Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Blast Foundation to disperse 17 billion BLAST tokens in this week's airdrop

Blast Foundation to disperse 17 billion BLAST tokens in this week's airdrop

The BlockThe Block2024/06/25 18:37
By:The Block

Quick Take The Blast Foundation will disperse 17 billion BLAST tokens in the phase 1 airdrop on Wednesday, June 26. Of the 17 billion, 7% will go to Blast Points holders, another 7% to those with Blast Gold, with 3% allotted to the Blur Foundation.

The Layer 2 network Blast has announced details for its highly anticipated airdrop.

Blast Foundation, the protocol's governance organization, will give out 17 billion BLAST tokens on Wednesday, June 26, at 10 a.m. ET, 10 p.m. HKT and 4 p.m. CET as a part of phase 1 airdrop, according to a social media post .

Of that 17 billion, 7% will go to users who helped bootstrap the protocol's liquidity by bridging ETH or Blast's stablecoin USDB. Users earning Blast Gold from participating in decentralized applications will get another 7% of the initial airdrop, with the final 3% going to the Blur Foundation "to distribute to the Blur community for both retroactive and future airdrops," according to Blast's tokenomics report .

Blast laid out additional tokenomics details beyond the June 26 airdrop. The protocol allocated 50% of the 100 billion total token supply for the community, with additional community airdrops slated within the next three years. Core contributors will receive 25.5% of the token supply, with investors and the Blast Foundation getting 16.5% and 8%, respectively, in that period as well, the tokenomics report continues.

Blast was created by Tieshun Roquerre, who also founded the NFT marketplace Blur . Blast seeks to create a native yield model for Ethereum and stablecoins. The platform's mainnet launched on Feb. 29.

Blast maintains over $1.67 billion in total value locked, according to the crypto data tracker DeFiLlama.

Disclaimer: Larry Cermak, CEO of The Block, is an angel investor in Blast.


4

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?

This Thanksgiving, we are grateful for bitcoin returning to $90,000.

BlockBeats2025/11/28 08:43
After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?

Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.

区块链骑士2025/11/28 08:23
Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

What are the privacy messaging apps Session and SimpleX donated by Vitalik?

Why did Vitalik take action? From content encryption to metadata privacy.

ForesightNews 速递2025/11/28 08:23
What are the privacy messaging apps Session and SimpleX donated by Vitalik?

The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun

The attacker incurred a loss of 3 million in a "suicidal" attack, but may have achieved breakeven through external hedging. This appears more like a low-cost "stress test" targeting the protocol's defensive capabilities.

ForesightNews 速递2025/11/28 08:23
The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun