Crypto Project Blast is Giving Away Free Tokens – What you Need to Know

The Blast network will hold an airdrop event for its early investors on June 26, according to a social media post.

Seventeen percent of the total offering will be distributed through this airdrop, with 7% going to users who have bridged from Etherium (ETH) or US Dollar Blast (USDB) to the network, 7% to those who have contributed to the success of decentralized applications (dApps) on Blast, and 3% to the Blur Foundation for future community airdrop events.

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

For wallets ranked in the top 1,000 spots by points, a portion of the airdrop will be made available linearly over six months, meaning they can’t sell all their tokens immediately.

The Blur Foundation plans to distribute its share to merchants and holders who have used or will use its platform, with 1% of the total supply going to Season 3, 0.5% to Season 4, and another 0.5% reserved for future use. No information has yet been provided for the remaining 0.5%.

The Blast Foundation allocated 3% of BLAST to the Blur Foundation.

1% will go to Blur traders and BLUR holders in Season 3 (0.5% each).

0.5% has been reserved for Blur traders in Season 4 (more details shared on June 26).

0.5% will be reserved for future use.

— Blur (@blur_io) June 25, 2024

The tokens will be available for claiming from 5pm EDT on June 26. According to blockchain analytics platform L2Beat, Blast is Ethereum’s fourth-largest second-layer network by total locked value (TVL), which has grown to over $2.9 billion since its launch in November.
Fifty percent of Blast’s token supply will eventually be distributed to the community, with 17% to be distributed in “Phase 1” starting June 26.

The remaining 33% will be distributed in later phases. Additionally, 25.5% of the offering is distributed to core contributors, 16.5% to investors, and 8% to the Blast Foundation, all of which will be acquired and unlocked over four years.

Alexander Stefanov