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 has confirmed they will be doing an airdrop for early access members, and it is LIVE NOW. The Blast Airdrop rewards early adopters with Blast Points. Users can earn Blast Points by bridging assets to Blast, participating in protocols, and inviting friends. The amount of Blast Points that can be earned depends on the volume of assets bridged and the number of users invited to Blast. Blast Points can be redeemed for various benefits and rewards in May 2024.
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
- 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.
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 early access airdrop is now LIVE. The team have also confirmed that the airdrop can be redeemed in May 2024.
Airdropped Token Allocation: The airdropped token allocation is unknown. But based on their other project, Blur, it could be very generous.
Airdrop Difficulty: Blast airdrop is not difficult at all. Users simply need to bridge assets to Blast and invite friends. However, participants must note that they can only withdraw their assets AFTER its mainnet launch in February 2024.
Token Utility: The token utility is unknown. The airdrop redemption will be in May 2024, so Blast are likely to announce details closer to that date.
Token Lockup: The token lockup is unknown.