On June 26, the layer-two network Blast will distribute 17 billion BLAST tokens (17% of the total supply) in the first phase of its airdrop.
IT’S TIME FOR $BLAST
The Blast Foundation will airdrop BLAST to the community tomorrow, June 26 at 10AM EST, 10PM HKT, 4PM CET.
Q2 highlights and tokenomics below ? pic.twitter.com/iH1SxCQ6uN
— Blast (@Blast_L2) June 25, 2024
Of this amount, 7 billion tokens will be allocated to holders of Blast Points, earned by providing initial liquidity in the form of ETH or USDB.
Another 7 billion BLAST will be distributed among users rewarded with Blast Gold for interacting with decentralized applications on the network.
The Blur Foundation will receive 3 billion coins for further distribution among the NFT marketplace Blur community, including through airdrops.
The top 0.1% of users (approximately 1,000 wallets) will have a six-month vesting period. The distributed coins will be transferred in parts based on monthly activity points.
According to the published tokenomics, of the total supply of 100 billion BLAST, 50% is intended for community distribution through incentive campaigns. Core developers will receive 25.5%, while investors and the Blast Foundation will receive 16.5% and 8%, respectively.
The Blast project was launched in November 2023 by the founder of Blur under the pseudonym Pacman. Initially, the protocol lacked even a test network and offered users the opportunity to deposit coins for passive income of 4-5% through a bridge.
As reported, developers launched the Blast mainnet in February 2024.