Ethereum's Blast Network Sets Date for BLAST Token Airdrop

Blast, an Ethereum Layer-2 scaling network, has rescheduled its BLAST token airdrop to June 26, later than initially expected.

To compensate for the delay, the network promised to increase the airdrop allocation.

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Before the token launch, Blast plans to conduct two additional distributions of Blast Gold points, aimed at developers building decentralized applications (dApps) on the network. Many developers have already passed these points on to users.

The airdrop distribution strategy will be split evenly: 50% of the tokens will go to developers through Blast Gold points, and the remaining 50% will be allocated to early users.

These early users include individuals who bridged funds to the network before the Blast mainnet became operational in February. Over $2.3 billion in crypto was bridged to Blast in hopes of earning points for the upcoming airdrop.

Blast has attracted attention due to its user incentive model. It continues to grow, fueled by the success of its early apps, games, and tokens, including the memecoin Pacmoon (PAC), which reached a new all-time high price on May 9.

The excitement surrounding Blast is understandable. Its strategic focus on rewarding user engagement has proven effective, drawing attention from developers and users. The upcoming airdrop, despite the delay, promises to be a significant event in the crypto community.

However, the network hasn't been without challenges. In March, "Munchables," an NFT game on the Blast blockchain, suffered a major security breach, leading to a $62 million exploit.