Blast announces token economic model, 50% of total supply will be airdropped to the community

According to ChainCatcher, Blast announced the token economic model, and the total supply of BLAST is 100 billion.

Token distribution:

• 50% will be airdropped to the community, with an initial airdrop amount of 17 billion tokens.

• 25.5% is allocated to core contributors with a 4-year lock-up period, of which 25% of the core contributor airdrop tokens will be unlocked 1 year after the TGE is released, and then unlocked once a month;

• 16.5% is allocated to investors with a 4-year lock-up period, of which 25% of investor tokens will be unlocked 1 year after the TGE date, followed by a linear monthly unlock over the next 3 years;

• 8% is allocated to the Blast Foundation as a reserve fund for ecological development. Starting from the TGE date, the foundation grant will be unlocked linearly over 4 years.

Of the 17 billion initial airdrops, 7% of tokens will be allocated to Blast Points users (who cross-chain ETH or USDB to Blast to bootstrap initial liquidity on the Blast ecosystem); 7% to Blast Gold (users who contribute to Blast’s DApps); and the Blur Foundation will receive 3% of the total BLAST supply to allocate retroactive and future airdrops to the Blur community.