The model includes a total token supply of 100 billion tokens.
It is structured to benefit various stakeholders within the Blast community. Let’s explore more about Blast.
Token Distribution Strategy and Ecosystem Milestones
Key aspects of the token distribution include:
- Community Airdrop: 50% of the total token supply, equating to 50 billion tokens, will be airdropped to the community. An initial airdrop of 17 billion tokens kicks off this distribution. It aimed at fostering widespread participation and engagement among users.
- Core Contributors: 25.5% of the tokens, amounting to 25.5 billion tokens, will be allocated to core contributors. They have played pivotal roles in the development and growth of the Blast ecosystem.
- Investors: 16.5% of the tokens, totaling 16.5 billion tokens, are designated for investors. They have supported Blast’s initiatives and contributed to its success.
- Blast Foundation: 8% of the token supply, or 8 billion tokens, will be reserved for the Blast Foundation. This fund will serve as a strategic reserve to support ongoing operations, development, and community initiatives.
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More About Blast’s Tokenomics
In addition to unveiling its token economic model, Blast has also released its Q2-2024 report. So, it shows impressive growth metrics and milestones achieved within its ecosystem. Highlights from the report include:
- Total Value Locked (TVL): Blast has bridged $3 billion in TVL, underscoring significant capital inflows and utilization within its platform.
- User Base: The platform boasts a robust user base of 1.5 million users, reflecting growing adoption and engagement among global participants.
- DApp Ecosystem: Blast has nurtured an expansive ecosystem with over 200 dApps, demonstrating its role as a vibrant hub for innovation and development.
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- Global Economy Ranking: It has emerged as the 6th largest on-chain economy globally. So, this highlights its substantial footprint in the blockchain space.
- Fee Contributions: Blast ranks among the Top 5 globally in terms of fees paid. As a result, this emphasizes its economic activity and contribution to blockchain infrastructure.
- Stablecoin Innovation: Blast stands out as the only blockchain with its stablecoin, USDB, which has gained prominence as the 5th most utilized stablecoin globally.
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