Key Points:
One of the Layer-2 solutions, Blast, recently announced the launch of its BLAST tokens. The holders of Blast Points and Blast Golds, the airdrop points for decentralized apps on this network, would stand to claim an enormous 17 billion BLAST tokens.
With a total supply of 100 billion tokens, the first phase accounts for 17%, of which 7% are for Blast Point holders, 7% for Blast Gold users, and 3% for the Blur community.
Blast stated that the community will receive 50%, 17% in the first airdrop, and the rest over the next three years. The project development team will receive 25.5%, while the investors will receive 16.5%.
1/4 is unlockable after one year from token issuance, and the remaining is over the next three years. The Blast Foundation gets an 8% allocation unlockable over four years.
Since its launch, the total value locked reached almost 2 billion USD of Blast, becoming the second biggest Layer-2 on Ethereum.
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According to Aevo data, the token price of the BLAST futures contract quotes changed to $2.600, down over 7% in the last 24 hours.
The second phase of Blast focuses on creating a full-stack chain and aims to collaborate with the community to create a desktop and mobile wallet for cryptonatives.
There is a clear opportunity to build an experience significantly better than Metamask, and we will leverage incentives to accelerate adoption, but that’s just the beginning.
The team said in an announcement
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