Airdrop is coming soon, an overview of Blast's token economic model
On June 26, 2024, Blast announced its tokenomics. The total supply of BLAST is 100 billion, with 50% to be airdropped to the community, and the initial airdrop amount is 17 billion.整理：Deng Tong，金色财经
资料来源：Blast、金色财经
On June 26, 2024, Blast announced its tokenomics. The total supply of BLAST is 100 billion tokens, with 50% allocated for airdrops to the community, and the initial airdrop amount is 17 billion tokens. Jinse Finance has compiled detailed information on Blast's tokenomics for readers.
I. Introduction to Blast
Blast is a Layer 2 blockchain where users can earn yields by bridging assets. It offers incentives such as points, coins, airdrops, and yields to attract users and developers. There are many mining opportunities in the Blast ecosystem, including Ambient, Juice, Synfutures, nftperp, and Munchables.
Blast is developed by Pacman and supported by Paradigm, aiming to create native yields for L2. When we deposit tokens into L2, we are actually hosting the corresponding tokens in L1 with the smart contracts corresponding to L2. These are idle tokens and are not used to earn yields. Blast recommends converting ETH and stored stablecoins into stETH and DAI respectively to earn yields from staking rewards and the treasury.
II. Blast Token Economic Model
1. Community -- 50,000,000,000 (50%)
The success of Blast is attributed to the users and builders who contribute to the ecosystem. 50% of the total supply of BLAST is reserved for the community and will be distributed through incentive activities. 100% of this allocation will go directly to the community. Community allocations will be unlocked linearly over 3 years from the TGE date, and any distribution will follow the schedule determined by the Blast Foundation.
2. Core Contributors -- 25,480,226,842 (25.5%)
All tokens allocated to core contributors have a 4-year lock-up period, with 25% of the core contributor tokens unlocking 1 year after the TGE date, followed by linear monthly unlocks over the next 3 years.
3. Investors -- 16,519,773,158 (16.5%)
All tokens allocated to investors have a 4-year lock-up period, with 25% of the investor tokens unlocking 1 year after the TGE date, followed by linear monthly unlocks over the next 3 years.
4. Blast Foundation -- 8,000,000,000 (8%)
The foundation's allocation will be reserved for key infrastructure and further development of the Blast ecosystem. The foundation's allocation will unlock linearly over 4 years from the TGE date.
III. Details of Blast's First Phase Airdrop 17,000,000,000 (17%) Plan
1. Blast Points -- 7,000,000,000 (7%)
Users who connect ETH or USDB to Blast have guided the initial liquidity of the Blast ecosystem and will earn Blast Points in the first phase. These users will receive 7% of the total supply of BLAST as a reward.
2. Blast Gold -- 7,000,000,000 (7%)
Users who contribute to the success of Dapps will receive Blast Gold and will earn 7% of the total supply of BLAST as a reward.
3. Vesting
The top 0.1% of users (approximately 1,000 wallets) will have a linear vesting of part of the airdrop over 6 months. Vesting will require reaching monthly point thresholds based on the activities of the first phase.
4. Blur Foundation -- 3,000,000,000 (3%)
The Blur Foundation will receive 3% of the total supply of BLAST for distribution to the Blur community for retrospective and future airdrops.
IV. Current Development Status and Future Outlook of Blast
According to data disclosed by Token Terminal, the monthly active user count and the supply of stablecoin USDB on the L2 network Blast have both doubled in the past 90 days, with user growth primarily driven by Blur, Thruster, Spacebar, and YOLO Games. The stablecoin USDB in the Blast ecosystem ranks fifth globally in trading volume, all coming from on-chain DEX trading volume. Additionally, according to the latest data from Coingecko, the market cap of USDC is approximately $405 million, with a circulating supply of 406,046,631 tokens.
Blast is highly focused on crypto users and crypto builders. The combination of both has formed an explosively growing ecosystem. The Blast ecosystem is a powerful economy with groundbreaking DAPPs.
What sets Blast apart is that it provides builders with new building blocks: native yields and Gas revenue sharing. By integrating with Lido and MakerDAO on the backend, Blast offers annualized yields of 4% for ETH and 5% for stablecoins, accessible from anywhere on-chain. Therefore, Blast has a higher percentage of native dapps than any EVM chain (including L1 and L2).
Blast has mastered the complexities of cryptocurrency and is inclined to explore new forms of it.
Blast is particularly suitable for SocialFi projects, which are those aiming to build at the intersection of social networks and DeFi, with some projects recently emerging on Blast.
Fantasy Top is a competition where users "select" their favorite crypto personalities based on Twitter engagement to participate in tournaments, with the mainnet set to launch following the airdrop announcement.
EarlyFans is a SocialFi platform that further tokenizes the relationship between content creators and their audiences through speculative advantages, having just launched its Beta version ahead of the upcoming airdrop.
DistrictOne makes money through money games featuring sharing, investing, and accumulating prizes, catering to the needs of communities and influencers looking to expand and leverage their influence.
Blast has the opportunity to become an indispensable DeFi hub.
