Layer-2 network Blast finally announced the eagerly awaited airdrop details.

According to a post on social media, Blast Foundation, the management organization of the protocol, will distribute 17 billion tokens as part of the 1st stage airdrop on Wednesday, June 26th.

Seven percent of this 17 billion will go to users who help bridge the protocol's liquidity between ETH or Blast's stablecoin USDB. According to Blast's tokenomic report, users who earn Blast Gold by participating in decentralized applications will receive an additional 7% of the first airdrop, and the remaining 3% will go to the Blur Foundation to distribute to the Blur community for both retroactive and future airdrops.

More than 17 billion BLAST will be distributed

Blast, created by Tieshun Roquerre, the founder of the NFT marketplace Blur. Blast is focused on creating a native yield model for Ethereum and stablecoins. The mainnet of the platform was launched on February 29th. According to the crypto data platform DeFiLlama, Blast's total value is locked above $1.67 billion.

The company shared details about the airdrop on June 26. The protocol has allocated 50% of the total supply of 100 billion tokens to the community, and additional community airdrops are planned to be conducted over the next three years. According to the tokenomics report, core contributors will receive 25.5% of the token supply, while investors and Blast Foundation will receive 16.5% and 8% respectively.

With the disclosure of information about the Airdrop, platform users naturally got excited. However, some users don't seem very hopeful due to the recent weak airdrops.

This article does not contain investment advice or recommendations. Every investment and trading activity carries risks and readers should conduct their own research when making decisions.