Blast Airdrop lands, 17 billion Tokens distribution sparks market follow

On June 26, the highly anticipated Blast Airdrop finally arrived as scheduled. A certain trading platform announced the launch of Blast Token trading in advance, injecting momentum into its secondary market price.

With the arrival of 10 PM, accompanied by speeches from relevant individuals, the Blast Airdrop officially begins. The specific correlation between points and Token airdrops is still unclear, but based on a user with approximately 2.3 million points ( ranked 55,000+ across the network ) receiving 50,000 BLAST tokens, it is expected that users with the highest ranking of approximately 23 billion points could receive 50 million tokens. Based on the initial issuance price of $0.03, this is valued at about $1.5 million.

Blast has clarified its market maker strategy, allocating 220 million BLAST to 6 market makers for exchange market making. These market makers are gradually transferring BLAST to centralized exchanges in preparation for the launch of trading at 23:00 with BLAST.

The airdrop distribution process has been mixed with both joy and sorrow. Some users lost $217,000 after signing multiple wallet signatures on a phishing website, prompting the official team to issue a reminder to users to be wary of related scams. At the same time, some users complained that the airdrop returns were below expectations, with one partner stating that they deposited over $50 million on Blast but only received $100,000 in airdrops.

Despite the controversy, Blast's market performance remained strong after the Token Generation Event (TGE). Within an hour of the Airdrop launch, the fully diluted valuation of BLAST surpassed $2.6 billion, with a daily increase of over 20%, peaking at $2.9 billion, in line with early market expectations.

Another international large exchange has also announced that it will list Blast. As of 11 a.m. the next morning, about 12 hours after the Airdrop opened, over 2.5 million users have completed the claim, with a total of 12.4 billion Tokens claimed, accounting for 88.63% of the total.

Blast is a Layer 2 blockchain that provides returns to users by bridging assets. It offers various incentives to attract users and developers to participate. The Blast ecosystem includes multiple mining projects.

Blast Token economics is mainly divided into four categories: community accounts for 50%, core contributors account for 25.5%, investors account for 16.5%, and the foundation accounts for 8%. The first round of Airdrop will allocate 17% of the total supply to users, including 7% Blast points, 7% Blast gold points, and 3% to a certain foundation.

Currently, the competition for Blast points is fierce, with the TVL reaching $2.56 billion and total users approaching 1.6 million. Based on an initial price of $0.03, ideally, each user can receive up to about $300 in Airdrop, but the actual distribution will consider point weighting.

Before the opening, the market predicted the price of Blast. The lowest pre-market order price on a certain platform was $0.0297. Based on a total supply of 10 billion and an initial distribution of 1.7 billion, this corresponds to a fully diluted valuation of $3 billion and a circulating market cap of $510 million.

In the long term, the market outlook for BLAST is influenced by various factors. Layer 2 solutions are becoming increasingly important in the blockchain industry, and Blast may benefit from industry growth. Its Token economics design emphasizes the community and core contributors, which helps build an active ecosystem.

However, competition among Layer 2 projects is fierce, and the market's recognition of Layer 2 tokens will also affect the performance of BLAST. Blast needs to continuously strive for technological innovation, user experience, and ecosystem development to stand out in the competition.

To succeed in the Layer2 market, Blast needs to formulate strategies: continuous technological innovation, expanding ecosystem application scenarios, enhancing community participation, increasing market promotion efforts, and ensuring governance transparency.

Overall, the Blast Airdrop has garnered wide attention, with its Token economics and market prospects highly anticipated. Despite facing challenges, Blast is expected to secure a place in the Layer2 market through multifaceted efforts. As more participants join, the future development potential of Blast is worth looking forward to.