The $BLAST token economy has been launched with an estimated supply of 100 million gold coins and 10 trillion points. How much could they be worth?
This is a post about the Blast FDV situation, gold valuations, airdrop estimates, but why don’t we talk about witches?
To recap, today, Blast Corporation announced that its total supply is at 100 billion. 17% of this is for S1 airdrops: 7% for coins, 7% for points, and 3% for Blur farmers.
Therefore, 7 billion $BLAST tokens are available for all coins and 7 billion $BLAST tokens are available for all points.
We don’t have an official supply of points and coins, but some estimate the supply to be around 80 million to 100 million (taking into account referrals).
In the pessimistic case, we assume a gold coin supply of 100 million.
gold
With a total supply of 100 million gold coins, each gold coin is equivalent to 70 $BLAST.
(7,000,000,000 airdrops/100,000,000 total gold coin supply) = 70 $BLAST per gold coin
Now, how are the points going?
integral
Blast's own website shows the relationship between coins and points
"20,483 gold coins will receive the same amount of airdrops as 2,224,255,462 points."
This means 1 gold coin = 108,590 points
If we take the total amount of 100 million gold coins, we can estimate the total points supply → 10 859 000 000 000 (10.8 trillion points)
Remember, points earn 7 billion tokens, so approximately 0.00064463 $BLAST = 1 point
100,000 points = 64.46 $BLAST
$BLAST
Now we (pessimistically) estimate:
1 gold coin = 70 $BLAST
100,000 points = 65 $BLAST
So how much is $BLAST worth?
$BLAST price situation
Comparing the FDV situation to the top Ethereum Layer2, we can see that if Blast outperformed all top Ethereum Layer2 at 10 billion FDV, the token price would be $0.1.
Arbitrum is the largest Layer2 with the most TVL and the largest FDV. If Blast had the same FDV, the token price would be $0.083.
Optimism is a close second, not because of TVL (678 million), but because of its FDV of $7.6 billion. If Blast’s FDV were the same as Optimism’s, the token price would be $0.076.
Blast gold coin airdrop price situation 1
Exciting price → 100 gold = 700 USD
Neutral price → 100 gold = $350
Pessimistic price → 100 gold = 140 USD
Blast gold coin airdrop price situation 2
Exciting price → 10 million points = $650
Neutral price → 100 gold = $325
Pessimistic price → 100 gold coins = 130 USD
Keep in mind, this is just for fun and we are hammering out price scenarios based on guesswork.
We are not sure of the total supply of gold coins (the basis of this topic);
We don't know how the market will price competitors' Blast;
We don’t know if the gold-point relationship is up to date, nor if the total point supply is normal;
We don't know if the $BLAST distribution per point/coin will be linear (although I assume/think it will be).
Here are my thoughts on airdrops
Overall (unfortunate market conditions aside), I think this airdrop was executed very well. There is no talk of witches. Smaller wallets and users are enabled by gold coins.
We don't talk about witches, because the Fuzzies have to put in real work (gold) or real money (points). If tomorrow's launch goes well, I think it will be a success.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
This article is reproduced with permission from: "Deep Wave TechFlow"
Original author: olimpio
Compiled by: Shenchao TechFlow
