Blast network has announced phase 1 airdrop claim to the community starts on June 26

The Blast network has announced phase 1 airdrop claim to the community starts on June 26 at 10AM EST, 10PM HKT, 4PM CET.

BLAST token has a total supply of 100 billion tokens. The airdrop will distribute 17% of the total supply (17 billion tokens).

 Blast on X: "To learn more about Blast and $BLAST tokenomics, check out the full Q2 report 

1. Blast Points – 7,000,000,000 (7%)

Users that bridged ETH or USDB to Blast bootstrapped the initial liquidity on

the Blast ecosystem and earned Blast Points throughout Phase 1. These

users will be rewarded with 7% of the total BLAST supply.

2.Blast Gold – 7,000,000,000 (7%)

Users that bridged ETH or USDB to Blast bootstrapped the initial liquidity on

the Blast ecosystem and earned Blast Points throughout Phase 1. These

users will be rewarded with 7% of the total BLAST supply.

Vesting

The top 0.1% users (~1000 wallets) will vest part of their airdrop linearly

over 6 months. Vesting is subject to reaching a monthly Points threshold

based on Phase 1 activity. Further details will be available on June 26.

3. Blur Foundation – 3,000,000,000 (3%)

The Blur Foundation will receive 3% of the total BLAST supply to distribute to the Blur community for both retroactive and future airdrops.

Summary

7% will go to users who bridged either Ether (ETH) or US Dollar Blast (USDB) to the network. Blast is the only chain with the native stablecoin.

Another 7% will go to users who have used decentralized applications (DApps) on the Blast network.

The remaining 3% will go to the Blur Foundation for future airdrops to its community.

It’s important to note that wallets ranked in the top 1,000 in terms of points will vest part of their airdrop linearly for six months. This implies that these accounts will not be able to sell all of their tokens immediately.

The Blast token supply will eventually be distributed 50% to the community, with 17% being given out in this “Phase 1” beginning on June 26.

The remaining 33% will be distributed in other phases to be announced later.

Blast currently has $1.654 billion TVL. The Blast network is the fourth largest Ethereum layer-2 network in terms of total value locked (TVL). It is sixth largest chain by total value locked.