BLAST

1. Community airdrop: 50%
. Initial airdrop: 17 billion
2. Core Contributors: 25.5%
. There is a 4-year lock-up period, the first 25% will be unlocked 1 year after TGE, and then unlocked monthly
3. Investors: 16.5%
. There is a 4-year lock-up period, the first 25% will be unlocked 1 year after TGE, and then unlocked linearly every month for the next 3 years
(This long-term lock-up measure is indeed conducive to maintaining ecological stability and preventing tokens from circulating too quickly and causing drastic price fluctuations.)
4. Blast Foundation: 8%
. As reserve funds for ecological development, unlocked linearly within 4 years from TGE date
(This slow unlocking helps the foundation to stably support the development of the ecosystem and avoid the impact of a large amount of tokens flowing in at one time)

There’s a lot at stake with Blast’s big airdrop tomorrow.
Almost...finally...it's here.
Ethereum’s Blast L2 is one of the more innovative protocols in terms of its incentive model to drive deposits and user activity. They have been very successful so far, allowing the network to accumulate over $2 billion in Total Value Locked (TVL), making it the second largest L2!
While Blast has become a giant in L2, its airdrop (scheduled for June 26) is imminent, and this highly anticipated event has raised undeniable concerns about the future of the network.
Today we’ll dive into what we know about the airdrop and reveal the dilemma Blast faces in its post-airdrop battle to retain existing users and their capital! 👇

Blast Network recently announced that the airdrop activity originally scheduled to be launched in May will be postponed to June 26. This change was decided by the Blast team after comprehensive consideration of project progress and market conditions. In order to make up for the inconvenience caused to community members by the postponement, Blast Network stated that it will increase the airdrop allocation and conduct two final Dapp Gold allocations before the airdrop.
Blast Network is a scaling solution based on Ethereum L2 layer, which aims to increase transaction speed and reduce costs while maintaining the security and decentralization of blockchain. Airdrop activities are one of the important means for Blast Network to promote its platform and attract users. Through airdrops, Blast Network plans to distribute its native tokens to community members for free to encourage users to participate in the construction and use of the network.

    

A new project has taken the Cryptoverse by storm. Ethereum Layer 2 Blast’s TVL is nearing $2 billion ahead of its mainnet launch and an upcoming Blast airdrop at the end of the month. Notably, commenters argue that the protocol – created by the BLUR team – already has an entire ecosystem ready to go.
Let’s dive deeper.
Blast TVL Skyrocketing
Blast was introduced on November 21.
Within 48 hours, the team said Blast TVL reached $230 million, with 37,131 users earning yield.
Moreover, that number hit $570 million within a single week.

By Friday morning (UTC), Blast’s TVL reached a whopping $1.841 billion.
Hence, given its current trajectory, it’s reasonable to expect it could hit $2 billion in a matter of days.
Source: defillama.com/protocol/blast
From Blur to Blast
Blast was created by the team behind the top NFT marketplace BLUR. More specifically, Tieshun Roquerre (aka Pacman) created both.
Blur has quickly risen as a competitor to OpenSea. Currently, it has $36.52 billion in total volume compared to OpenSea’s $9.03 billion, per DappRadar.
Meanwhile, the team members hail from FAANG, Yale, MIT, Nanyang Technological University, and Seoul National University. They have worked on major protocols in DeFi and Web3.
Moreover, Blast is backed by, among others, Paradigm and Standard Crypto, raising $20 million from them.

Given its background, it’s unsparing that many have high expectations from the project.
Earning Yield
Blast is described as the only Ethereum L2 with native yield for ETH and stablecoins.
The yield comes from ETH staking and Real World Asset (RWA) protocols. While the default interest rate on L2s is typically 0%, it’s 4% for ETH and 5% for stablecoins on Blast, says the website.
“Your balance on Blast compounds automatically,” the team noted.

Also, users who bridge stablecoins receive USDB, Blast’s auto-rebasing stablecoin. The yield for USDB comes from MakerDAO’s on-chain T-Bill protocol. It can be redeemed for USDC when bridging back to Ethereum.
The Blast mainnet launch is scheduled for February 2024, and points redemption for May 2024.
An Entire Ecosystem
“We are seeing the ecosystem being formed right under our noses,” collector MoonCat2878 wrote.
“One of the biggest perks of being a depositor (bridger) into BLAST, is the fact that all new protocols, MEME coins and so on will want to draw that $ 1.5 billion TVL towards them.”
Meme coins are a major point here. PUMP will be one of the most recognizable meme coins from day one, said the collector, arguing that it could become a $1 billion meme coin on BLAST.
Moreover, the PUMP team plans to airdrop 10% of the supply towards bridgers. “I am sure all of the others will follow them.”

