The Layer-2 solution Blast recently announced the launch of its second airdrop program, which features a mechanism similar to the first round.
Blast, a Layer-2 platform on Ethereum, recently conducted a token distribution event (airdrop) last week. The total supply of the BLAST token is 100 billion, with half allocated to the community and the remaining distributed among investors, the project team, and the Blast Fund.
The first airdrop distributed 17% of the total BLAST supply to the community. The project has committed to using the remaining tokens for subsequent airdrops over the next three years.
Details of Blast’s Second Airdrop
As announced on July 2nd, Blast has initiated its second airdrop. The project continues to use the Blast Points and Blast Gold reward system to determine eligibility for participants:
Blast Points: Constitute 50% of the second airdrop (5 billion tokens).
Allocation based on users’ balances in ETH, WETH, USDB, and BLAST.
Calculation rate: 0.06504987 Points/Block/ETH.
Condition: Users must lock 80% of the asset value they participated with in the first airdrop to receive the full token amount.
Blast Gold: Constitute 50% of the second airdrop (5 billion tokens).
Allocated for using decentralized applications (dapps) on Blast.
Distributed in the first week of each month, differentiating between old and new dapps.
Requires dapps to fully distribute Blast Gold points to users before receiving new points.
Prioritizes mobile dapps through the Blast App.
Blast also introduced the “Golden Tickets” reward system for Blast App users, based on asset balances and additional incentives like physical gifts.
The reward period for the second airdrop spans 12 months, longer than the 8 months for the first round. This extension is intended to allow developers more time to build new applications for the ecosystem.
TVL of Blast
According to DefiLlama, the Total Value Locked (TVL) on Blast has decreased from $2 billion before the airdrop to the current $1.3 billion
