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. BLASTThe total supply is 100 billion, 50% will be airdropped to the community, and the initial airdrop volume is 17 billion. Golden Financeorganizes Blastdetailed information on token economics for 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. BlastThere are many mining opportunities in the 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 to stETH and DAI respectively to earn income from staking rewards and vaults.

II. BlastToken Economic Model

1. Community – 50,000,000,000 (50%)

Blast’s success is due to the community of users and builders who contribute to the ecosystem. BLAST50% of the total supply is reserved for the community and will be distributed through incentive campaigns. 100% of this allocation will go directly to the community. Community allocation is unlocked linearly within 3 years from the date of TGE, and any allocation 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, It then unlocks linearly every month for the next 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, followed by Unlocks linearly every month for the next 3 years.

4. BlastFoundation – 8,000,000,000 (8%)

Foundation grants will be reserved for critical infrastructure and further development of the Blastecosystem. Foundation allocations are unlocked linearly within 4 years from the date of TGE.

3. Blast Phase 1 Airdrop 17 Billion (17%) Plan Details
1. Blast Points – 7 Billion (7%) Users who connected ETH or USDB to Blast guided the initial launch of the Blast ecosystem Liquidity and earned Blast points in the first stage. These users will be rewarded with 7% of the total BLAST supply.
2.BlastGold – 7 Billion (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 be airdropped linearly within 6 months. Based on the first phase of activity, vesting is subject to monthly points thresholds.
4. Blur Foundation – 3 Billion (3%) The Blur Foundation will receive 3% of the total BLAST supply for distribution to the Blur community for retroactive and future airdrops.

4. BlastDevelopment status and prospects
According to data disclosed by TokenTerminal, the number of monthly active users of L2 network Blast and the supply of stable currency USDB have both increased by 2 times in the past 90 days, with user growth Mainly promoted by Blur, Thruster, Spacebar, YOLOGames, etc. BlastEcological 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 US$405 million, and the circulating supply is 406,046,631 pieces. Blasthighly focuses on crypto users and crypto builders. Bringing the two together creates an explosivegrowing ecosystem. BlastThe ecosystem is a super-powerful economy with breakthrough DAPPs.

Blast is unique in providing builders with innovative building blocks: Native Revenue and Gas Revenue Sharing. By integrating with Lido and MakerDAO on the backend, Blast offers up to 4% and 5% annualized returns for 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 suitable for SocialFi projects, i.e. those 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 "select" teams of their favorite cryptocurrency characters based on rankings such as Twitter engagement to participate in tournaments, is about to go live on the mainnet after launching an airdrop announcement. 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 featuring sharing, investing and jackpots, catering to communities and influencers looking to expand and leverage their influence. Blast has the opportunity to become an indispensable DeFi hub.

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