Blast, the Ethereum second-layer network created by Pacman, the founder of NFT trading platform Blur, announced the details of the highly anticipated token airdrop on Tuesday (25th). The Blast Foundation, the protocol’s governance organization, said on the

According to Blast’s Tokenomics report, these airdrop tokens account for 17% of the total supply, 7% of which will be allocated to help bootstrap protocol liquidity and gain access to Blast via bridging Ethereum (ETH) or Blast’s stablecoin USDB Users who earn points and earn Blast Gold by participating in DApps (decentralized applications) will receive another 7% of the initial airdrop, and the remaining 3% will belong to the Blur Foundation. "This part will be used for the Blur community Group’s past and future airdrop incentives.”

Source: Blast

In addition to the June 26 airdrop, Blast provided additional details on the token economics. The protocol allocates 50% of the total $BLAST supply (100 billion) to the community, with additional community airdrops planned over the next three years.

The document also states that 25.5% of the total supply will be allocated to core contributors and 16.5% to investors. The tokens allocated to core contributors and investors have a 4-year lock-up period, of which 25% will be allocated to core contributors. Tokens, as well as 25% of investor tokens, will be unlocked 1 year after the TGE date and then linearly monthly over the next 3 years. And 8% of the total supply will be allocated to the Blast Foundation.

Source: Blast

This article Blast Foundation will launch the first phase of airdrop tonight, distributing 17 billion BLAST tokens first appeared on Zombit.