Blast Airdrop launched, 17 billion Tokens distribution has attracted widespread follow

On June 26, the long-awaited Blast Airdrop has finally launched. Previously, a certain trading platform announced the launch of Blast Token trading in advance, injecting a strong boost into its secondary market price.

With the arrival of 10 PM on June 26, the Blast Airdrop has arrived as expected. It is currently unclear about the specific correlation between points and Token airdrops. For example, a user with approximately 2.3 million points (ranked 55000+ across the network) received 50,000 BLAST Tokens. It is estimated that the user with the highest ranking, around 23 billion points, may receive 50 million Tokens. Based on an initial issuance price of $0.03, this amounts to approximately $1.5 million.

At the same time, Blast has made it clear about its market maker strategy, allocating 220 million BLAST tokens to 6 market makers for exchange market making. These market makers are gradually transferring BLAST to centralized exchanges in preparation for the trading launch at 23:00.

With the successive distribution of airdrops, some people are happy while others are worried. The proliferation of phishing scam websites has caused some users to suffer losses, with one user signing multiple phishing signatures on a fake Blast phishing site and losing $217,947. Blast's official statement reminds users to be vigilant against related scams. At the same time, some users complain that the airdrop returns are not as expected, with one investor stating that they deposited over $50 million on Blast but only received $100,000 in airdrops.

Despite some controversies, Blast's market performance after the Token Generation Event (TGE) remains strong. Just one hour after the Airdrop began, the fully diluted valuation (FDV) of BLAST surpassed $2.6 billion, with a daily increase of over 20%, and the FDV reached a peak of $2.9 billion, in line with early market predictions.

Another internationally renowned exchange has also announced the launch of Blast, marking yet another large exchange's recognition of Blast following a certain trading platform. As of 11 AM the next day, approximately 12 hours after the Airdrop opened, over 2.5 million users have completed their claims, with a total of 12.4 billion Tokens claimed, accounting for 88.63% of the total 17 billion.

Blast is a Layer 2 blockchain where users can earn rewards by bridging assets. It offers incentives such as points, coins, airdrops, and yields to attract users and developers to participate. The Blast ecosystem has multiple mining opportunities, such as Ambient, Juice, Synfutures, nftperp, and Munchables.

Blast, developed by Pacman, aims to create native yields for Layer 2. It suggests converting ETH and stored stablecoins into stETH and DAI respectively to earn yields from staking rewards and the treasury.

The tokenomics of Blast is mainly divided into four categories: Community (50%), Core Contributors (25.5%), Investors (16.5%), and the Blast Foundation (8%). The community allocation will be unlocked linearly over 3 years from the TGE, while the tokens for core contributors and investors have a 4-year lock-up period. The foundation allocation will be unlocked linearly over 4 years from the TGE.

The first round of Airdrop will allocate 17% of the total amount of BLAST (17 billion coins) to users, including Blast points (7%), Blast gold points (7%), and the Blur Foundation (3%). The top 0.1% of users will have a portion of the Airdrop vest linearly over 6 months.

Currently, Blast's TVL has reached $2.56 billion, with a total user count of nearly 1.6 million. Assuming an average distribution of 17 billion Tokens at a pre-market price of $0.03, each user could receive up to approximately $300 in Airdrop, but the actual distribution will take into account the points weighting.

Before the opening, the market expects the price of Blast to be around $0.03. Based on a total supply of 10 billion and an initial distribution of 1.7 billion, the corresponding FDV is $3 billion, and the circulating market value is $510 million. Compared to other Layer 2 projects, this valuation is considered to be within a reasonable range.

In the long term, the market prospects for BLAST are influenced by multiple factors. The importance of Layer2 solutions is increasing, and Blast's Token economics design reflects a focus on the community and core contributors. However, competition among Layer2 projects is fierce, and the market's recognition of Layer2 tokens will also affect the performance of BLAST.

To stand out in the competition, Blast needs to continuously strive in areas such as technological innovation, ecosystem building, community engagement, marketing promotion, and governance transparency. Through these strategies, Blast is expected to succeed in the Layer 2 market, creating more value and opportunities.