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Organization: Deng Tong, Bitchain Vision; Source: BLAST, Bitchain Vision Realm
On June 26, 2024, Blast announced token economics.The total supply of BLAST is 100 billion pieces, and 50%will be airdropped to the community with a initial airog of 17 billion.Bitchain’s view of BLAST tokens is compiled to readers to readers.
1. BLAST profile
Blast is a Layer 2 blockchain that users can earn benefits through bridge assets.It provides incentive measures such as points, gold coins, airdrops and income to attract users and developers to participate.There are many mining opportunities in the BLAST ecosystem, such as Ambient, JUICE, SYNFUTUTURS, NFTPERP, and Munchables.
Blast was developed by Pacman and was supported by Paradigm. The goal was to create native revenue for L2.When we deposit tokens into L2, we actually put the corresponding token custody on the smart contract corresponding to L2 on L1.These are idle tokens and are not used to earn benefits.BLAST recommends converting ETH and storage stable coins into STETH and DAIs, respectively, and earn benefits from pledge rewards and vaults.
2. BLAST token economic model
1. Community -50,000,000,000,000 (50%)
The success of BLAST is due to the user and the builder community who contribute to the ecosystem.50% of Blast’s total supply is retained to the community and will be allocated through incentive activities.The 100% distribution will directly enter the community.The community allocation unlocks linearly within 3 years from the date of TGE, and any allocation will be based on the timetable determined by the BLAST Foundation.
2. Core contributor -25,480,226,842 (25.5%)
All tokens assigned to core contributors have a 4 -year lock period, of which 25% of the core contributors are unlocked after one year of the TGE date, and then unlocked linearly in the next three years.
3. Investor -16,519,773,158 (16.5%)
All tokens assigned to investors have a 4 -year lock period, of which 25% of the investor tokens unlocked one year after the TGE date, and then linearly unlocked in the next 3 years.
4.Blast Foundation – 8,000,000,000,000 (8%)
Foundation’s funding will be retained for key infrastructure and further developing the BLAST ecosystem.Foundation is distributed to linearly unlock within 4 years from the date of TGE.
Third, BLAST first stage airdrop 17,000,000,000 (17%) Plan Details details
1.Blast Points – 7,000,000,000 (7%)
The users of ETH or USDB to Blast guide the initial liquidity of the Blast ecosystem and get BLAST points in the first stage.These users will get 7% of the BLAST total supply.
2.Blast Gold – 7,000,000,000 (7%)
Users who contribute to the success of DAPP will receive Blast Gold and will receive a reward of 7% of Blast.
3. belonging
The top 0.1% of users (about 1,000 wallets) will be part of the airdrops within 6 months.According to the first stage of activities, the ownership needs to reach the monthly points threshold.
4. Blur Foundation – 3,000,000,000,000 (3%)
The Blur Foundation will receive 3%of the total supply of Blast, which is used to distribute it to the Blur community for traceability and future airdrops.
4. BLAST development status and prospects for prospects
According to the disclosure of Token Terminal, the L2 network BLAST has doubled the number of monthly living users and stable currency USDB in the past 90 days. Among them, user growth is mainly promoted by Blur, Thruster, Spacebar, Yolo Games, etc.Blast ecological stabilization currency USDB is the fifth stablecoin of global transaction volume, all of which come from the DEX transaction volume on the chain.According to the latest data of Coingecko, the market value of USDC is about 405 million US dollars, and the circulation supply is 406,046,631.
BLAST highly focuses on encrypted users and encrypted builders.Combining the two together form an explosive growth ecosystem.Blast ecosystem is a superb economy with breakthrough DAPP.
The uniqueness of Blast is that it provides builders with a new module: local income and GAS revenue sharing.By integrated with LIDO and MakerDao at the back end, BLAST provides 4% and 5% annualized income for ETH and stable coins, which are available at any position on the chain.Therefore, BLAST has a higher percentage of native DAPP than any EVM chain (including L1 and L2).
Blast is proficient in the complexity of cryptocurrencies and tends to explore its new forms.
BLAST is particularly suitable for SocialFi projects, that is, those who want to build on social networks and DEFI intersections, some of which have recently emerged on BLAST.
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Fantasy Top is a team of “selection” of their favorite cryptocurrency characters based on Twitter’s participation and other rankings to participate in the championship competition. After the launch of the airdrop statement, the main network is about to be launched.
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Earlyfans is a SocialFi platform. It further has the relationship between the content creator and its audience through speculative advantages. It just launched the Beta version before the upcoming airdrop.
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DistricTone makes money by sharing, investing, and cumulative bonuses, catering to the needs of the community and influential people to expand and use their influence.
Blast has the opportunity to become an indispensable DEFI center.
