Claim Your Blast Tokens
In a major announcement, Blast Network, an Ethereum (ETH)-based layer two (L2) network, has launched its community airdrop, inviting Phase 1 participants to claim their $BLAST tokens. This highly anticipated event allows users to claim their tokens within the next 30 days, marking a significant milestone for the network. The Blast Network, renowned for its native yield integration, has made the $BLAST token airdrop accessible through the new Blast App developed by Arcade Research. This app streamlines the process, enabling users to claim their Phase 1 airdrop tokens easily.
As the first step, community members can use the Blast App to claim their Phase 1 airdrop. After the initial claim, they can also access ongoing Phase 2 rewards through the app. Full wallet functionality is expected to go live in four months.
Airdrop Details and Allocation
In the first phase of the airdrop, Blast Network will distribute 17 billion $BLAST tokens. Approximately 7 percent of this allocation is reserved for users who contributed to the network’s liquidity by bridging Ether and the native stablecoin, USDB. Overall, 50 percent of the total 100 billion $BLAST token supply is dedicated to the community, with airdrops planned over the next three years. Additionally, 25.5 percent of the total supply is allocated to core contributors, 8 percent to the Blast Foundation, and 16.5 percent to early investors.
Blast Network has rapidly grown into a vibrant layer-two ecosystem on the Ethereum blockchain, boasting over $2 billion in total value locked (TVL) and more than 1.5 million users. The network supports over 200 decentralized applications (dApps), highlighting its significant role in the blockchain space.
Remarkably, Blast Network’s USDB stablecoin ranks as the 5th most used and 4th most held stablecoin globally. Despite being an EVM-compatible chain, the network thrives on its native dApps, including Thruster DEX, Juice Finance, Hyperlock Finance, and Ring Protocol.
Other Major Airdrops
Other significant airdrops have also been making waves in the crypto space. For instance, Notcoin (NOT), a Telegram-based tap-to-earn meme project, recently distributed 11.5 million tokens to its users. Notcoin allocated over 90 percent of its total supply to the community through in-game mining, launch pools, and trading activities, growing into a midcap altcoin with around $1.6 billion in market cap and over $600 million in daily trading volume.
Similarly, LayerZero’s airdrop distributed 38.3 percent of its 1 billion total supply to community members. The project also allocated 32.2 percent to strategic partners over three years and 25.5 percent to core contributors with a similar vesting period.
The Blast Network airdrop offers a significant opportunity for its community to engage with the platform and benefit from its growth. As the network continues to expand, the $BLAST token airdrop highlights its commitment to decentralization and community involvement. Users are encouraged to participate in the ongoing airdrop phases to maximize their potential rewards and be part of this thriving ecosystem.