Introduction
Layer 2 project Blast announced via Twitter that its first airdrop event will occur on June 26 at 22:00 UTC, distributing 17% (17 billion BLAST tokens) of its total supply. However, the allocation rules have ignited significant controversy within the community. Below, we break down the details and implications.
BLAST Tokenomics Overview
Blast, an L2 scaling solution founded by Blur NFT marketplace creator Pacman, revealed its token distribution model:
- Community: 50% (includes the 17% first airdrop)
- Core Contributors: 25.5%
- Investors: 16.5%
- Blast Foundation: 8%
First Airdrop Allocation Breakdown
The 17 billion BLAST tokens will be distributed as follows:
1. Blast Points (70B Tokens / 7%)
Users who bridged ETH/USDB to Blast, providing initial liquidity, earned Blast Points. They’ll receive 7% of the total supply.
2. Blast Gold (70B Tokens / 7%)
DApp contributors awarded Blast Gold will claim 7% of the supply.
👉 Learn more about Blast Gold eligibility
Unlock Conditions:
- Top 0.1% wallets (~1,000 addresses) face a 6-month linear vesting period, contingent on monthly activity thresholds.
3. Blur Foundation (30B Tokens / 3%)
Allocated to Blur’s community for retrospective and future airdrops.
Blur Foundation’s Airdrop Rules
Blur’s X account clarified its allocation for BLUR traders/holders:
Season 3:
- Traders: 0.5%
- Holders (users who staked $BLUR): 0.5%
Season 4 (Advanced to Season 3):
- Traders: 0.5% reserved
- Holders: 1%
- Future Use: 0.5% reserved
Key Update: At launch, holders can immediately claim 1.5% (S3 + S4 merged), while traders receive only 0.5% (S3).
Community Backlash
The allocation rules have drawn sharp criticism:
Top Contributors Penalized:
- Olimpio (a prominent airdrop hunter) argued that the 6-month unlock unfairly targets liquidity providers: "This insults those who drove TVL. What % of locked value do these top 0.1% wallets represent?"
Blur’s Imbalanced Distribution:
- Users like Jsk Musk highlighted inconsistencies with Blur’s original 50/50 trader/holder promise.
- Others defended the merge, citing $BLUR’s price volatility as justification.
FAQ Section
Q1: Who qualifies for the Blast airdrop?
- Users who earned Blast Points/Gold or staked $BLUR in Seasons 3/4.
Q2: Why are top wallets subject to a 6-month unlock?
- To incentivize sustained participation and prevent immediate sell-offs.
Q3: Is the Blur Foundation’s allocation fair?
- Debate centers on whether advancing Season 4 rewards disproportionately benefits holders over traders.
Conclusion
While the BLAST airdrop offers significant rewards, its complex rules—especially for top contributors and Blur users—have fueled discontent. Transparency and equitable adjustments could help restore community trust.
Disclaimer: This content is informational only and does not constitute investment advice.