Blast airdrop to launch June 26, distributing 17% of supply to early users
The Blast team announced that its token airdrop would commence on June 26 and that users who bridged assets to the network or used its apps would receive tokens.
Ethereum layer-2 Blast network will launch an airdrop for its early adopters on June 26, according to a June 25 social media post from the team. Seventeen percent of the total supply will be released in the airdrop, 7% of which will go to users who bridged either Ether (ETH) or US Dollar Blast (USDB) to the network. Another 7% will go to those who “contributed to the success of DApps [decentralized applications]” on Blast and 3% will go to the Blur Foundation for future airdrops to its community.
An accompanying report stated that wallets ranked in the top 1,000 in terms of points will “vest part of their airdrop linearly” for six months, implying that these accounts will not be able to sell all of their tokens for another six months.
The Blur Foundation claimed that it is going to distribute its share of the token rewards to traders and holders who have used or will use its platform. One percent of the total supply will go to traders and holders in Season 3, 0.5% will be reserved for traders and holders in Season 4, and another 0.5% will be reserved for future use. Blur did not state how the remaining 0.5% will be utilized
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Author: Christopher Roark
