Blast announces that the second phase of airdrop has begun, Blast airdrop tutorial! Blast announces second phase airdrop to distribute an additional 10 billion tokens! Blasting, a second-tier platform on Ethereum, conducted a token airdrop last week, Coin68 reported. The total supply of BLAST tokens is 100 billion, 50% of which is reserved for the community and the remainder is distributed among investors, project teams, and the Blast Foundation.
Today, the editor of this site will share with you that Blast announced that the second phase of airdrop has begun. A detailed introduction to the Blast airdrop tutorial. I hope you like it!
The first airdrop will allocate 17% of the total supply of BLAST to the community, with the remaining amount claimed by the project to be used for other airdrops over the next 3 years.
According to news released on July 2, Blast’s second airdrop has now begun, continuing to use reward points Blast Points and Blast Gold to calculate participants’ standards. So:
- Blast Points: Earn 50% of the second airdrop (5 billion tokens) allocated to users’ ETH, WETH, USDB and BLAST balances, calculated as 0.06504987 points/block/ETH. However, to receive the full amount of tokens, users will need to lock up to 80% of the value of the assets used to participate in Airdrop 1.
- Blast Gold: Receive 50% of the second airdrop (5 billion tokens) allocated to use dapps on Blast. Blast Gold will be distributed to dapps in the first week of every month, which will differentiate between old and new dapps. Dapps need to pay users Blast Gold points before they can receive new reward points. The second airdrop will also prioritize dapps on mobile via the Blast App.
Not only that, Blast also announced another form of reward points, namely “golden tickets” based on ETH, WETH, USDB and BLAST asset balances, as well as other rewards from the project as physical gifts.
Blast also revealed that the calculation time for the second phase of airdrop standards will be carried out within 12 months, which is higher than the previous 8 months for the first phase. Layer-2 said the reason for extending such a period is to create conditions for developers to build more new applications for this young ecosystem.
According to data from DefiLlama, Blast’s TVL has dropped from $2 billion before the airdrop to $1.3 billion at the time of writing.
At the same time, the price of BLAST tokens has continued to plummet in recent days, and is currently down nearly 12% from 24 hours ago.
The Blast airdrop event did not avoid controversy, with many investors saying that the money received was not worth their money and time. Blast is an airdrop campaign considered disappointing, such as Starknet, Feature Layer, Zero Layer, and Zhongke Sync.
The Blast coin airdrop will be launched on June 26. Blast coin is a new currency that everyone is paying attention to. It was previously expected to be airdropped in May 2024. However, due to some reasons, it is now temporarily scheduled for June 2024. However, Blast will increase the airdrop due to the delay. Distribution can be regarded as compensating everyone.
How is the current Blast coin income situation? How to get airdrop of Blast coins? Today’s article mainly introduces to you in detail the income forecast of Blast coin and the steps to obtain Blast coin airdrop. Friends who need it can take a look!
1. Blast asset income mainly consists of basic income and airdrop income. Among them, the pledged ETH obtains an annualized return of approximately 4% on LIDO, while U obtains an annualized return of approximately 5% on MakerDAO.
2. According to the estimated value of Blur’s first two rounds of airdrops (the first round was US$300 million and the second round was US$200 million), the value of this Blast airdrop is approximately US$200 million. Blur and Blast staking will each share half of the airdrop rewards, while Blast staking and developers will share another half. After distribution, it is expected that approximately US$50 million in airdrop rewards will be given to Blast stakers.
3. The current pledged funds of Blast are US$450 million, and it is expected to be no less than US$1.5 billion by February. US$50 million is allocated to US$1.5 billion, and the average principal return is 3.3%. The 3.3% return in half a year is equivalent to an annualized rate of 6.6%.
4. In summary, the estimated annualized return is 4%+6.6%=10.6%. Users who participate earlier, stake more, and have higher luck will get higher returns.
Blast is a Layer 2, which can provide passive interest generation for the funds in the Layer 2 account, which is very attractive to many idle funds on the Layer 2. In the crypto market, cryptocurrencies can be divided into two major categories in terms of token models. One is deflationary cryptocurrencies represented by Bitcoin, which have a fixed upper limit on the number of tokens and no additional issuance; the other is deflationary cryptocurrencies represented by Bitcoin. The total amount of inflationary cryptocurrencies based on Ethereum is increased at a fixed proportion every year, which gives ETH a stable staking yield of 3% -4%, and Blast's interest income comes from this.
Specifically, when a user deposits funds into Blast, Blast will then use the corresponding ETH locked on the Layer 1 network for native pledge of the network (currently mainly on Lido), and automatically use the obtained ETH pledge income Returned to users on top of Blast. In addition to ETH that can participate in native staking, Blast also supports passive interest generation of stablecoins. The specific operating mechanism is that when users bridge stablecoins (such as USDC, USDT and DAI) to Blast, Blast will then deposit the corresponding stablecoins locked on the Layer 1 network into U.S. debt-based DeFi protocols such as MakerDAO, and use Earnings will be automatically returned to users on Blast in the form of USDB (Blast's native stable currency). According to Pacman, Blast’s vision is not just to serve Blur, but to support all types of Dapps, such as DEX, lending, derivatives trading, NFTFi, and even SocialFi.
Currently, Blast has completed US$20 million in financing co-invested by Paradigm and Standard Crypto.
