Blasts first round of airdrops is here, a quick look at token distribution details and price predictions

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Original | Odaily Planet Daily

Author | Nanzhi

Blasts first round of airdrops is here, a quick look at token distribution details and price predictions

Last night, Blast, which has led the point-based model, announced that it will airdrop BLAST to the community at 10 pm today after 8 months. The 23-year airdrop project will come to an end here. At a time when peoples expectations for Layer 2 tokens are getting lower and lower, can Blast bring surprises? Odaily will interpret the token distribution data and price expectations in this article.

Total Token Supply and Division

According to the official Q2 report, the total amount of BLAST is 100 billion . The details of the total amount are as follows:

  • Community 50% tokens (50 billion), all tokens will be allocated directly to the community and distributed through incentive activities. Community allocations will unlock linearly over 3 years from the date of the TGE and any distributions will be according to schedules determined by the Blast Foundation.

  • 25.5% of the core contributors’ tokens (25.48 billion) have a 4-year lock-up period, of which 25% of the core contributors’ tokens will be unlocked 1 year after the TGE is released, and unlocked linearly every month for the next three years;

  • Investors 16.5% tokens (16.52 billion), with a 4-year lock-up period, of which 25% of investor tokens will be unlocked 1 year after the TGE date, and unlocked linearly every month for the next three years;

  • 8% (8 billion) of the Blast Foundation will be used as a reserve fund for ecological development. Starting from the TGE date, the foundations grants will be unlocked linearly over 4 years.

Blasts first round of airdrops is here, a quick look at token distribution details and price predictions

First round of airdrop

The official Q2 report also disclosed the details of the first round of airdrops. This round of airdrops will allocate 17% (17 billion) of the total BLAST to users. The 17% is composed of: 7% Blast points, 7% Blast gold points, and 3% Blur Foundation.

Blast said that the airdrops for the top 0.1% of users (about 1,000 addresses) will be released linearly over 6 months, and the release of these users must reach the monthly points threshold. More details will be announced on June 26.

On the other hand, 3% of the tokens allocated by the Blur Foundation will be distributed to the Blur community. Blur released the distribution details early this morning. Among the 3% tokens allocated:

  • In the third quarter, traders will receive 0.5% and BLUR stakers will receive 0.5%;

  • In the fourth quarter, traders received 0.5% and BLUR stakers received 1%;

  • 0.5% is reserved for the Blur project.

Blasts first round of airdrops is here, a quick look at token distribution details and price predictions

Price Prediction

In the pre-market of Whales Market, the current lowest price of pending orders is $0.0297, and the latest price of executed historical orders is also close to this value, so the pre-market price can be determined to be $0.03.

Based on BLASTs total supply of 100 billion and an initial allocation of 17 billion, the corresponding FDV is US$3 billion and the circulating market value is US$510 million.

Reference data for other Layer 2 circulating market capitalizations are as follows: ARB is US$2.7 billion, OP is US$2 billion, STRK is US$950 million, and ZK is US$630 million.

According to the data provided by L2 BEAT, Blast’s TVL is lower than Arbitrum and Optimism, but higher than ZKsync and Starknet, and its price is slightly underestimated. However, considering that the market’s recognition of Layer 2 tokens is decreasing, it can still be considered that the current price and circulating market value are within a reasonable valuation range.

Blasts first round of airdrops is here, a quick look at token distribution details and price predictions

Based on the above data, the income of gold points users can also be preliminarily predicted. Blast distributed gold points in five phases. The first , second , fourth and fifth phases were 10 million points each, and the third phase was 15 million points. The total amount is 55 million points. All gold points are distributed with 7 billion tokens, which means that each point gets 127 tokens. Calculated at a price of $0.03, it is about $3.81 per point. Readers can also calculate according to the estimated psychological price.

This article is sourced from the internet: Blasts first round of airdrops is here, a quick look at token distribution details and price predictions

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