How to Earn Blast Points and Gold

The project posted today on X that users must complete specific actions to be qualified for the airdrop and that dapps must give users before 8 a.m. on June 25 ET reward incentives, including Gold and Points.

According to its note, the project plans to deliver half of the airdrop to developers using Blast Gold and the other half to early users using Blast Points depending on wallet and dapp balances.

The project says, “50% of the Blast Airdrop is allocated to Blast Points; users’ wallets will automatically earn Points based on their balances.” Blast Gold is meant to be used as an incentive for the expansion of Dapps in the meantime. The project noted: “This means that Dapps should give 100% of any Gold they earn to their users.”

Blast Airdrop Eligibility and Requirements

Users must additionally log into their Blast dashboard using the qualified EOA at least once to be included in the airdrop.

Blast advised: “If you are a user and your EOA has Points or Gold, you must have signed into your Blast dashboard with that EOA at least once (either by receiving an invite or linking it to an existing account) in order for it to be included in the airdrop calculations.”

Originally projected to take place in May, the project revealed a delay a delay last month and said the allocation would be changed to reflect this.

Designed by Blur founder Tieshun Roquerre, Blast went live in early access mode in November 2023. Data from DefiLlama shows that although the total value locked on Blast at the time of publication was $2.09 billion, on June 6, it reported $2.3 billion.

Moreover, lately, blast-based games have been really popular. Based on great success on its testnet, the crypto trading card game “Fantasy” launched on the Blast mainnet in April. Based on daily fees earned, the protocol ranked last month among the top 10 platforms.

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The post Blast’s Airdrop Begins Next Week: Here’s How to Qualify appeared first on Coin Engineer.

Layer-2 networks are built on top of Layer-1 blockchains like Ethereum to make transactions faster and cheaper. Blast had announced its plan to stake Ethereum (ETH) and generate returns through Real World Assets (RWAs). According to the platform’s claim, a large portion of the 225 million dollars that Blast has collected was staked in the liquid staking protocol Lido, making Blast the seventh largest stETH holder.

Despite its popularity, Blast faced skepticism from many crypto investors. Some observers likened Blast points to a pyramid scheme, where early users earn more points based on the number of users they bring in. Technical documents show that users receive an additional 16% points when the users they invite bring in more participants, and an additional 8% when the second level brings in more people.

In response to these claims, the platform’s founder PacmanBlur had this to say:

“The returns Blast provides to users may feel too good to be true, therefore these joked structures are understandable. However, to put it simply, the returns Blast provides (initially) come from Lido and MakerDAO.“

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He also explained that these returns are not sustainable and are a fundamental component of on-chain and off-chain economy. He also clarified that Paradigm had no involvement in Blast’s launch and that Blast’s referral system is not a new mechanism. He emphasized that Blast would be nothing without its own community and that its goal is to grow the highest yield L2 and on-chain economy as much as possible.

However, particularly in the cryptocurrency market, it is advisable to be cautious when “too good to be true” returns are involved. In the past, dollar-indexed stablecoin UST promised over 20% returns and its system collapsed, almost nullifying all UST’s value.

The post Expected Airdrop Layer 2 Blast Related Ponzi Claims! appeared first on Coin Engineer.