Popular digital art collector Cozomo de’ Medici recently described Blast as “one of the biggest opportunities of 2024,” “an “almost free profit opportunity,” and possibly “one of the most profitable moves I’ve made.”
“Not only I will get Blast reward points – but airdrops and things from the projects building on top of it.”
Blast, he says, is going to be its own ecosystem “that has everything.” This includes DeFi, DEXes, NFTs, memecoins, and more.
Over 3,000 teams are already building on the protocol. Blast users will be getting airdrops from many of these as well.
At the same time, says the collector, “EVERYTHING is incentivized to yield and to bring back value to bridgers.”

Blast Airdrop Incoming – Are You Eligible?
At the end of November, the team announced that the invite-only Blast Early Access is live. Participants will be rewarded with Blast Points based on how much they bridge and whom they invite.
The Developer Airdrop launched in January with the Blast Testnet.
The Blast Community Airdrop is split between Early Access Members (50%) and Developers (50%).
Those who bridge ETH to Blast start earning points immediately. These go towards the Blast airdrop, which many analysts and commenters expect to be massive.
MoonCat2878 argued the number could be around $1.5 billion, writing:
“Honestly I would be surprised if BLAST wouldn’t launch at around $15-20 billion as an entire new L2 with huge names behind it, a lot of liquidity and so many things building on top of it ready to go.”
While the airdrop amount is unknown, MoonCat2878 opined that “20% would be fair,” and 10% would be the lowest: 5% for users and developers each.
At a $15 billion valuation, the collector said, it would equate to $1.5 billion in airdrop.
Notably, Blur distributed the 5th largest airdrop in Ethereum history.
Developers Flocking to Blast
Developers seem to find Blast attractive. This indicates a future expansion of the Blast ecosystem.
The EVM-equivalent Blast said that yield enables new revenue streams and novel rewards for end-users.
“Yield as a primitive unlocks new business models for Dapps,” the website says. “Dapps can easily monetize deposits with a single config.”
Also, Blast gives 100% of revenue from gas fees back to developers.
Meanwhile, 146,579 users have deposited nearly $2 billion to Blast in anticipation of the mainnet launch. “When the Blast mainnet launches, the bridge contract will unlock and release all those users and funds to your dapps,” the website told developers.
Moreover, on January 16, the testnet went live, and with it the Big Bang Competition for developers building dapps on Blast long-term.

The deadline was February 16, and the team will announce the winners today. There were so many applicants (over 60 hours of submission videos) that the team decided to increase the number of winners per category and allocate more rewards.

“The LARGEST individual allocation of the Blast Airdrop to date will be distributed to winning teams,”  according to the team. The prizes are non-transferable.
All this said, while a project may sound attractive, understand that it comes with a set of risks and be sure to do your research.
#blast #btc #bnb #binance #eth

$CHERRY is the first native SocialFi on Blast's L2, rewarding users for participating in various tasks on Twitter. To start earning,
join Cherry On Blast.
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Steps to Participate in the Airdrop
1. Engage with Posts
You can earn $CHERRY by interacting with posts that mention "$CHERRY" or @CherryOnBlast. Here’s how:
Like: Earn 5 $CHERRY for each like ❤️.Comment: Earn 10 $CHERRY for each comment 💬.Retweet: Earn 15 $CHERRY for each retweet 🔁.
2. Refer Others
Referrals are the most lucrative way to earn $CHERRY. You will earn 200 $CHERRY for each person that signs up on the Cherry On Blast dashboard using your referral link. These referrals also act as multipliers, increasing your overall $CHERRY earnings. Invite your friends and maximize your rewards.
3. Claim Your $CHERRY
Users can claim their $CHERRY allocation upon the Token Generation Event (TGE).
4. Future Feature: Wheel of $CHERRY
In the near future, the Wheel of $CHERRY will be introduced, allowing users to use their earned $CHERRY in a PVP-type game where one winner takes all.
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