Blast Announces June 26 Airdrop with Increased Token Allocation

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Ethereum Layer-2 network, Blast, has officially announced that it will conduct its much-anticipated airdrop on June 26th. The announcement was made through a post on Blast’s social media account on X, where the team also mentioned an increase in the airdrop distribution share due to a slight delay from the initially planned date in May.

Background and Delayed Launch

Blast, an Ethereum Layer-2 scaling solution founded by Tieshun Roquerre, the creator of the NFT marketplace Blur, has been making waves in the crypto community. Initially scheduled for May, the airdrop has been postponed to June 26. The Blast team acknowledged the delay in their statement:

“We know this is past our initial estimate of May and we’re sorry for the delay. The airdrop allocation will be increased to account for this.”

This announcement has been well-received as it compensates participants for the delay by increasing the airdrop allocation.

Airdrop and Token AllocationTthe airdrop will involve the distribution of BLAST tokens. The allocation strategy is designed to reward both developers and early users who have supported the network:

Developers’ Share: Half of the total token allocation will be distributed to developers through Blast Gold points. These points are specifically awarded to creators of decentralized apps (dApps) on the Blast network. The aim is to incentivize development and promote the growth of the ecosystem. Developers can then distribute these points to their users, ensuring active participation and engagement.

Early Users’ Share: The remaining half of the tokens will go to early adopters, including those who bridged funds to the network before the mainnet launch at the end of February. Users had collectively bridged over $2.3 billion worth of cryptocurrency in hopes of earning points for the airdrop.

15 M Blast Gold Points Distribution

In addition to the upcoming airdrop, Blast has initiated its third Blast Gold Points distribution event. In this event, 15 million points have been allocated to various dApps on the platform. Blast Gold points function similarly to airdrop points but are targeted specifically at dApp developers to ensure continuous growth and user engagement. Developers are required to allocate all received points to their users. For example, Fantasy Top, a famous NFT game about cryptocurrency X influencers, has already been allocated. Then comes Blast’s native decentralized exchange, Thruster Finance.

Funding and Growth

Blast’s operations began in November in an early access mode, following a substantial $20 million investment from Paradigm, Standard Crypto, and other backers. The platform’s total value locked (TVL) now exceeds $2.3 billion, highlighting its rapid growth and the strong support it has garnered from the community and investors. 

Although behind schedule, Ethereum’s layer-2 Blast token airdrop will benefit token holders and establish the groundwork for future incentive-based user involvement.