Layer-2 network Blast has finally announced the highly anticipated airdrop details.
According to a post on social media, Blast Foundation, the protocol’s governing body, will distribute 17 billion tokens as part of the first stage airdrop on Wednesday, June 26.
This is 7 percent of 17 billion, ETH or will go to users who help increase the liquidity of the protocol by bridging the middle of Blast’s stablecoin USDB. According to Blast’s tokenomic report, users who earn Blast Gold by participating in decentralized applications will receive an additional 7 percent of the first airdrop, with the last 3 percent going to the Blur Foundation “to distribute to the Blur community for both retroactive and future airdrops.” will go.
More than 17 billion BLASTs will be distributed
blast, NFT The marketplace was created by Tieshun Roquerre, who is also the founder of Blur. Blast’s emphasis in this process is on creating a local yield model for Ethereum and stablecoins. The platform’s mainnet was launched on February 29. According to crypto data platform DeFiLlama, Blast’s total value is locked at over $1.67 billion.
The company shared details about the airdrop on June 26. The protocol has allocated 50 percent of the total supply of 100 billion tokens to the community, and additional community airdrops are planned over the next three years. According to the Tokenomics report, core contributors will receive 25.5 percent of the token supply, while investors and Blast Foundation will receive 16.5 percent and 8 percent, respectively.
With the announcement of information about the airdrop, platform users naturally became excited. But some users do not seem to have much hope due to the lack of recent airdrops.