As a seasoned crypto investor with several years of experience in the space, I’m always on the lookout for new opportunities that could potentially yield significant returns. The announcement of Blast’s token distribution event has certainly piqued my interest.
The Layer 2 network Blast has revealed plans for its upcoming token distribution event.
The Blast Foundation is set to begin the initial stage of their airdrop on June 26, at 10 a.m. Eastern Time (2 p.m. Coordinated Universal Time).
In the beginning, a total of 17 billion BLAST tokens will be distributed among different parties. Of this amount, 7% or approximately 1.19 billion tokens will be allocated to users who provided liquidity to the protocol by connecting Ethereum (ETH) or Blast’s stablecoin USDB.
Get ready for The Blast Foundation’s token distribution! Tomorrow, on June 26, at 10AM Eastern Standard Time (EST), 10PM Hong Kong Time (HKT), and 4PM Central European Summer Time (CEST), we will airdrop BLAST tokens to the community. Here are some key points from our Q2 highlights and tokenomics: [description of Q2 highlights and tokenomics]
— Blast (@Blast_L2) June 25, 2024
As a crypto investor, I’d say: In addition, 7% of the total rewards will go to those who have earned Blast Gold by engaging in the network’s decentralized applications. The Blur Foundation, which is linked to the popular NFT marketplace Blur, stands to receive 3% of the rewards to be distributed among its own community.
Among the entire circulating supply of 100 billion tokens, half, equating to 50 billion, is earmarked for community distribution over a three-year timeframe. Allocations during this period include rewards for core contributors (25.5 billion), investments (16.5 billion), and the Blast Foundation (8 billion).
The top 1,000 wallets based on points, as outlined in the tokenomics report, will receive partial airdrops that are vested linearly over a six-month period. Consequently, this could affect the immediate availability of these tokens for liquidation.
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2024-06-26 00:53