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Latest cryptocurrency news > BLOCKCHAIN > Blast Team Begins Airdrop Event
BLOCKCHAIN

Blast Team Begins Airdrop Event

BH NEWS
Last updated: 20 June 2024 10:14
BH NEWS 1 year ago
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The founder of NFT marketplace Blur has introduced a new Ethereum Layer-2 network called Blast and initiated an airdrop event for its users within a week of the announcement. Unveiled on June 20th, the project outlined that users need to complete certain actions to qualify for the airdrop. Dapps on the network are required to distribute rewards, such as gold and points, to users by June 25th.

Contents
How Will the Airdrop Be Distributed?What Are the User Requirements?Key Takeaways for UsersConclusion

How Will the Airdrop Be Distributed?

Half of the airdrop allocation will be awarded to developers via Blast Gold, while the remaining 50% will be given to early users as Blast Points, calculated based on wallet and dapp balances. Blast announced that users will earn points for each block according to their wallet balances. In contrast, Blast Gold will serve as an incentive to foster the growth of dapps.

What Are the User Requirements?

To participate in the airdrop, users must log in at least once with an eligible EOA on the Blast dashboard. Blast emphasized the necessity of logging in to ensure inclusion in the airdrop, stating that both Points and Gold in a user’s EOA require this action.

Key Takeaways for Users

• Users must complete specific actions to qualify for the airdrop.
• Wallet balances are crucial for earning Blast Points.
• Developers receive incentives through Blast Gold.
• Logging in with an eligible EOA on the Blast dashboard is mandatory.
• The initial airdrop allocation has been increased due to a delay.

Conclusion

Originally set for May, the airdrop event faced a delay, during which its allocation was increased. Developed by Blur’s founder Tieshun Roquerre, Blast entered early access in November 2023. As of June 6th, Blast’s total value locked stood at $2.3 billion, reflecting significant interest and investment. Games on the Blast network, such as the card game Fantasy, have also seen growing popularity, contributing to the protocol’s high ranking among platforms based on daily fees generated.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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