On June 20th, the Layer-2 platform Blast, renowned for its ability to provide native yield on the Ethereum network, officially announced its upcoming token airdrop event. Scheduled to take place on June 26th, this event marks a significant milestone for the platform and its users.
The Blast Airdrop is official 1 week away!
Dapps must distribute all Gold and Points to users by June 25, 8am ET in order for it to be counted.
If you are a User and your EOA has Points or Gold, you must have signed into your Blast dashboard with that EOA at least once (either… https://t.co/sXtXVwrUMt— Blast (@Blast_L2) June 19, 2024
Blast has mandated that all decentralized applications (dApps) within its ecosystem distribute Blast Golds and Blast Points to their users by 12:00 AM UTC on June 25th. Should any project fail to comply, Blast will place these dApps on a Blacklist and terminate future funding opportunities. This measure is designed to ensure that all users receive their entitled benefits from this airdrop.
To be eligible for the airdrop, users must hold Blast Points and Blast Golds. Additionally, they are required to log into the Blast Dashboard on the project’s website at least once to complete a snapshot, which is a crucial step in verifying the amount of tokens they will receive.
Originally, Blast planned to conduct the airdrop on May 24th but later announced a postponement of the token distribution date. To compensate for this delay, Blast decided to increase the number of tokens allocated for the airdrop. Blast Gold, in particular, is the airdrop reward allocated to dApps that develop on Blast’s network.
In the upcoming airdrop, Blast will allocate 50% of the airdropped tokens to developers through Blast Gold. The dApps have committed to distributing 100% of the Blast Gold they receive to their users who engage with their projects. The remaining 50% will be directly distributed to users through Blast Points, based on their wallet balance and the Points earned from interacting with the dApps. This distribution strategy highlights Blast’s strong focus on user support and incentivization.
Related: Layer-2 Blast Announces Airdrop on June 26, 2024
The Growth of Blast
Since its launch in November 2023, Blast has experienced a turbulent journey. Despite being criticized as a potential Ponzi scheme, the platform has garnered significant attention from users. The total value locked (TVL) on this Layer-2 solution reached an impressive $360 million within just the first three days. As of now, over half a year into its operation, Blast’s TVL has surpassed the $2 billion mark, making it the fourth largest Layer-2 platform on the Ethereum network.
For more details and updates, users are encouraged to visit Blast’s official website and follow their announcements closely.
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