On June 26, the Blast second-tier network development team completed the first phase of the BLAST token airdrop. The start of the second season of the campaign has been announced.
$BLAST is now LIVE
You have 30 days to claim your Phase 1 airdrop👇
Phase 2 now begins: Enter the Fullstack Chain.
Our mission is to UNBANK THE BANKED.
Join us and earn Native Yield + BLAST in Phase 2! pic.twitter.com/tU1Tsqpkbp
The coin stamp opened at 17:00 (Kiev/Moscow). An hour later, trading began on exchanges such as Bybit, Gate.io , Uniswap v3 (Blast network), KuCoin, Bitfinex.
Data: CoinGecko.At the time of writing, BLAST is trading around $0.021. The market capitalization of the coin is ~$377 million (176th place in the CoinGecko rating) with an FDV of ~$2.2 billion.
A total of 17 billion tokens (17% of the total issue) were distributed as part of the campaign. Of this amount, 7 billion tokens went to the holders of Blast Points earned for providing initial liquidity in the form of ETH or USDB stablecoin.
The other 7 billion BLAST are distributed among users rewarded with Blast Gold for interacting with decentralized applications on the network.
3 billion coins are intended by the Blur Foundation for subsequent distribution among the community of the NFT marketplace Blur, including through airdrops.
How do I get a "drop"?
To brand tokens, ecosystem participants should go to the distribution page and wait for the completion of a ~ 2-minute video about some of the project's features.
Data: Blast.io .Then a sign will appear with the amount of coins to be received and an offer to make a tweet before the stamp.
Data: Blast.io .After that, you will need to scan the QR code and install the Blast application.
Data: Blast.io .Before sending tokens to the wallet, you will need to enter four words in the empty fields from the phone.
Users have 30 days to brand the coins of the first phase of the airdrop.
Ecosystem growth
The project team boasted that in just four months, the Blast community has reached 1 million users. This, according to the developers, is "the fastest growth in the history of cryptocurrencies."
In only 4 months, the Blast community has grown to over 1 million strong, and Blast is already the 6th largest onchain economy across ALL chains by Dapp TVL, Dex Volume, and Fees Paid. pic.twitter.com/F2J7NuArse
— Blast (@Blast_L2) June 26, 2024In terms of blocked value (TVL), the Blast ecosystem is in sixth place in the DeFi Llama rating with an indicator of $1.58 billion.
Data: DeFi Llama.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.