Blast Airdrop Complete – Phase Two Begins!

June 26th was a monumental day for the Blast ecosystem and community. It was not just the long-anticipated Blast Airdrop but a significant milestone in the Blast ecosystem. We can all take great pleasure (and a sigh of relief!) in the successful conclusion of Phase One as we progress to Phase Two of Blast’s development.

As we move into this new era here at BlastOff, we thought it would be a great time to review what Blast has achieved so far, what’s coming in the next phase, and, most importantly, how this will positively impact dApps like ourselves. The potential for growth and innovation in Phase Two is immense, and we can't wait to see what's in store.

So sit back, relax, and read on to learn everything you need to know!

Phase One

Phase One encapsulates Blast's remarkable journey from its inception to today. The growth and achievements during this period are a testament to the potential of the Blast ecosystem.

Blast was the fastest-growing chain in its first 30 days of launch and its first 100 days. In only four months, it has become the sixth-largest on-chain economy globally, with a TVL of over $2 billion.

In addition to this:

• Blast is the only chain with its own native stablecoin - USDB
• More native dApps than any other chain, with 200+
• Higher yield opportunities for stables and ETH than other chains
• 1.5 billion active users to date

Blast hasn’t just established itself as a significant player in the crypto world over these last four months; it's raised the bar. The native yield features and brilliant community incentives have paved the way for new opportunities across the ecosystem and the entire blockchain space.

BlastOff is just one of the many dApps that wouldn’t have been possible without Blast’s colossal success and ground-breaking features, and we’re incredibly excited to see its continued evolution in Phase Two.

And now, what we've all been waiting for… the Blast Airdrop.

Blast Airdrop

This was the talk of the community for a long while, and although slightly delayed, the Blast team delivered their promised community rewards on June 26th! This marked the end of Phase One and the transition into Phase Two of their ongoing progression.

For a recap of the specifics of the airdrop, we've broken it down for you below.

Tokenomics

The Airdrop saw 17% of the total BLAST supply airdropped to the community, with a total supply of 100,000,000 tokens, that's 17,000,000 tokens distributed:

• 7,000,000 (7%) distributed to users who bridged ETH or USDB to Blast and earned Blast Points
• 7,000,000 (7%) distributed to users who supported and helped the development of dApps on the ecosystem and earned themselves Blast Gold
• 3,000,000 (3%) distributed to the Blur Foundation for airdrops within their community

If you think you’re due some of the supply and haven’t already, head to blast.io to claim the rewards. Be sure to check; you only have 30 days from the airdrop to do so.

With the initial airdrop behind us, we have officially moved to Phase Two. However, many of you may wonder, “What exactly does this mean for Blast?” or “What’s next to come?”. To answer these questions, keep reading as we explore everything we know about Phase Two.

Phase Two

I feel we’ve said the words ‘Phase Two’ a lot so far in this piece, but what exactly is this next stage in the Blast plan? From what we know, some fascinating and significant developments are coming over this period. 

From the released information, it’s clear that the Blast team is going to continue with their teaser style—' just enough info to build the hype and anticipation’—for news and posts from Phase One. This is a frustrating yet enticing style, and we cannot deny its success!

First, we know the timeframe. Phase Two will last one year and run until June 26, 2025. 

During this time, Blast will focus on developing its full-stack chain. This means that the Blast team will optimise the blockchain end to end without using third parties. 

This should make user interaction more seamless and provide the opportunity for new experiences and applications. We, for one, cannot wait to see what the future holds.

Incentives

A cornerstone of Blast has always been the way they incentivise the community to help grow the Blast ecosystem and support the development of the dApps on it. With Phase Two, this is no different.

Phase Two will see both Blast Gold and Blast Points reset. This creates new opportunities for more recent users to climb the leaderboards and gain rewards for supporting the network. It also incentivises long-term users to continue supporting Blast.

As it stands for users, points and gold will be earned the same as before, based on wallet balance for points and gold distributed by dApps for supporting the projects. dApps will also earn points for providing liquidity to the network.

In addition to points and gold, Blast is implementing some new rewards and mechanisms in Phase Two. Although much of this information is still coming, we have news on one of these new rewards.

Blast Golden Tickets are the latest incentive to be added to the network. These are essentially digital scratchcards that users can claim for accumulating points.

Golden Ticket prizes include additional points, gold, merchandise and even the chance to win Tesla Cybertrucks!

So What’s Next?

With this next stage of Blast development upon us, we’re likely to see many on-chain advancements that not only create new opportunities within existing projects like ours, but also brand-new possibilities across the board!

Here at BlastOff, we’ll continue to work tirelessly to create a unique product that integrates the Blast features, provides high-yield staking options, and offers users participation in risk-free IDOs, whilst utilising and integrating more of the Blast innovations to position us strongly within the ecosystem and in prime position to earn more rewards for our loyal community. 

As the Blast Network develops its full-stack chain, we’ll ensure we stay up to date to maximise its benefits within BlastOff.

For you guys, continue your participation in both Blast and BlastOff! Accumulate your points and gold, actively stake your $OFF tokens to benefit from our upcoming IDOs, and keep checking back here for all your updates!

Phase Two has begun… and the intelligent user will make the most of these opportunities! We’ll be back soon, keeping you in the loop with the need to know!

What is BlastOff?

BlastOff, built on Blast, is a game-changing platform combining a launchpad and yield aggregator.

It maximises user yields using Blast Native Yield and YZone, plus YIDOs, for extra returns by funding new Blast projects. Unlike other blockchains, Blast's unique infrastructure and native yield potential enable innovative, yield-focused products.

BlastOff taps into this, aiming to grow the Blast community and lead in Total Value Locked (TVL) by developing community-focused products. Our team includes experienced launchpad developers and veteran strategists to propel our mission.

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