Airdrops in cryptocurrencies seemed to dominate the last two years. These rewards given to early investors and supporters provided significant gains that could shape many lives. Today, important news about an airdrop emerged, followed by exchange listing announcements. So, which network and token did this airdrop cover?
BLAST Airdrop Conducted
The long-awaited first airdrop of the Blast network was conducted by distributing 17 billion BLAST tokens to users who started using the network early. A post by the Blast X account announced that the Ethereum Layer-2 solution distributed BLAST tokens on Wednesday morning.
According to data provided by a blockchain explorer tool, 35% of the tokens allocated for the airdrop had already been claimed at the time of writing. However, Blast had not provided a definitive statement on the total number of BLAST tokens claimed from the network at the time of writing.
According to data provided by CoinGecko, the 17 billion BLAST tokens allocated for the airdrop represent approximately 7% of the total supply of 100 billion BLAST tokens.
What Is the Value of BLAST?
At the time of writing, BLAST was trading at $0.022. According to Coinmarketcap data, this price is 4.36% above its market entry price.
The total value for the 17 billion BLAST airdropped is calculated to be $476 million. Although it is known that pre-market entry prices and post-listing prices differ, the difference was not significant.
According to an announcement on Blast’s official website, a large share of the airdropped BLAST tokens was given to users of the Blast network. When examining the network’s tokenomics data, it was clear how the airdrop was conducted. The distribution of BLAST tokens during the event was generally linked to Blast scores.
According to a report related to Blast’s tokenomics, Blast plans to allocate 25.5% of the BLAST tokens to core contributors who have already contributed to the network. Meanwhile, 16.5% will be allocated to the network’s investors, and 8% will be reserved for the Blast Foundation.
For the future of BLAST, the other half of the total supply will be used for community-driven initiatives to ensure the continuity and development of the network.
