BlastOff: A Month in Review! – June 2024
Look back at the achievements, updates, and news of the last thirty days, filled with exciting progress and promising developments!
June has drawn to a close, and what a month it has been! The past four weeks have been a whirlwind of activity for BlastOff, with some truly monumental achievements and exciting developments taking place.
June has been a month of significant growth and progress for BlastOff. We’ve witnessed the launch of our native token, the Blast Airdrop, some remarkable partnerships, and platform updates that bring us closer to our IDO launches. With a growing team and a flurry of progress behind the scenes, let’s take a moment to reflect on everything that’s transpired over June!
Token Launch
Probably the most significant development this month has to be the launch of our native token, $OFF!
$OFF launched on June 5th across CEXs and DEXs, including Thruster, Gate.io, and MEXC. In less than 24 hours, we saw over $8 million in trading volume, which just goes to show the power and hype behind this token. But why was it so popular? Easy, token holders receive:
- Exclusive benefits
- Participation rewards
- Governance power
- Revenue sharing
- Deflationary token mechanics
Users should know that staking $OFF tokens is where the true power lies. Staking is required to earn yield and, more importantly, participate in YIDOs, BlastOff's true USP, where users will find the biggest opportunities to benefit from the platform.
That brings us nicely to our next section; however, if you want to learn about all the benefits and advantages of holding our token, you can find a full breakdown here.
Staking Goes Live
On June 14th, the BlastOff platform underwent a massive upgrade, introducing the ability to stake your $OFF tokens. This was a major update and a significant step in our journey to YIDOs.
Staking $OFF offers significant benefits. First, the variable APR earned from staking, currently 366%, means your tokens constantly earn you more!
However, the most important benefit is the YIDOs. Staking a certain number of $OFF puts you into a tiered structure for our launches. The more you stake, the higher tiers you can attain, leading to multipliers in allocation or pool weight. In short, the more you stake, the greater investment you can make in YIDOs!
Furthermore, we’ll be incentivising users in several ways with competitions and such for staking $OFF, so make sure you’re involved! Check out our website for more info on the available tiers and multipliers!
Points and Gold Distributed
With Phase One of the Blast Network development over, many points and gold were distributed amongst the Blast dApps, and BlastOff was no different. We accumulated a significant amount of both since we started, and prior to the deadline, we distributed 100% of this to our community!
On June 25th, we completed our distribution to users and rewarded you all for your continued support throughout this period. A total of 32,000 Gold and 42 million points were distributed! As we all know, crypto is a turbulent place with many incredible opportunities but also unforeseen obstacles.
All we can say is thank you for supporting our development as we move toward releasing a brilliant product for you all. We’ll continue to show our gratitude to you in any way we can!
Blast Airdrop
With the talk on points and gold distribution, we must mention the Blast Airdrop. With June 26th seeing the end of Phase One and moving toward Phase Two and their full-stack chain development, there are a lot of implications and opportunities in the future.
You can check out the article posted last week for the full information on the airdrop. However, we’ll say now that there will be a whole host of benefits for you guys going forward. With points and gold reset, your continued support will provide many more opportunities to earn both, and with new incentives from Blast coming also, you’ll want to stay active and up to date!
BlastOff Blog
As a writer here at BlastOff, this is something quite personal to me. I love putting together these articles for you all, keeping you informed, educated, and up-to-date on everything BlastOff and Blast Network.
I spend a lot of time curating and fine-touching these articles for you to enjoy, and as a team, we felt they deserved their own place to reside. That’s why I was thrilled when our brilliant dev team implemented a home for them in the form of our new blog!
If you’re reading this now, you’ve already found your way here, so subscribe if you haven’t yet, and keep checking back! You can access our blog easily from our website or socials!
BlastOff Native Bridge
We're back to some technical stuff now. With the staking platform live, we were aware of one drawback. Many of you who purchased our token at launch bought it on Polygon and currently hold it on that network.
Unfortunately, that means you cannot currently take advantage of all the staking benefits that come with owning $OFF. It's like trying to enjoy your favourite TV show from the other room—it's just not entirely satisfying.
To combat this, we’ve introduced a bridge on our platform to fix this issue. Now, $OFF holders on Polygon can bridge their tokens over to Blast. Once on the Blast network, you will be able to take full advantage of everything the token and BlastOff has to offer!
If you’re one of these holders currently and haven’t got around to bridging your tokens, make sure you get on that ASAP! Just visit our website to get started.
Partnerships
Finally, we come to partnerships. This month has been very fruitful in this regard, with some exciting partners and collaborations confirmed! These include some previously announced such as:
- ScoreFam
- Rawr
- Sphera World
- Monoswap
- And more
The Web3 community knows the importance of partnerships and collaborations. We’re all growing together, revolutionising the future and creating an industry of decentralisation and opportunity. When we work together, we all benefit.
We’re incredibly proud of the partnerships we’ve created and have many more in the works behind the scenes. Stay tuned; a few of these may just be looking to launch an IDO…
Marketing
Our marketing team has been working overtime this month to keep users up-to-date and engaged throughout this busy period. Looking back over this month, we’ve surprised ourselves with how much we’ve done, from campaigns surrounding the token launch to partnership co-marketing moves. So, we’ve decided to break it down for you all.
Throughout June, we’ve managed to complete the following marketing feats:
- MEXC Kickstarter campaign with $50,000 worth of rewards
- Gate Startup campaign with $30,000 worth of rewards
- Awarding 1000 Monochests celebrating our Monoswap partnership
- Airdrops to our community of $OFF, $PEW and $NOGOLD
- Blastscore campaign establishing our presence in their GoldCity
- Held X Spaces with Gate.io and SphereX
- Co-marketing with RAWR to award community 1000 RAWR gems
- Bridging campaign, awarding 9000 Blast Gold to users who bridged to Blast
- ScoreFam prediction of $OFF staking
In Summary
June has been a brilliant month, not just for BlastOff but for the entire Blast Network and extended community. It has been a month of excitement, collaboration, rewards and development.
Do you think this momentum is going to stop? Spoiler Alert. Absolutely not.
What June has done is create a runway where BlastOff has gained a significant amount of speed, and we have no plans to slow down. This is just the beginning of an exciting period, and with so much more around the corner, we cannot wait to show you what’s in store.
So keep following our journey, keep supporting the project, and prepare for another incredible month at BlastOff!
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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