Blast Network, an Ethereum Layer-2 Solution, Will Commence Its Airdrop on June 26

The Ethereum layer-2 Blast network announced on June 25 that they would launch an airdrop for early users on June 26

Blastnetwork, an Ethereum layer-2 solution, will commence its airdrop on June 26, distributing 17% of the token supply to early users, Cointelegraph reported on June 25. Early users who bridged Ether (ETH) or US Dollar Blast (USDB) to the network will receive 7% of the entire supply, while 17% will be released in the airdrop. Three percent will go to the Blur Foundation to fund future airdrops for its community, and 7% will be distributed to those who "contributed to the success of DApps [decentralized applications]" on Blast.

Top 1,000 wallets to face six-month vesting for airdrop

According to an announcement that accompanied the news, the top 1,000 wallets in terms of points will "vest part of their airdrop linearly" for a period of six months. These accounts will not be able to sell all of their tokens during this time.

Those who have used or will utilize the Blur Foundation's platform, including traders and holders, will get the token awards that the foundation has promised to deliver. In Season 3, 1% will be distributed to holders and traders, in Season 4, 0.5% will be set aside for the same, and another 0.5% will be kept for future usage. Blur has not specified what would be done with the other 0.5%.

The tokens will be available for claim at 10 am ET (2 pm UTC), the social media post states.

Blastnetwork is the fourth largest Ethereum layer-2 network by total value locked (TVL), according to L2Beat, a blockchain analytics tool. Its TVL has risen to over $2.9 billion since launching in November.

Future phases of token distribution to follow

Blast reported that half of the Blast token supply will be released to the community in the future. Of that total, 17% will be issued in "Phase 1," which begins on June 26. Other phases, to be announced later, will allocate the remaining 33%.

Core contributors are receiving over a quarter of the supply (25.5%), investors 16.5%, and the Blast Foundation 8% to fund infrastructure projects and ecosystem growth. A four-year vesting period applies to core contributors, investors, and the foundation to release their tokens.

Some Blast users expressed 不满 with top 1,000 wallet holders being subjected to vesting. "Trying to be as unbiased as possible since I am top 500, but this is a spit on the face of people that brings liquidity[...] Top 0.1% wallets are subject to this, but how much TVL do they represent from the chain?" Olimpio, an airdrop hunter and X user commented. Despite this, Olimpio said that they were "excited to see how it goes."

When the airdrop for layer-2 network zkSync was released on June 17, over 491,000 wallets received their tokens.

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