Happycoin.club - The Blast second-level blockchain team has published details of the long-awaited airdrop of project tokens.
The Blast Foundation, which runs the protocol, will be giving away 17 billion BLAST tokens on Wednesday, June 26th at 6:00 pm BST.
Of that 17 billion, 7% of the tokens will go to users who helped increase the liquidity of the protocol by transferring ETH and Blast network stablecoins called USDB through the blockchain bridge. Another 7% will go to users who earn Blast Gold points for interacting with the ecosystem's decentralized applications, and another 3% will go to the Blur Foundation "for distribution to the Blur community through retroactive and future airdrops," according to a Blast document on the project's tokenomics.
The Blast team also shared their plans for the future. The protocol has allocated 50% of the total supply of 100 billion tokens to its community, with plans to conduct additional distributions over the next three years. According to the document, during this period, active participants in the project will receive 25.5% of the tokens, and investors and the Blast Foundation itself will receive 16.5% and 8%, respectively.
The Blast Network was created by Tieshun Roquerre, who is also the founder of NFT marketplace Blur. Blast aims to create its own profitability model for Ethereum and stablecoins. The main network of the platform was launched on February 29.
According to DeFiLlama, the total value locked for Blast is around $1.67 billion.
