Blast Network, an Ethereum Layer-2 Solution, Will Commence Its Airdrop on June 26, Distributing 17% of the Token Supply to Early Users

Early Users Set to Benefit from Blast's Airdrop The Ethereum layer-2 Blast network announced on June 25 that they would launch an airdrop for early users on June 26, per Cointelegraph.

Blast network, an Ethereum layer-2 solution, will commence its airdrop on June 26, distributing 17% of the token supply to early users.

Early Users to Receive Blast Airdrop

The Ethereum layer-2 Blast network announced on June 25 that they will begin an airdrop for early users on June 26, according to Cointelegraph.

Those who bridged Ether or US Dollar Blast (USDB) to the network will receive 7% of the entire supply, while 10% will be released in the airdrop. With 3% going to the Blur Foundation to fund future airdrops for its community and 7% going to those who "contributed to the success of DApps [decentralized applications]" on Blast, everyone's fair game.

Top 1,000 Wallets to Six-Month Vest

Wallets that are ranked in the top 1,000 for points will "vest part of their airdrop linearly" for a period of six months, according to a statement that accompanied the announcement. This suggests that these accounts will not be able to sell all of their tokens for another half a year.

Those who used or will use the Blur Foundation's platform, including traders and holders, will receive the token rewards that the foundation promised to distribute.

In Season 3, 1% will be distributed to holders and traders, in Season 4, 0.5% will be set aside for the same, and another 0.5% will be kept for future use. It is unclear from Blur's statement what will happen to the remaining 0.5%.

The social media post states that the tokens will be available for claim at 10 am ET, which is 2 pm UTC.

Blast network is ranked as the fourth largest Ethereum layer-2 network by total value locked (TVL), according to L2Beat, a blockchain analytics tool. Its TVL has soared to over $2.9 billion since its launch in November.

Future Phases of Token Distribution

It was reported that half of the Blast token supply will be released to the community in the future. Of that total, 10% will be issued in "Phase 1," which starts on June 26. Other phases, to be announced later, will allocate the remaining 40%.

Core contributors are receiving over a quarter of the supply (25.5%), investors 16.5%, and the Blast Foundation 8% to fund infrastructure projects and ecosystem growth. There is a four-year vesting period that allows core contributors, investors, and the foundation to release their tokens.

Some Blast users expressed their dissatisfaction with the requirement for the top 1,000 wallet holders to undergo vesting on a post about the airdrop in the X user group.

Olimpio, an airdrop hunter and X user, commented, "Trying to be as unbiased as possible since I am top 500, but this is a spit on the face of people that brings liquidity [...] Top 0.1% wallets are subject to this, but how much TVL do they represent from the chain?"

However, Olimpio stated that they were "stoked to see how it goes."

Over 491,000 wallets received their tokens when the airdrop for layer-2 network zkSync was released on June 17.

Photo: Blast/X