The Blast airdrop is coming, who will get the 17 billion tokens?

Author: TrendX On June 26, the long-awaited Blast airdrop is finally coming. Prior to this, Upbit exchange had announced the launch of Blast token trading. These news undoubtedly injected a boost into the secondary market price of Blast. After the Blast airdrop went online, the airdrop arrived as scheduled, and as 22:00 on June 26th arrived on time, along with Tieshun’s speech, the Blast airdrop arrived as scheduled. It is still unclear the specific correlation between the points and the token airdrop. However, based on the fact that the author has obtained 50,000 BLAST tokens with about 2.3 million points (ranked 55,000+ in the entire network), users with the highest ranking of about 23 billion points in the entire network can probably obtain 50 million tokens, based on the initial issuance price of US$0.03 Come to think of it, about $1.5 million.

Blast market maker allocation and exchange launch

1. Blast has allocated 220 million BLAST for exchange market making.

2. Allocation of 6 market makers:

   • Wintermute: 80 million pieces
   • ManifoldTrading: 50 million pieces
   • GSRMarkets: 30 million pieces
   • AurosGlobal: 20 million pieces
   • AmberGroup: 20 Millions
   • FlowTraders: 20 million pieces

Airdrop situation and controversy

1. During the airdrop distribution, some users encountered fraudulent phishing websites and suffered heavy losses.
2. Blast officially reminds users to be wary of fake accounts and scams.
3. Some users complained about insufficient airdrop returns and thought Blast was a scam.
4. TimCopeland, editor-in-chief of TheBlock, said that there were problems during the airdrop application process and you may have been cheated.

Market Performance and Other Developments

1. Blast performed strongly after TGE. After the airdrop started, its FDV exceeded US$2.6 billion and reached a maximum of US$2.9 billion.
2. Coinbase announced that it will list Blast.
3. Upbit and Coinbase both endorse Blast.
4. Twelve hours after the airdrop opened, more than 2.5 million users completed the claim, and 12.4 billion tokens were claimed, accounting for 88.63% of the total.

   

   Blast introduction and token economy

Blast is a Layer 2 blockchain that earns income by bridging assets. It provides incentives (points, coins, airdrops, revenue) to attract users and developers.

The Blast ecosystem offers a wealth of mining opportunities:

1. Ambient
2. Juice
3. Synfutures
4. Nftperp
5. Munchables

Developed by Pacman and supported by Paradigm, Blast aims to create Layer 2 native yields.

When depositing tokens into Layer 2, the corresponding tokens are hosted in the smart contract, idle and unable to obtain income. Blast recommends converting ETH and stablecoins to stETH and DAI respectively to receive staking rewards and treasury earnings.

Blast’s token economics

is divided into four major categories:

1. Community: 50,000,000,000 (50%)

   • is allocated to the community through incentive activities.
   • Linear unlock within 3 years.

2. Core Contributors: 25,480,226,842 (25.5%)

   • 4-year lock-in period.
   • 25% unlocked after 1 year, and linearly unlocked every month thereafter.

3. Investors: 16,519,773,158 (16.5%)

   • 4-year lock-in period.
   • 25% unlocked after 1 year, and linearly unlocked every month thereafter.

4. Blast Foundation: 8,000,000,000 (8%)

   • Reserved for the development of the Blast ecosystem.
   • Linear unlock within 4 years.

Blast Airdrop Rules

In the official Q2 report, the details of the first round of airdrops were disclosed. This round of airdrop will allocate 17% of the total BLAST supply (17 billion pieces) to users. The composition of 17% includes:

1. Blast Points 7%
2. Blast Gold Points 7%
3. Blur Foundation 3%

The specific details are as follows:

• Blast points: 7,000,000,000 (7%). Users who connect ETH or USDB to Blast bootstrap the initial liquidity of the Blast ecosystem and earn Blast Points during the first phase. These users will be rewarded with 7% of the total BLAST supply.
• Blast Gold Points: 7,000,000,000 (7%). Users who contribute to the success of the Dapp will receive Blast gold points and will be rewarded with 7% of the total BLAST supply.
• Vesting: The top 0.1% of users (approximately 1000 wallets) will receive a linear vesting portion of the airdrop within 6 months. Based on the first phase of activity, vesting is subject to monthly points thresholds.
• 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.

Generally speaking, Blast’s current score is relatively curly. Assuming that 17 billion tokens are evenly distributed at US$0.03 before the market opens, in the most ideal situation, each user can receive an airdrop of about US$300. However, if the point weight is included, users with low points can obtain even more value. Low.

Price Forecast and Market Analysis

Before the opening, professionals and institutions made the following predictions for the Blast price:

• WhalesMarket The lowest price of pending orders in the pre-market market: 0.0297 US dollars
• The latest price of transaction history orders: close to 0.03 USD

is based on the total amount of BLAST 100 billion and the initial allocation of 17 billion, corresponding to an FDV of 3 billion US dollars and a circulating market value of 510 million US dollars.

Other Layer2 project circulation market value reference:

• ARB: 2.7 billion US dollars
• OP: 2 billion US dollars
• STRK: 950 million US dollars
• ZK: 630 million US dollars

According to L2BEAT data, the TVL of Blast Lower than Arbitrum and Optimism, but higher than ZKsync and Starknet, slightly underpriced. However, considering the reduced market recognition of Layer2 tokens, the current price and circulating market value are still within a reasonable valuation range.

BLAST’s Market Prospects and Potential Analysis

BLAST’s market prospects and potential are affected by the following factors:

• Layer2 solutions are increasingly important in the blockchain industry, improving scalability and performance, and reducing transaction costs. BLAST Being one of them may benefit from industry growth.
• BLAST’s token economics values ​​the community and contributors, and 50% of the tokens are allocated to the community, which is conducive to attracting and retaining users and developers, and building an active ecosystem.

Challenges facing the market:

• Layer2 project competition is fierce, and projects such as Arbitrum and Optimism are constantly optimizing technology and ecosystem. BLAST requires continuous efforts to stand out in terms of technological innovation and ecological construction.
• Market recognition and acceptance of Layer2 tokens affects BLAST market performance. Although current valuations are reasonable, market sentiment and investor confidence may fluctuate. BLAST Market confidence needs to be enhanced.

Future development and strategies

To succeed in the Layer2 market, BLAST needs to formulate and implement the following strategies:

• Technological innovation: optimize technology, improve transaction speed and security, and explore integration with other blockchain projects interoperability.
• Ecosystem construction: Cooperate with more Dapps to expand application scenarios and encourage developers to build innovative applications.
• Community participation: Strengthen interaction, listen to feedback, and enhance participation and belonging through incentive mechanisms and governance.
• Market promotion: Increase promotion efforts, enhance the popularity and influence of the token, and cooperate with mainstream exchanges and media.
• Governance Transparency: Ensure transparent and fair governance, enhance trust, and regularly release project progress and financial reports.

Summary

Blast The airdrop has attracted attention, and its token economics and market prospects are highly anticipated. Despite the challenges, BLAST is expected to succeed in the Layer 2 market through strategies such as technological innovation, ecological construction and community participation. As more users and developers join, its future development potential is worth looking forward to.

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