Blast’s token airdrop is today
The Blast airdrop is poised to make its grand entrance on June 26, at 10am ET on the dot.
Those engaged with Blast—a layer-2 Ethereum scaling solution brought to us by the minds behind the revolutionary, reward-driven NFT platform Blur—are in for a significant windfall. They are eligible for a substantial share of the 17 billion BLAST tokens designated for the network's opening airdrop, based on the Blast Points they have amassed.
50% of the initial Blast airdrop has been specifically reserved for participants of decentralized apps (dapps) within the Blast ecosystem. These tokens will be allocated through the various dapps that have been endowed with Blast Gold, which, in turn, is shared with their users.
A total of 100 billion BLAST tokens exist. From this pool, 25.5% are allocated to the network’s main contributors, 16.5% to investors, 8% to the supporting Blast Foundation, and 50% is earmarked for community-driven projects—including this airdrop.
The "Phase One" airdrop will distribute 17 billion BLAST tokens, equating to 17% of the total supply. Of this allocation, 7 billion tokens will be awarded to holders of Blast Points, another 7 billion will go to holders of Blast Gold, and 3 billion tokens are designated for the Blur Foundation to support future and retroactive airdrops for Blast’s NFT marketplace predecessor.
Anyone who has held ETH, WETH, or the Blast native stablecoin USDB on the network since its mainnet launch in February has begun accumulating Blast Points. Users can monitor their Blast Points balance via their dashboard.
Balances of ETH and WETH on Blast consistently earn Blast Points for each transaction block processed. Conversely, USDB holdings earn a varying number of points, fluctuating with ETH's pricing, with the USDB-to-ETH points conversion rate updating with any USDB transaction.
A key advantage of the Blast network is its intrinsic yield generation for users keeping funds within the network. Interest earned (approximately 4% for ETH/WETH and 5% for USDB) also contributes to an increase in Blast Points.
Moreover, Blast Points can be boosted by inviting friends to deposit funds on the network. You will receive an equivalent to 16% of the points your invited friends earn, and should your friends invite others, you’ll gain an equivalent to 8% of the ensuing points.
Engaging with dapps on Blast also accrues Blast Points. Transferring ETH, WETH, or USDB to a dapp on Blast contributes to its total value locked (TVL), earning you Points which the dapps can pass back to you.
Recent transactions with specific promoted dapps might also have awarded users with Points Multipliers, boosting both their points totals and the rate of point accumulation.
Ultimately, the more Blast Points a user has gathered, the larger the portion of the 7 billion BLAST tokens designated for point holders they will receive tomorrow.
In recent months, the Blast team has strategically granted Blast Gold to certain promising apps within its ecosystem. These allocations were subjectively made based on various criteria, like a dapp’s alignment with the Blast vision, design excellence, and the implementation of the Blast points system within its operations.
Blast has motivated these dapps to redistribute all accumulated Gold back to users, with many complying. As a result, holders of Blast Gold will be among those sharing the 7 billion BLAST tokens set aside, mirroring the allocation for Blast Points holders.
Since March, on five separate occasions, Blast has awarded millions of Gold tokens to its ecosystem dapps under different conditions. Several of these dapps, such as the meme coin community Pacmoon and the SocialFi gaming initiative Fantasy Top, have passed this value on to their participants.
Owners of Blast Gold as of this morning at 8 am EST will receive tomorrow’s airdrop in proportion to their Gold holdings. Given the limited circulation of Blast Gold compared to Blast Points, holders of significant Blast Gold can anticipate a sizable share of tomorrow's BLAST airdrop.
