Today at 16:00 Italian time (UTC+1) the governance token BLAST of the homonymous layer-2 blockchain of Ethereum will be listed, with an accompanying crypto airdrop for the cryptographic community that has supported the growth of the cryptographic infrastructure from November 2023 to today.
Several first-tier exchanges have already confirmed the listing today, further increasing the hype for one of the most anticipated launches of the year.
What will be the opening price of the cryptocurrency?
Let’s see everything in detail below.
Listing of the crypto BLAST on the major exchanges scheduled for 16:00 (UTC+1)
After months of long waiting, the crypto BLAST will land on centralized cryptographic markets today at 16:00 Italian time and will debut with an airdrop of 17 billion tokens to the Ethereum layer-2 community.
Since the first presentation in November 2023, the Blast blockchain has grown tremendously to establish itself as the 6th cryptographic network for TVL and volume on DEX, in addition to being recognized as the second-best infrastructure (after Base) to have reached the milestone of 1 billion dollars in locked value within its dapps the fastest.
In Q2 2024 the optimistic rollup recorded impressive metrics, surpassing 3 billion dollars in bridged TVL and bringing over 1.5 million users into its ecosystem across more than 200 available dapps.
It earned the reputation of “fastest growing chain of all time” in just 8 months, mainly thanks to the incentives offered both in terms of airdrop and native yield.
Now the Blast blockchain is ready to move to the next step of its growth path, introducing the eponymous BLAST coin which will serve as a governance token for the community’s upcoming decisions.
A wide range of cryptocurrency exchanges have already confirmed the listing, including the names of Bitget, Bybit, HTX, Kucoin, Mexc, Bitmart, and Bitrue.
Deposits are open on most platforms while trading, as mentioned, will start to be operational from 16:00 UTC+1.
Also planned is the listing on DEX such as Thruster, Ambient, Bladeswap, and Blasterswap with various liquidity pools that are about to be added under the official contract of the BLAST token: 0xb1a5700fA2358173Fe465e6eA4Ff52E36e88E2ad.
It is worth noting that the exchange Binance has not announced the listing of the coin, without excluding that this could still arrive shortly or in the coming days.
Bitget is now Officially Confirmed the Blast Contract 
https://t.co/Cm6FJgzAsM
Total supply is 100b 
Now #Blast L2 become – Blast-Inu
@Blast_L2 
What you are expecting, lemt me know in comment pic.twitter.com/6uim5fQevA
— GA Crypto (@GACryptoO) June 21, 2024
The max supply of BLAST is set at 100 billion tokens, of which 17 billion (17%) is reserved as a reward for users for the airdrop.
Overall, 50% of the total is allocated for the community through initial distribution, various incentives, and growth campaigns.
25.5% of the supply is allocated to the devs and main contributors, while VC and Foundation will take 16.5% and 8% of the total amount, respectively.
Everyone ready for the listing of one of the most anticipated and discussed cryptocurrencies in the entire cryptographic landscape.
A rich airdrop for the supporters of Ethereum’s layer-2
As just described, the crypto airdrop of BLAST amounts to 17 billion coins, equal to 17% of the entire supply of the resource: this is a particularly high share that bodes well for a successful launch within the crypto exchanges.
In detail, the token will be airdropped to holders of “Blast Points” and “Blast Gold”, in addition to active users of the Blur Foundation, a company that supports the development of the project.
Points and Gold could be accumulated until today by bridging assets on the layer-2 network of Blast and performing various on-chain activities such as swaps, LP, trading of NFT and more.
It is worth noting that the 14 billion BLAST coins will be unlocked at TGE during the airdrop, but the top 0.1% of users (top 1000 addresses) will undergo a linear vesting of funds in the 6 months following the listing.
The big farmers have not been particularly happy with this last detail but the move, partially copied from the recent Mode Network airdrop, could help the token not to depreciate significantly in the first hours of trading on the market.
It is not yet clear what the relationship between the scores and the respective token share will be, but according to some speculation confirmed by well-known user X “Olimpio Crypto” for every 100k Blast Points you get 65 BLAST tokens while for every Blast Gold you get 70 BLAST tokens.
Indicatively according to the user 100 Blast Gold could have a countervalue between 700 and 140 dollars, depending on the valuation at which the project will be launched.
According to the prediction platform Whales.Market, the crypto BLAST will be launched with an initial price of 0.029 dollars, for a listing loss of 12% compared to what was expected yesterday.
Let’s say that the timing is not the best, with Bitcoin and Ethereum wavering in the grayest market uncertainty, following a heavy retracement in recent days.
GOLD
With 100M gold total supply, each gold bar equals to 70 $BLAST.
(7,000,000,000 airdrop / 100,000,000 total gold supply) = 70 blast per gold
Now, what about points?
— olimpio (@OlimpioCrypto) June 25, 2024
We can make a forecast on the price of BLAST based on the expected FDV for the project and comparing this figure to other similar blockchains that have followed an airdrop distribution.
In this regard, according to a bear view, if the token is launched with an FDV of 2 billion dollars, each coin will be worth 0.02 dollars.
Following a possible “moderate” scenario, with an FDV of 5 billion dollars, BLAST will have a listing price of 0.05 dollars.
In particularly enthusiastic circumstances, with an FDV of 10 billion dollars, which would easily surpass the initial valuations of projects like Arbitrum, Optimism, Starknet and Zksync, each BLAST token should have a value of 0.10 dollars.
In this last case, the inauguration of the cryptocurrency would be a resounding success for all the airdrop farmers, who would find themselves with a large sum of money in their pockets at the end of the distribution.
Good luck degens!
