The Blast airdrop will begin on June 26, which will distribute 17% of the supply to early adopters

The Ethereum Layer-2 Blast Network will begin an airdrop for early adopters on June 26, according to a June 25 social media post from the team. 17% of the total supply will be released in airdrops, while 7% will go to users who connect Ether (ETH) or USDB (USDB) to the network. Another 7% goes to “people who have contributed to the success of Dapps. [decentralized applications]“On the blast and 3% will go to the Blur Foundation for future airdrops for the community.

At Point 1,000, he noted that wallets “wear a portion of their airdrops online” for six months, indicating that their accounts cannot sell all of their tokens for six months.

The Blur Foundation said it will distribute some of the token rewards to merchants and owners who use or are using its platform. One percent of the total supply will be used for traders and holders in season 3, 0.5% will be used for traders and holders in season 4, and another 0.5% will be used for future use. It is unclear how the remaining 0.5% will be used.

The tokens will be claimed at 10 am ET (2 pm UTC), according to the social media post.

According to blockchain analytics platform L2Beat, the Blast network is the fourth largest Ethereum layer-2 network in terms of total value locked (TVL). Since its launch in November, its TVL has grown to more than $2.9 billion.

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According to the report, 50% of the explosion token supply will eventually be distributed to the public, while 17% will be issued in “Phase 1” starting June 26. The remaining 33% will be distributed at other levels to be identified. Later.

More than a quarter of the total offering (25.5%) is being distributed to core contributors, 16.5% to investors, and 8% to the Blast Foundation to build infrastructure and grow the Blast ecosystem. Tokens issued to major contributors, investors and the foundation are issued and unlocked over a four-year period.

Some Blast users have complained about the vetting criteria for the top 1,000 wallet owners. “I'm trying to be as impartial as I can because I'm top 500, but this is spitting in people's faces and it's fluid,” said airdrop hunter and X user Olimpio. […] Top 0.1% of wallets are subject to this, but how much TVL do they represent from the chain?

Still, Olimpio said, “We're excited to see how it goes.”

On June 17, the Layer-2 network zkSync also launched an airdrop, and more than 491,000 wallets claimed their tokens at that time.

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