Blast ecosystem and launched the first phase of airdrop Blast points earned. These users will receive a

generous reward of 7% of the total BLAST supply. 2. BlastGold – 7,000,000,000 (7%) Users who contribute to the success of the Dapp will receive BlastGold and will be rewarded with 7% of the total BLAST supply. 3. The top 0.1% of vested users (approximately 1,000 wallets) will evenly vest part of the airdrop within 6 months. Based on the first phase of activity, vesting is subject to monthly points thresholds. 4. Blur Foundation – 3,000,000,000 (3%) The Blur Foundation will receive 3% of the total BLAST supply for distribution to the Blur community for retroactive and future airdrops.

4. Blast development status and prospects

According to data disclosed by TokenTerminal, the number of monthly active users of L2 Network Blast and the stablecoin USDB supply have increased
two times in the past 90 days, with user growth mainly driven by Blur, Promoted by Thruster, Spacebar, YOLOGames, etc. Blast ecological stablecoin USDB is the fifth stablecoin in the world in terms of transaction volume, all of which comes from on-chain DEX transaction volume. According to the latest data from Coingecko, the market value of USDC is approximately 4USD, and the circulating supply is 41,060,466,311. Blast has a strong focus on crypto users and crypto builders. Bringing the two together creates an explosivegrowing ecosystem. The Blast ecosystem is a super powerfuleconomy with breakthrough DAPPs. Blast is unique in providing new building blocks for builders: local revenue and gas revenue sharing. By integrating with Lido and MakerDAO on the backend, Blast offers 4% and 5% APY on ETH and stablecoins, respectively, anywhere on the chain. As a result, Blast has a higher percentage of native dapps than any EVM chain (including L1 and L2).

Blast has mastered the intricacies of cryptocurrency and is inclined to explore new forms of it. Blast is particularly well-suited for SocialFi projects, i.e. projects looking to build at the intersection of social networking and DeFi, some of which have recently emerged on Blast. FantasyTop, a competition in which users "pick" teams of their favorite cryptocurrency characters to compete in tournaments based on rankings such as Twitter engagement, is set to launch on its mainnet after announcing an airdrop. EarlyFans, a SocialFi platform that further tokenizes the relationship between content creators and their audiences with speculative advantages, has just launched in beta ahead of its upcoming airdrop. DistrictOne makes money through money games that feature sharing, investing, and jackpots, catering to communities and influencers looking to expand and leverage their influence. Blast has the opportunity to become an essential DeFi hub.

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