Airdrop Blast: 17% Free Tokens! Claim Now!

Bittime - Good news for loyal Blast network users! The Blast team has just announced the launch of their token airdrop program which will start today, June 26 2024. This program is intended as a form of appreciation for early users who have supported and contributed to the development of the Blast network.

Airdrop Blast Token Allocation and Vesting Policy

As much as 17% of the total supply of Blast tokens will be distributed through this airdrop. The allocation is divided into several categories, namely:

• 7% for users who have bridged assets such as Ether (ETH) or US Dollar Blast (USDB) to the Blast network. This shows Blast's appreciation for users who have helped increase liquidity on their platform.
• 7% for those who have “contributed to the success of DApps [decentralized applications]” on the Blast network. Users who actively use and build applications on the Blast platform will be rewarded for their contributions.
• 3% is allocated to the Blur Foundation for their next airdrop program. This collaboration shows Blast's commitment to supporting the community and the broader ecosystem.

It is important to note that the top 1,000 wallets by points will have a six-month “vesting” policy for some of their airdrops. This means that the wallet cannot immediately sell all the tokens received during that period. This policy aims to prevent mass sales and maintain Blast token price stability.

Airdrop Blast Token Distribution and Claim Schedule

Airdrop tokens can be claimed starting at 10:00 ET (14:00 WIB) today. Users can access their tokens through wallets connected to the Blast network.

For information, 50% of the total supply of Blast tokens is planned to be distributed to the community. A total of 17% is allocated for "Phase 1" which starts on June 26. The remaining 33% will be distributed through further stages which will be announced later. This shows Blast's commitment to building a strong community and empowering its users.

User Reactions and Comparison of Airdrop Blast with Other Airdrops

Some Blast users complained about the vesting policy for the top 1,000 wallets. Phe user under the name Olimpio, known as an airdrop hunter and loyal Blast user, stated, "Trying to be objective even though I'm in the top 500, this policy is like a slap to those who bring liquidity [...] It's only the top 0.1% who are affected by this policy, but how much does their TVL contribute to the network?"

Despite this, Olimpio remains "curious to see how it develops." These criticisms suggest that vesting policies need to be more carefully considered to ensure fairness and satisfaction of all users.

Previously, on June 17, layer-2 network zkSync also launched an airdrop, and more than 491,000 wallets claimed their tokens at that time. This shows that airdrops are becoming a popular strategy to attract new users and increase awareness of blockchain projects.

Conclusion

The Blast token airdrop program is a positive step to reward early adopters and expand the Blast community. Fair token allocation and a measurable vesting policy demonstrate Blast's commitment to building a sustainable and beneficial ecosystem for all parties.

Keep in mind that airdrop programs are just one aspect of a blockchain project. Users need to do their own research before investing in Blast tokens or any other blockchain project.

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