Interpretation of Blast Token Economics: Token Allocation, Airdrop Revenue and Token Price Prediction

BLAST’s token economic model has been released, with an estimated supply of 100 million gold coins and 10 trillion points. How much might it be worth?

This article will discuss Blast’s FDV scenario, gold coin valuation and airdrop estimation. Also... why don’t we talk about counterfeit attacks (sybils)?

A quick recap: Blast announced that its total supply is 100 billion. 17% of the supply is used for S1 airdrops, of which 7% is used for gold coins, 7% is used for points, and 3% is used for Blur farmers.

1. Points and Tokens

So: all gold coins will receive 7 billion Blast tokens, and all points will also receive 7 billion Blast tokens. We don't have an official supply of points and coins, but some estimates are around 8-10 billion coins (taking into account recommendations). As a pessimistic case, let's assume the supply is 100 million gold coins.

With a total supply of 100 million gold coins, each GOLD is equivalent to 70 $BLAST. (7000000,000 airdrops / 100000,000 total gold coin supply) = 70 Blasts per BOLD.

What about points?

Blast's official website shows the relationship between gold coins and points: "20483 gold coins will receive an airdrop equal to 2224255462 points"

This means 1 gold coin = 108590 points.

If we base this on a total of 100 million gold coins, we can estimate the total points supply as → 10859000,000000 (1080 billion points)

Remember that points will be awarded 7 billion tokens, so each point is approx. Equal to 0.00064463 $BLAST.

100000 points = 64.46 $BLAST.

Now we (pessimistically) estimate the following relationship:

1 GOLD = 70 $BLAST

100000 points = 65 $BLAST

So, how much might Blast be worth?

2. BLAST Price Scenario

Next, let’s look at the BLAST price scenario and compare it with the Ethereum Layer 2 expansion plan. We can see that if Blast outperforms them all at 10 billion FDV, the token price will be $0.10.

Arbitrum is the largest second-tier expansion solution with the highest total locked value (TVL) and the largest FDV. If Blast had the same FDV, the Token price would be $0.083.

Optimism is the second largest second-tier expansion solution, with a total locked value (TVL) of US$678 million but an FDV of US$7.6 billion. If Blast had the same FDV as Optimism, the token price would be $0.076.

BLAST Token airdrop price scenario:

Blast Ecstasy → 10 million points = 650 USD

Blast Moderate → 100 gold coins = 325 USD

Blast Pessimism → 100 gold coins = 130 USD

Remember, this is just one kind of entertainment, we create scenarios based on guesswork.

1) We are not sure about the total supply of gold coins (the basis of this topic).

2) We don’t know how the market will price Blast versus its competitors.

3) We don’t know if the relationship between coins and points will remain the same.

These are all unknown factors, so the above scenario is just a guess.

3. Summary

Overall (unfortunate market conditions aside), I think this airdrop was executed extremely well. There is no discussion of counterfeit attacks. Through tokens, small wallets and users can participate.

We don’t talk about counterfeit attacks because farmers have to do real work (Token) or be real.

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