Blast refers to itself as the only Ethereum L2 with native yield for ETH and stablecoins. Blast is created by Pacman, who shot to fame in the NFT, airdrop and cryptocurrency scene through creating Blur. Blur is an NFT marketplace on Ethereum that now has over 333,000 users and $7 billion worth of NFTs being traded. They also distributed the 5th largest airdrop in Ethereum history. So any new project or airdrop backed by the creators of Blur is going to be highly anticipated. What’s more, Blast has already come right out of the gate with a confirmation that they WILL be doing an airdrop. Here’s our Blast airdrop token guide so you can know all the tips and strategies to get maximum Blast Points!
To learn more about Blur, check out our Blur Airdrop Guide
What is Blast?
Blast leverages Optimistic rollup to scale Ethereum and support various types of Dapps, including DEXs, lending, derivatives, NFTFi, and SocialFi. In addition, Blast allows you to stake your funds on Layer 1 protocols and automatically return the rewards to your Layer 2 account. This means that you can increase your funds without any effort. Simply deposit your assets into Blast and watch them grow over time. Blast is a revolutionary platform for the Layer 2 space, combining scalability and profitability to provide the best of both worlds.
Blast is created by Pacman, who created Blur. One of the leading NFT marketplaces in this space. Blast has also raised US$60 million from investors such a Paradigm, Primitive Ventures, eGirl Capital and others.
Features of Blast
Here are some features of Blast which makes them unique:
Based on the information on this website, some of the unique features of Blast are:
- Native yield for ETH and stablecoins: Blast offers a baseline interest rate of 4% for ETH and 5% for stablecoins, which is higher than other L2 solutions that offer 0% or lower rates. This means your assets grow over time on Blast.
- Blast Points: Blast rewards early adopters with Blast Points, which can be redeemed for various benefits and features on the platform. The amount of points depends on the volume of assets bridged and the number of users invited to Blast.
- EVM compatibility and user experience: Blast is an optimistic rollup that is compatible with the Ethereum Virtual Machine (EVM), which means users can enjoy the same familiar user experience as on Ethereum, without sacrificing speed or security.
Will there be a Blast token airdrop?
Blast airdrop is LIVE NOW. And there will be a Phase 2 airdrop coming soon!
How to get maximum Blast Points? Tips and strategies
Here’s our guide some tips and strategies on how to get maximum airdrop of Blast Points:
- Get invited to Blast: You NEED to use an invite code in order to sign up for Blast. Here are some FREE invite codes you can use! blast.io/PGPFY
blast.io/IEKAO
blast.io/GXQL4
blast.io/7PXI7
blast.io/TGI0H - Connect to Blast: Connect your Twitter and wallet to Blast and join their Discord server.
- Bridge more assets to Blast: The more ETH and stablecoins you bridge to Blast Layer 2, the more points you earn. You can bridge ETH, USDC, USDT, or DAI to the platform. Note however that you can only withdraw from the bridge after the Blast Mainnet launches in February 2024.
- Get a .blast domain: Blast Domains have confirmed they will do a $BD token airdrop to .blast domain holders. To get a domain, connect your wallet to their site, click “Domains” and search for an unpurchased domain. Domains cost 0.08 ETH per year.
- Invite your friends: You can earn additional points by inviting your friends to join Blast and bridging their assets to the platform. Share your invite link on social media and you will be rewarded when friends join and also bridge assets.
- Get Blast Gold Distribution 1: To receive the Blast Gold distribution 1 (4 million Gold to winners and 6 million Gold to Mainnet Dapps), eligible Dapps must integrate the Blast Points API and have a configured points operator, both of which should be documented on their official website. Click HERE for more details.
- Get Blast Gold Distribution 2: To be eligible for the Blast Gold distribution 2 (10 million Gold to be distributed), Dapps must integrate the Blast Points API and configure a points operator, both of which should be documented on their official website. Eligible Dapps will receive a pro-rata share of the 10 million Gold based on their final weights determined by the Category Weight x Blast-native Weight x Dapp Weight x Incentive Weight formula.
