The mainnet is about to go online and airdrops will start in May: Can the benefits of the Blast project be grasped?

Author: DeMan

Layer2 Network Blast posted on the X platform that the key dates of its roadmap are February 2024 and May 2024. Blast will announce the exact date for its mainnet launch later this week. As early as November 2023, according to its roadmap, Blast planned to launch the mainnet on February 24, 2024, and will launch DApp and open withdrawals; airdrops will be distributed in May, and Blast Points "redeeming" will be supported on May 24.

Since Blast came out in the second half of last year, its TVL has hit new highs continuously, and has surpassed strong opponents such as Base and zkSync. Currently, Blast’s TVL is second only to Arbitrum and Optimism on the Layer 2 track. On February 20, Blast’s TVL exceeded the key position of $1.9 billion, and market sentiment continued to heat up.

So, how can ordinary users get a share of Blast’s development dividends? The details are summarized below for readers.

Minimalist Blast airdrop strategy: make good use of Wen Exchange and Blaster to be more effective

Blast announced that it will launch an airdrop event in May. In order to participate in the Blast airdrop, users It needs to be operated through a browser extension wallet such as Metamask. Here are the steps to participate in the airdrop— 

Use the invitation code or invitation link to enter the Blast ecosystem:

blast.io/PROP0

blast.io/ 8OUDZ

blast.io/FAD9X

Participation is only valuable if the bridge exceeds half ETH. Because within a week for every 1 ETH bridged, users will get one spin to earn points for the airdrop. If the bridge is half an ETH, it will take two weeks, and if it is $50, it will take more than two years.

So, which tools can users use to obtain airdrops as quickly as possible? Just recently, two projects, Wen Exchange and Blaster, announced that users only need to follow the community and connect their wallets to receive free airdrop tokens when they are officially launched.

Among them, Wen Exchange calls itself the NFT zero-handling fee market on Blast. It is currently in the early bird registration period and is expected to airdrop 400 $WEN tokens to registered users. Through community promotion and inviting friends to participate, users can increase the expected airdrop volume; as the first DEX on Blast, Blaster is currently undergoing early bird registration, and registered users can receive 300 tokens. For users who have already staked on Blast, the airdrop bonus will be higher.

From BlastScore to Biconomy, take a look at Blast’s existing testnet projects and potential ecological projects

The Blast ecosystem provides multiple testnet projects, providing users with a wealth of Opportunities to participate. These projects include:

BlastScore: an innovative reputation protocol that scores users by analyzing on-chain activity and aims to reward active participants.

BlastOff early test network: Blast’s first native launch platform and revenue aggregator, focusing on testing and exploring future revenue.

BlastOff Idea Farming: A project designed to spark ideas and early engagement, encouraging user contributions through social media tasks and web interactions.

Countdown To BlastOff: A countdown event that allows community members to prepare for the upcoming major event by completing a series of tasks.

Tornado Blast: A testnet project focusing on privacy protection and transaction anonymity, exploring privacy solutions on Layer 2.

Blast Penguins: An interesting NFT project that allows users to mint and trade unique penguin NFTs on the Blast network, increasing the fun and participation of the ecosystem.

In addition to the above-mentioned testnet projects, there are also a series of potential projects in the Blast ecosystem that deserve users' attention - Biconomy: aims to improve Dapp user experience through account abstraction and free transaction SDK. The addition of Blast is expected to increase user activity on the Dapp and increase potential Blast rewards by removing the barrier of gas fees.

Particle Trade: Aiming to become Uniswap in the field of leveraged trading, it is supported by Polychain Capital and others. Its innovation lies in the Leveraged Automated Market Maker (LAMM) protocol, which allows users to implement leveraged trading of any token.

Thruster Finance: A DEX designed to be the core of Blast, integrating the complete token life cycle into a single protocol. Its AMM aims to increase the efficiency of on-chain transactions, while Thruster Launch is a toolkit for permissionless launch tokens and DAOs.

$PUMP MeMe Coin: A meme coin launched by Wassies, which will be launched on Blast soon. This decentralized “art token” prides itself on a fair launch, combating the pre-allocation issues prevalent with most meme coins.

Ultiverse: A social gaming platform powered by Binance Labs that integrates AAA gaming, native encryption, and AI. Planning to enhance its platform economy by leveraging Blast’s native revenue mechanisms, multiple projects have been launched to connect with each other through the Bodhi protocol.

These projects not only demonstrate the diversity and innovation capabilities of the Blast ecosystem, but also herald its huge potential and future development direction in the cryptocurrency field.

The future prospects are worth looking forward to, but it is still unknown whether Blast can maintain its myth after its official launch

The Blast ecosystem provides users with diverse airdrop acquisition paths, covering project development, There are four main channels: active participation in the BLUR platform, BLUR token staking, and asset locking through Blast’s cross-chain bridge. According to BLUR's issuance strategy, it is predicted that the initial distribution ratio of Blast airdrop will be 12% of the total supply, with developer rewards accounting for half of it, and the rest being equally divided among BLUR active users and asset lockers.

In terms of valuation, Blast is predicted to reach a more conservative market value of approximately US$5 billion. Based on current market trends and comparison with BLUR’s issuance strategy, Blast’s initial circulation valuation may be around $600 million, which would place it between 50th and 100th in the global crypto market. Comparing Blast with RON, which has a similar ecological background, although Blast's added value in technological innovation and third-layer (L3) applications has not yet emerged, its market cap may reach half of Arbitrum.

According to preliminary market transaction analysis on the Aevo platform, Blast’s value is expected to be around US$3 billion, and its price fluctuation range is expected to be between US$3 billion and US$10 billion. Blast's market supporting factors mainly include its sixth global TVL ranking and its leading position in Layer 2 solutions. Blast has successfully attracted more than 120,000 users and is expected to become one of the Layer 2 platforms with the largest number of daily active users. In addition, the innovative applications and high growth potential on the Blast platform provide solid support for the steady increase in its market value.