On June 26, Layer2 new chain Blast finally announced its token economic model after a month of delay. Following LayerZero and ZKsync, the "Top Three Airdrops" drama in the first half of 2024 has come to an end. As one of the most anticipated airdrop and coin issuance projects by users, after the launch of Blast's token economics and airdrop plan, many whale users were dissatisfied because large users were forced to lock up their positions and had to reach a certain level in the later stage before they could gradually unlock the airdrop shares, and the airdrop allocated to the NFT platform Blur was far lower than that of Blast.

BlockBeats compiled and compiled according to Blast official documents to explain Blast's token economics and airdrop allocation method for everyone.

Blast Introduction

Blast is a Layer2 network based on Optimistic Rollup. It was launched by Pacman, the founder of NFT market Blur, and participated in by investment institutions such as Paradigm and Standard Crypto. The total financing is 20 million US dollars. The main network was launched in March this year.

Blast has attracted many users and developers to participate by providing incentives such as points, gold coins, airdrops and income. According to official data, as of press time, the total locked volume of the Blast network exceeded US$3 billion, the total locked volume of Dapp exceeded US$2 billion, the number of user addresses exceeded 1.5 million, and more than 200 Dapps have been launched. Calculated by the total locked volume of Dapp and the transaction volume of decentralized exchanges, Blast has become the sixth largest public chain; calculated by fee payment, Blast is among the top five public chains.

Blast Token Economics

Total supply is 100 billion, 50% will be airdropped to the community

· Community – 50,000,000,000 (50%)

Blast owes its success to the community of users and builders who contribute to the ecosystem. 50% of the total BLAST supply is reserved for the community and will be distributed through incentive campaigns. 100% of this allocation will go directly to the community. The community allocation unlocks linearly over 3 years from the date of the TGE, and any allocations will be based on a schedule determined by the Blast Foundation.

· Core Contributors – 25,480,226,842 (25.5%)

All tokens allocated to Core Contributors have a 4-year lockup period, with 25% of Core Contributor tokens unlocking 1 year after the TGE date, followed by a linear monthly vesting over the next 3 years.

· Investors – 16,519,773,158 (16.5%)

All tokens allocated to Investors have a 4-year lockup period, with 25% of Investor tokens unlocking 1 year after the TGE date, followed by a linear monthly vesting over the next 3 years.

· Blast Foundation – 8,000,000,000 (8%)

The Foundation allocation will be reserved for critical infrastructure and further development of the Blast ecosystem. Foundation allocation unlocks linearly over 4 years from the date of the TGE.

Blast Phase 1 Airdrop: 17% of Total Supply

· Blast Points – 7,000,000,000 (7%)

Users who connected ETH or USDB to Blast bootstrapped the initial liquidity of the Blast ecosystem and earned Blast Points in Phase 1. These users will be rewarded with 7% of the total BLAST supply.

· Blast Gold – 7,000,000,000 (7%)

Users who contribute to the success of the Dapp will receive Blast Gold and will be rewarded with 7% of the total BLAST supply.

· Large-holder airdrops will vest linearly

The top 0.1% of users (about 1,000 wallets) will vest part of the airdrop linearly over 6 months. Based on the first phase of activities, vesting requires reaching the monthly points threshold.

According to the Blast official website page, the top user @beijingduck2023 has a total of about 281.2 billion points and 1.22 million gold points.

· Blur Foundation – 3,000,000,000 (3%)

The Blur Foundation will receive 3% of the total BLAST supply to be distributed to the Blur community for retroactive and future airdrops. 1% will be distributed to Blur traders and BLUR holders in Season 3 (0.5% each), 0.5% has been reserved for Blur traders in Season 4, 0.5% will be reserved for future use, and the remaining 1% has been reserved for BLUR holders in Season 4.

When to claim the airdrop

According to the official announcement, the Blast Foundation will airdrop BLAST to the community at 22:00 on June 26.

Listing Status

Upbit, a South Korean crypto exchange, will list Blast (BLAST), supporting KRW, BTC and USDT trading pairs;

Bitget will list Blast (BLAST) in the Innovation Zone and Layer 2 Zone. The deposit channel is now open, and the trading channel will be open at 23:00 (UTC+8) on June 26;

Gate will list BLAST / USDT trading at 3:00 pm (UTC) on June 26;

Bybit will list Blast (BLAST) at 3 pm (UTC) on June 26. Deposits and withdrawals will be made through Blast Network;

Bithumb has added Blast (BLAST) Korean Won market trading. Deposits will start at 6:00 pm local time on June 26; withdrawals and transactions will be opened at 00:00 on June 27.

Who is the market maker?

According to ai_9684xtpa, Amber Group may be the only market maker for BLAST. It received 220 million tokens transferred by the project party 4 hours ago and then distributed them to 3 addresses. Its receiving address 0x584 has received 0.149 ETH from Amber's cross-chain to the Blast network as a mining fee four hours ago. Amber Group is also the market maker for the popular tokens ENA, ETHFI, and AEVO in this round.

BLAST Price Prediction

@Olimpiocrypto, a crypto KOL focusing on DeFi and mining projects, compared the FDV and current prices of several Layer2s and made a simple estimate of the Blast price:

If Blast outperforms all other Layer2s with 10 billion FDV, the BLAST token price will be $0.10;

If Blast has the same FDV as the current largest Layer2 Arbitrum, the BLAST token price will be $0.083;

If Blast has the same FDV as the second-ranked Optimism, the BLAST token price will be $0.076.

Current OTC Price

The price of OTC BLAST points can be viewed on Whale Market. As of press time, it is temporarily reported at $0.035. According to the editor, the current OTC gold point is 1 point = 4-5 U.

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