Blast Network Announces Community Claim within the Blast Token Airdrop

As a seasoned crypto investor with several years of experience in the market, I’m always on the lookout for promising projects that offer potential returns and innovative solutions. The Blast network’s recent announcement about its upcoming airdrop has piqued my interest.

As a crypto investor excited about the Ethereum (ETH) ecosystem, I’m thrilled to share that the Blast network, an innovative L2 solution offering native yields, has recently made an exciting announcement for its community. In the upcoming 30 days, we’ll have the opportunity to claim our $BLAST tokens as part of their airdrop program!

To begin with, Arcade Research unveils the Blast App for the public, enabling them to securely claim their allotted Phase 1 airdrop allocation.

As a researcher, I would explain it this way: Once we’ve made our claim, community members can continue to receive Phase 2 rewards via the app. In the span of four months, we’ll activate the complete wallet functionality.

— Blast (@Blast_L2) June 26, 2024

In the initial stage of the Blast network’s airdrop, a total of 17 billion BLAST tokens will be disseminated. Around 7 percent of these tokens, equating to around 1.19 billion tokens, will be assigned to individuals who contributed to the network by facilitating the transfer of Ether and its native stablecoin USDB for liquidity purposes.

The Blast network has allocated 50 percent of the total 100 billion supply to the community, with more airdrops set to take place in the  next three years. The core contributors of the Blast network received a whopping 25.5 percent of the total supply. Meanwhile, the Blast Foundation and early investors received a total of 8 percent and 16.5 percent of the total tokens supply.

As a crypto investor, I’m excited to be part of the growing Blast network community on Ethereum, which has expanded into a thriving layer-two ecosystem. With a total value locked of over $2 billion, this is an impressive achievement. I’m also pleased to learn that there are now more than 1.5 million users and over 200 decentralized applications (dApps) registered on the network.

As a analyst, I’ve observed some noteworthy trends in the stablecoin market. specifically, Blast network’s USDB coins rank fifth in terms of usage and fourth in terms of holdings worldwide. Despite being an EVM-compatible chain, Blast network significantly depends on its native decentralized applications (DApps). Leading this pack are Thruster DEX, Juice Finance, Hyperlock Finance, Ring Protocol, and others.

Other Major Airdrops

According to a previous report by Coinspeaker, Notcoin (NOT), a meme project on Telegram, gave away a total of 11.5 million tokens to its community members. Impressively, more than 90% of the NOT’s entire token supply was allocated for in-game mining, launch pools, and trading activities. The Notcoin project has since grown into a midcap altcoin with approximately $1.6 billion in market capitalization and an average daily trading volume exceeding $600 million.

As a crypto investor, I’m excited about the recent announcement from the LayerZero team regarding their token distribution. Specifically, they revealed that an impressive 38.3% of the total 1 billion supply will go to community members through an airdrop. On the other hand, 32.2% is earmarked for strategic partners, which will be unlocked over the next three years. Lastly, core contributors will receive 25.5% of the tokens, but they’ll have to wait for three years before these tokens become accessible.

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2024-06-26 17:54