The Blast Foundation is set to distribute 17 billion BLAST tokens in its highly anticipated phase 1 airdrop today.
The Blast Foundation, the governance organization behind the Layer 2 network Blast, announced that the airdrop will take place on June 26 at 10 a.m. ET, 10 p.m. HKT, and 4 p.m. CET. This event marks the first phase of their airdrop initiative, designed to reward the community and boost engagement with the protocol.
Airdrop Distribution Details
Here’s how the 17 billion BLAST tokens will be distributed:
- 7% will go to Blast Points holders, who supported the protocol by bridging ETH or Blast’s stablecoin, USDB.
- 7% will be given to users earning Blast Gold through participation in decentralized applications.
- 3% is reserved for the Blur Foundation to distribute to the Blur community, for both retroactive and future airdrops.
Blast’s Tokenomics Overview
The tokenomics report from Blast provides additional details on the distribution plan. The protocol has allocated 50% of its 100 billion total token supply to the community. This includes future airdrops over the next three years. Core contributors will receive 25.5% of the tokens, while investors and the Blast Foundation will receive 16.5% and 8%, respectively.
About Blast
Blast was founded by Tieshun Roquerre, who also created the NFT marketplace Blur. The platform aims to develop a native yield model for Ethereum and stablecoins. Blast launched its mainnet on February 29 and has since seen significant growth.
Currently, Blast maintains over $1.67 billion in total value locked (TVL), according to DeFiLlama. This figure highlights the platform’s rapid adoption and the trust it has built within the crypto community. The upcoming airdrop is expected to further strengthen Blast’s position in the decentralized finance ecosystem.
For updates on the Blast airdrop and to check your eligibility, follow the official Blast Foundation channels. Don’t miss this opportunity to be part of the next big wave in the DeFi revolution.