- Get Blast Gold Distribution 3: To receive a portion of the 15 million Gold distribution from Blast, Dapps must be live on Mainnet and have integrated the Blast Points API with a configured points operator, both of which should be documented on their official website. Eligible Dapps will be weighted and awarded Gold pro-rata based on their category, exclusivity to Blast, on-chain traction, and other criteria, with a special form to be completed for the distribution.
- Get Blast Gold Distribution 4: To receive a portion of the 10 million Gold from the fourth distribution in the Blast ecosystem, Dapps must be live on Mainnet and have integrated the Blast Points API, with their public documentation reflecting the configured points operator. Eligible Dapps will be allocated Gold based on a weighted formula considering their category, exclusivity to Blast, on-chain traction, and effectiveness in distributing gold to users.
- Get Blast Gold Distribution 5: To receive a portion of the 10 million Gold from the fifth (and final) distribution ahead of the Blast airdrop, Dapps must be live on Mainnet and weighted according to a specific formula involving Category Weight, Blast-native Weight, Dapp Weight, and Incentive Weight. Eligible Dapps should complete the provided form with a contract address that has the Blast Points API integrated and the configured points operator, both of which must be publicly documented on the official website.
How to get Phase 2 of the Blast token airdrop
Time needed: 40 minutes
10 million $BLAST has been allocated to Phase 2 of the airdrop which ends in June 2025. 50% of Phase 2 rewards are allocated to Blast Points and the remainder to Blast Gold. Here’s our guide on how to get Phase 2 of the Blast token airdrop.
- Claim Phase 1 airdrop
Claim your $BLAST tokens from Phase 1 of the token airdrop. For a detailed guide, see the below section. To see your $BLAST token balance, locate the Blast token address HERE and add the token to your wallet.
- Earn Blast Points
Go to the Blast airdrop page HERE where you can see how much has been bridged to Blast already. To bridge more to Blast, click “Bridge More”. Then deposit tokens to Blast L2. You can choose between DAI, ETH, stETH, USDC, Tether, WETH and WBTC. Bridging to Blast allows you to earn Yield and Points. You will earn Blast Points automatically every block based on your token balance. Note there is a 14-day withdrawal period for withdrawing tokens from Blast.
- Earn multipliers
You can earn point multipliers by using specific highlighted Dapps. To use the Dapp, simply submit a transaction that interacts with the highlighted Dapp.
- Earn Blast Gold
50% of Phase 2 rewards will be allocated to Blast Gold. The difference between Blast Gold and Blast Points is that Blast Gold is for Dapps and is distributed manually. The Blast team will distribute Blast Gold every 2-3 weeks.
How to claim Blast Phase 1 token airdrop
Blast has opened up its Phase 1 token airdrop claim! Note you only have 30 days from 26th June 2024 to claim the airdrop. Here’s how to claim the Blast Phase 1 token airdrop:
- Go to the Blast website and click “Claim Phase 1 Airdrop”.
- Sign in by connecting your MetaMask or WalletConnect wallet.
- Click “Claim Airdrop” and watch the video.
- Click “Tweet to claim airdrop”.
- Download the Blast App.
- Open the Blast mobile app and enter the codewords onto your PC.
- On the Blast mobile app, allow notifications and click “Done”.
- Click “Claim now”.
Blast airdrop review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: Blast’s airdrop is now LIVE. Phase 1 is available to claim for 30 days from 26th June 2024. Phase 2 of the airdrop is ongoing and will end in June 2025.
Airdropped Token Allocation: 50% of the $BLAST token supply i.e. 50 billion, will be reserved for the community and distributed via incentive campaigns. 14 billion $BLAST (14% of the token supply) will be distributed in Phase 1 of the airdrop. 10 billion $BLAST will be distributed in Phase 2.
Airdrop Difficulty: Blast airdrop is not difficult at all. Users simply need to bridge assets to Blast and invite friends.
Token Utility: The $BLAST token is used for governance. Token holders can propose and vote on Blast Improvement Proposals (BLIPs). They can also make adjustments to various network parameters.
Token Lockup: The $BLAST tokens allocated to the community will unlock linearly over 3 years from TGE.
