Blur Foundation will distribute token rewards to traders and holders who have or will use their platform. 1% of total supply will be for Season 3, 0.5% for Season 4, and another 0.5% for future use. It is unclear how the remaining 0.5% will be used.
The airdrop will be available to receive at 10am ET (2pm UTC) today (June 26).
According to L2Beat, the Blast network is the fourth largest Layer 2 Ethereum network in terms of total value locked (TVL), reaching more than $2.9 billion since its launch in November.
It is known that in the token distribution, 50% of the Blast token supply will be distributed to the community with 17% given in “Phase 1” starting on June 26. The remaining 33% will be distributed in phases. Other parts will be announced later.
More than 25.5% of Blast’s total supply will be distributed to core contributors, 16.5% to investors, and 8% to Blast Foundation for infrastructure and ecosystem development.
Tokens for these groups will be awarded and unlocked over a period of four years. Some Blast users have complained about the requirement to grant permissions to the top 1,000 wallet holders.
Airdrop hunter and user Chain.
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