- Blast token airdrop launched on June 26, 2024, with a market cap of $420 million.
- Rescheduled from May, Blast promised to increase the airdrop allocation to compensate for the delay.
- Phase 2 of the rewards campaign allows users to earn points for the next four months.
- Airdrop allocation split evenly between developers (50% through Blast Gold points) and early users (50%).
- Blast has attracted over $2.3 billion in crypto, with the memecoin Pacmoon (PAC) reaching a new all-time high price on May 9.
Blast, the Ethereum Layer 2 scaling network, has made headlines with the launch of its highly anticipated BLAST token airdrop, which took place on June 26, 2024. The airdrop, initially expected to occur in May, was rescheduled to later in the month, with Blast promising to increase the allocation to compensate for the delay. The network has also announced a continuation of its Phase 2 rewards campaign, allowing users to earn points for the next four months.
Blast Token Airdrop
On June 26, Blast launched its BLAST token airdrop, which had been rescheduled from its initial May estimate. The airdrop, which had a market cap of $420 million, was distributed to both developers and early users of the network.
Phase 2 Rewards Campaign
Following the airdrop, Blast announced the continuation of its Phase 2 rewards campaign, which allows users to earn points for the next four months. This campaign is aimed at incentivizing users to continue to engage with the Blast ecosystem.
Token Distribution
The airdrop allocation was split evenly between developers and early users. 50% of the tokens were distributed to developers through Blast Gold points, while the remaining 50% were allocated to early users based on their participation in the network.
Network Success
Blast has seen significant interest and success in its early apps, games, and tokens, including the memecoin Pacmoon (PAC), which reached a new all-time high price on May 9. The network has also attracted over $2.3 billion in crypto, which was bridged to Blast in hopes of earning points for the upcoming airdrop.
Blast’s airdrop and ongoing rewards campaign are set to drive further growth and engagement in the network. With its innovative approach to scaling Ethereum and its focus on incentivizing user participation, Blast is well-positioned to continue making waves in the decentralized finance space.
According to CoinGecko, the BLAST token price at the time of the airdrop was $2.30, giving the token a market cap of $420 million.