Blast has a very interesting token economics, according to which 50% of the tokens are allocated to developers and 50% are used for airdrops.
Token circulation reaches 175,553,096,633,449 tokens!
The airdrop itself is scheduled to be released in May, so such a project with an ecological airdrop deserves attention.
Due to Blast’s own profitability (~4% for ETH/WETH, ~5% for USDB), wallet balances will also increase over time, as will points earned in the ecosystem.
To replenish tokens (ETH, WETH, USDB, DAI) you can use a bridge.
Let’s consider the mechanics of Blast:
Blast Referral System: The project has a 2-level referral system where you can earn +16% on any points earned on your referrals Take +8% - so create an account to farm and actively hunt for drops!
Passive income mechanism: By holding ETH or stablecoins in the Blast network, you can earn passive income at an annual rate of 4% or 5% respectively. This is done without staking or locking the tokens – similar to the liquidity staking we discussed earlier. The project's profits come from the Lido (for ETH) and MakerDAO (for stablecoins) protocols.
How DApps work: DApps are monetized in the same way as regular wallets, depending on TVL. When ETH/WETH/USDB is transferred to a DApp, the decentralized application starts to earn as much revenue as the tokens transferred.
Promotion: Promotion can increase the profitability of points. The more ETH/WETH/USDB you hold, the more rewards you receive and the more points you earn.
The main advantage of a big TVL for projects is that Blast may be able to build a blockchain that the community actually uses because it is convenient and has a good ecosystem due to the right incentives for developers, which will eventually The project will have a very strong community, just like Arbitrum, which ultimately has a very positive impact on the token price.
The main disadvantage is that the larger the TVL, the more intense the competition and the more dilute everyone’s losses will be.
Blast should be considered a very interesting farming opportunity, with the right approach you can achieve 3x+ returns on large sizes with minimal risk.
In addition to airdrop self-rewards, another focus of Blast that attracts attention is its positioning as a Layer 2 network that can generate income for users. As shown below.
However, currently most of the ETH in Blast has actually been deposited into Lido for staking. In other words, Blast’s core functionality mainly consists of Ethereum staking and Ether.
Simply put, the current core gameplay of Blast is: users deposit funds into Blast, and then Blast mainly uses the Lido platform to use these funds for pledge on the Ethereum main network (Layer1). In this way, users can not only get staking benefits, but also Blast rewards. However, in essence, there is no unique difference between this kind of staking and users staking directly on the Lido platform.
Therefore, the fundamental purpose of Blast adopting this strategy seems to be to increase its total locked value (TVL) and attract more users to participate. The reason why users choose to participate seems more to get additional Blast rewards.
From the nature of financial markets, liquidity tends to flow to those places that can provide the highest returns. Blast has captured this key point, and currently Blast L2 seems to be leading this liquidity trend. This is a dual consequence for users, even if crypto assets are transitioned to the Blast chain, stablecoins and other tokens such as ETH will retain their original coal while also receiving additional Blast rewards.
In general, users actually indirectly participate in staking ETH by depositing assets into Blast, and Blast will directly return the staking proceeds to these users and dapps (developers). At the same time, the asset balance deposited in Blast will be automatically restored, and additional muscles can be obtained from Blast rewards.
In addition, in addition to earning income by depositing ETH, depositing stablecoins is also a way to earn income. Specifically, when you bridge stablecoins such as USDC, USDT, and DAI to Blast, Blast will increase the deposit of these assets into protocols such as MakerDAO, and return the generated revenue to Blast users through Blast's automatic base stablecoin USDB.
It is worth noting that users who participate in depositing assets into Blast will be locked for 3 months until the official launch of the Blast mainnet in February 2024.
No matter how you look at it, the Blast strategy does look quite attractive in the short term at the moment, as is evident from its rapidly growing TVL numbers. As more and more well-known figures begin to promote Blast, and early participating users can receive airdrop rewards, it will inevitably continue to trigger a wave of FOMO for Blast among more users. As for the sustainability of Blast’s strategy and gameplay, and whether the platform will face a large number of junk projects in the future, it is still difficult to predict. We will continue to pay attention to the development!
Share a few invitation codes, don’t worry.
http://blast.io/RI5A4
http://blast.io/ATJPE
http://blast.io/JH887
http://blast.io/AD07J
http:// blast.io/P555D
http://blast.io/N4LE3
http://blast.io/8FNTP
http://blast.io/W4PP3
1. Browser input: blast.io/ ZK16X, then click to redeem the invitation code. During the redemption process, a valid invitation code must be provided to complete the registration.
2. Bind X, connect to DC account, and connect to wallet. Each wallet address needs to be bound to an X and DC account and cannot be reused.
3. Complete wallet analysis and get initial points and lucky value (10%).
4. Click "Bridge More" to operate and get the number of spins by staking ETH. The amount of ETH pledged determines the number of spins per week. For every 1 ETH pledged, you will get one spin opportunity. By spinning, you can earn points, which can be used to earn airdrop rewards.
5. If you want to get full points, you can create three accounts, ABC. Account C will be used as the main account, and account AB will be used to get invitation rewards.
6, group play, this has nothing to do with directly obtaining points, but it can increase the luck value. The higher the luck value, the higher the chance of getting super spins (normal spins 2-10 times the profit); every 5e recharge, recharge the account You can get 2 flops, and other members of the group (upline and downline of the recharge account) can get 1 flop, which has the opportunity to increase your luck.
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