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Everything is ready for the listing and airdrop of the BLAST crypto
Today at 16:00 Italian time (UTC+1) the BLAST governance token of the Ethereum layer-2 blockchain of the same name will be listed, with an attached crypto airdrop for the cryptographic community which has supported the growth of the cryptographic infrastructure to date since November 2023 .
Several top-tier exchanges have already confirmed the listing today, further increasing the hype for one of the most anticipated launches of the year.
What will be the opening price of the cryptocurrency?
Let’s see everything in detail below.
Listing of the BLAST crypto on the main exchanges scheduled for 4.00 pm (UTC+1)
After months of long waiting, BLAST crypto will land on centralized crypto markets today at 4pm Italian time and will debut with an airdrop of 17 billion tokens to the Ethereum layer-2 community.
Since it was first unveiled in November 2023, the Blast blockchain has grown tremendously to establish itself as the Sixth cryptographic network for TVL and volume on DEXas well as being recognized as the second best infrastructure (after Basic) to have reached the milestone of $1 billion in value locked within its dapps in the shortest possible time.
In the second quarter of 2024 the optimistic rollup has seen impressive metrics, surpassing $3 billion in bridged TVL and bringing over 1.5 million users into its ecosystem across more than 200 available dapps.
It has earned a reputation as the “fastest growing chain of all time” in just 8 months, largely thanks to the incentives offered in terms of both airdrop and native yield.
Source: https://assets.blast.io/en/q2-2024.pdf
Now the Blast blockchain is ready to move to the next phase of its growth journey, introducing the eponymous BLAST coin which will serve as a governance token for upcoming community decisions.
A wide range of cryptocurrency exchanges have already confirmed the listing, including the names of BitgetBybit, HTX, Kucoin, Mexc, Bitmart and Bitrue.
Deposits are open on most platforms while trading, as mentioned, will begin operating from 16:00 UTC+1.
The quotation is also expected on DES for example Thruster, Ambient, Bladeswap and Blasterswap with various liquidity pools about to be added to the official BLAST token contract: 0xb1a5700fA2358173Fe465e6eA4Ff52E36e88E2ad.
It is worth noting that the exchange Binance has not announced the price of the coin, without excluding that this could arrive shortly or in the next few days.
The maximum supply of BLAST is set at 100 billion tokensof which 17 billion (17%) reserved as a reward to users for the airdrop.
Overall, 50% of the total is allocated to the community through an initial distribution, various incentives and growth campaigns.
25.5% of the supply is allocated to developers and lead contributors, while VC and Foundation will take 16.5% and 8% of the total amount, respectively.
All ready for the stock exchange listing of one of the most awaited and discussed cryptocurrencies in the entire cryptographic landscape.
A Rich Airdrop for Ethereum Layer-2 Supporters
As just described, BLAST’s crypto airdrop amounts to 17 billion coins, equal to 17% of the entire supply of the resource: This is a particularly high share which bodes well for a successful launch within cryptocurrency exchanges.
In detail, the token will be made via airdrop to holders of “Blast Points” and “Blast Gold”, in addition to active users of the Blurred foundationcompany that supports the development of the project.
Points and Gold could until now be accumulated by connecting assets on Blast’s layer-2 network and performing various on-chain activities such as swaps, LPs, trading NFTs and more.
It is worth noting that the 14 billion BLAST coins will be unlocked at TGE during the airdrop, but 0.1% of the top users (the first 1000 addresses) will experience a linear allocation of funds in the 6 months following the listing.
The big farmers were not particularly happy with this last detail but the move, partly copied from Mode Network’s recent airdrop, could help the token not to significantly devalue in the first hours of trading on the market.
It is not yet clear what the relationship between the scores and the respective token share will be, but according to some speculations confirmed by the well-known user for every 100k Blast Points you get 65 BLAST tokens while for every Blast Gold you get 70 BLAST tokens.
According to the user, 100 Blast Gold could have an equivalent value of between 700 and 140 dollars, depending on the valuation at which the project will be launched.
According to the prediction platform Whales.MarketBLAST cryptocurrency will launch with a starting price of $0.029for a price loss of 12% compared to what was forecast yesterday.
Let’s say that the moment is not the best, col Bitcoin and Ethereum is wavering in the grayest uncertainty of the market, after the heavy retracement of the last few days.
👑GOLD👑
With a total gold supply of 100 million, each gold bar is equivalent to 70 $EXPLOSION.
(7,000,000,000 airdrops / 100,000,000 total gold supply) = 70 explosions per gold
Now, what about the points?
—olimpio (@OlimpioCrypto) June 25, 2024
We can do to BLAST price prediction based on expected FDV for the project and comparing this figure to other similar blockchains that followed an airdrop distribution.
In this regard, according to a bearish forecast, if the token were to be launched with a FDV of $2 billion, each coin would be worth $0.02.
In a “moderate” scenario, with a FDV of $5 billion, BLAST will have a listing price of $0.05.
Under particularly exciting circumstances, with an FDV of $10 billion, which would easily exceed the initial valuations of projects such as Arbitrum, Optimism, Starknet AND Zksynceach BLAST token is expected to have a value of $0.10.
In the latter case, the inauguration of the cryptocurrency would be a resounding success for all airdrop farmers, who at the end of the distribution would find themselves with a large sum of money in their pockets.
Good luck degeneration!
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