On June 26, the second-tier Blast network will distribute 17 billion BLAST tokens (17% of the total issue) as part of the first phase of the airdrop.
IT’S TIME FOR $BLAST
The Blast Foundation will airdrop BLAST to the community tomorrow, June 26 at 10AM EST, 10PM HKT, 4PM CET.
Q2 highlights and tokenomics below 👇 pic.twitter.com/iH1SxCQ6uN
Of this amount, 7 billion tokens will go to holders of Blast Points, which are earned for providing initial liquidity in the form of ETH or USDB.
The other 7 billion BLAST will be distributed to users rewarded with Blast Gold for interacting with decentralized applications on the network.
The Blur Foundation will receive 3 billion coins for subsequent distribution among the community of the NFT marketplace Blur, including through airdrops.
A six-month vesting period is provided for 0.1% of the top users (~1000 wallets). The distributed coins will be transferred in installments depending on the activity points for the month.
According to the published tokenomics, out of the total issue of 100 billion BLAST, 50% are intended to be transferred to the community through incentive campaigns. The main developers will receive 25.5%, while investors and the Blast Foundation will receive 16.5% and 8%, respectively.
Data: Blast.The Blast project was launched in November 2023 by the founder of Blur under the pseudonym Pacman. Initially, the protocol did not even have a test network and offered users to deposit coins to receive a passive return of 4-5% across the bridge.
Recall that the developers launched the Blast mainnet in February 2024.