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Blast token launch is tomorrow – here’s everything you need to know
After months of waiting, one of the biggest crypto gifts of the summer: the Explosive airdrop– will land tomorrow, June 26, at 10:00 sharp.
Cryptocurrency holders using Gust-THE Ethereum Level 2 scalability network from the creators of disruptive, incentivized NFTs market Blur—will be able to earn large chunks of the 17 billion BLAST tokens that will make up the network’s initial airdrop. These users’ airdrop allocations were determined by the number of Blast Points they earned.
But 50% of Blast’s initial airdrop was specifically targeted at decentralized app users (dapps) in the Blast ecosystem. These tokens will be distributed via numerous dapp who received Blast Gold and passed that gold on to dapp users.
Here’s a handy breakdown of who’s eligible for tomorrow’s airdrop.
Who gets BLAST?
BLAST will have a total token supply of 100 billion. Of this, 25.5% of the supply will go to the network’s main contributors, 16.5% will go to the network’s investors, 8% will go to the Blast Foundation which supports the network and 50% has been set aside for network initiatives. community, including this initial airdrop.
The “Phase One” Blast airdrop will consist of 17 billion BLAST tokens, or 17% of the total BLAST token supply. Of these, 7 billion tokens will go to Blast Points holders, 7 billion will go to Blast Gold holders, and 3 billion tokens will go to the Blur Foundation, which supports Blast’s NFT marketplace predecessor and will reportedly use the funds for retroactive and future launches. .
Who can use Blast Points?
If you’ve held any amount of ETH, WETH, or Blast’s native USDB stablecoin on the Blast network since the main network launched in February, you’ve already accumulated a certain amount of Blast Points. Users can check the Explosion Points balance on their control Panel.
ETH and WETH balances on Blast earn a consistently proportional amount of Blast Points for each block of Blast transactions. USDB balances earn a variable amount of points that fluctuates with the price of ETH. The USDB to ETH conversion rate for points updates every time you send or receive more USDB.
One of Blast’s key features is native yield for users who keep their funds on the network. As user funds accumulate interest (approximately 4% for ETH and WETH and 5% for USDB), that interest will also yield proportional gains of Blast Points.
Blast users can also increase their Blast Points by inviting friends to hold funds on the network. Users will earn the equivalent of 16% of all points earned by friends you invite to Blast. When friends of those friends join together and start transferring money to the network, you will earn the equivalent of 8% of the points those users accumulate.
Finally, users can also earn Blast Points via dapps on Blast. When you transfer ETH, WETH, or USDB to a Blast dapp, that dapp starts earning points based on your contribution to its total value locked (TVL). Such dapps should later return your earned points to you. You can check in the Blast dashboard if this is the case.
Blast users who have transacted with certain promoted dapps in recent months should also have won point multipliers, which increase both your point balance and the speed at which you earn additional points.
All in all, the more Blast Points users have accumulated, the more of the 7 billion BLAST tokens point holders can expect to receive tomorrow.
Who is eligible through Blast Gold?
Over the past few months, the Blast team has selectively distributed Blast Gold to a few apps in the Blast ecosystem that have gained traction. These assignments were manual and subjective, determined by factors including a dapp’s perceived long-term alignment with Blast, its design quality, and how it integrated Blast’s point scheme into its structure.
Blast encouraged these dapps to return 100% of their accumulated gold to their users. Many have done it. Tomorrow, Blast Gold holders will receive approximately 7 billion BLAST tokens, as many as have been set aside for users with Blast Points.
Since then on five occasions MarchBlast has distributed million gold tokens to dapps in its ecosystem based on different criteria. Many of these dapps are now rich in gold, including the meme coin community Pacmoon and the SocialFi gaming experiment Fancy topthey have spread this wealth to their users.
Blast users who have accumulated Blast Gold will receive airdrops tomorrow in proportion to the amount of gold they owned as of this morning at 8:00 AM EST. There is currently much less Blast Gold in circulation than Blast Points, so Blast Gold whales can expect to receive a good portion of tomorrow’s BLAST airdrop.