Ethereum Layer-2 network Blast unveiled details with respect to its upcoming airdrop a few hours back. Its official announcement post on X noted,
“The Blast Foundation will airdrop BLAST to the community tomorrow, June 26 at 10 AM EST, 10 PM HKT, 4 PM CET.”
The protocol has allocated half the total supply to the community. Core contributors will get a little over a fourth of the supply, while the remaining will be divided between investors and the foundation in a 2:1 ratio.
Of the 100 billion total supply, 17 billion will be airdropped to users in the initial round. As far as the breakdown is concerned, users who bootstrapped initial liquidity within the ecosystem will be rewarded 7% of the supply based on their points tally.
Furthermore, users who contributed to the success of dApps earned Blast Gold. They will now be rewarded with another 7% of the aggregate BLAST supply.
The remaining 3% will go to the Blur Foundation to distribute the tokens to the Blur community for both retroactive and future airdrops.
As far as vesting is concerned, the post highlighted,
“The top 0.1% users (~1000 wallets) will vest part of their airdrop linearly over 6 months. Vesting is subject to reaching a monthly Points threshold based on Phase 1 activity.”
Blast’s mainnet went live towards the end of February. The protocol was created by Tieshun Roquerre. The executive also founded the NFT marketplace Blur.
As of press time, over $1.654 billion was locked on the protocol. Thruster, Juice Finance, Hyperlock Finance, Ring Protocol, Renzo, Particle, and Wasabi were key contributors to Blast’s TVL.
