Blast Airdrop and Ecosystem Guide – How to Participate
The Ethereum Shanghai was one of the most awaited upgrades of the Ethereum Network, as it enabled the transition of the blockchain from proof-of-work (PoW) to the proof-of-stake (PoS) consensus mechanism.
In the PoS consensus mechanism, Ethereum users can stake their $ETH to further help the verification and security of the network. In return, those who staked their $ETH received rewards.
But aside from this update, Ethereum Shanghai also caused the birth of the only known protocol with native yield for $ETH and stablecoins, it is called Blast.
Read more: 30+ Potential Crypto Airdrops to Watch Out For in 2024 (Updated Mar. 2024)
Table of Contents
Blast Introduction
Blast (https://blast.io/en) is an Ethereum L2 that recently launched its mainnet. Basically, it allows those who will bridge their assets from the Ethereum mainnet to the Blast mainnet to earn a yield of 4% for $ETH and 5% for stablecoins.
“Blast yield comes from ETH staking and RWA protocols. The yield from these decentralized protocols is passed back to Blast users automatically. The default interest rate on other L2s is 0%,” its whitepaper read.
Moreover, the developers of Blast, who turned out to be also the developers of the NFT Marketplace Blur, explained that a new L2 is needed because there is no technology yet that incorporates the native yielding for $ETH and stablecoins:
“Blast is an EVM-compatible, optimistic rollup that raises the baseline yield for users and developers without changing the experience crypto natives expect.”
Lastly, other dcentralized app developers can build on top of Blast to benefit from its native yield feature as it makes it possible for protocols to create new business models.
“Other L2s keep revenue from gas fees for themselves. Blast gives net gas revenue back to dapps programmatically. Dapps developers can keep this revenue for themselves or use it to subsidize gas fees for users,” they promoted.
Blast Airdrop Guide
In early 2024, Blast started hosting an airdrop campaign in line with its mainnet launch.
It follows a points system where 50% of the total rewards are said to go to early access participants while the other half will go to developers within its ecosystem.
To join:
- Step 1: Go to https://blast.io/en/airdrop/sign-up.
- Step 2: Connect a wallet. Compatible wallets are MetaMask and WalletConnect.
- Step 3: Obtain an invite code.
- Step 4: Use its Bridge feature at https://blast.io/en/bridge.
- Step 5: Use the dapps within its ecosystem.
- Aside from the below listed dapps, participants can also obtain points by joining:
- Step 6: Refer new users.
- Referrers will earn 16% of the referee’s points and 8% of the points of the referee’s referee.
- Step 7: Wait for the featured dapps that will give multipliers.
- Step 8: Monitor the points collected at https://blast.io/en/leaderboard.
Aside from Blast Points, the other 50% that is allocated to developers within its ecosystem is called Blast Gold, a special token within the Blast ecosystem that is manually distributed to dapps.
It depends on the dapp developers on how they will distribute Blast Golds to their users.
Initially, this campaign is scheduled to conclude in May 2024. However, the developers confirmed that they will be moving it to June 26, 2024.
The number of token rewards is also said to have increased due to the delay.
Blast Ecosystem: A List of Potential and Confirmed Airdrops
Aside from Blast itself, dapps built on top of it are also having an airdrop campaign, or even the community is speculating for an airdrop to happen.
Though its mainnet was just recently launched, there are already a number of dapps built on it.
Blaster
Blaster is a decentralized exchange that allows users to trade and launch tokens. It also promotes “gambling while farming both $BLAST and $BLSTR rewards!”
As of March 2024, an airdrop campaign is ongoing in line with its token’s pre-generation event. The airdrop rewards distribution is expected to happen on the second quarter of this year.
To join:
- Step 1: Go to https://blasterswap.com/airdrop/about.
- Step 2: Connect wallet. Accepted wallets are MetaMask, WalletConnect, Coinbase and Rabby.
- Step 3: Earn points:
- By trading at least $100.
- By providing liquidity pools.
- By referring new users.
- Step 4: Post a Blaster-related content on X to double the points.
- Step 5: Wait for the reward.
Wen
Wen (https://wen.exchange/) is a native NFT exchange that claims to focus on maximizing revenue for creators, buyers, and traders by distributing native yields with almost zero trading fees.
As of March 2024, its early access airdrop is ongoing. To join:
- Step 1: Go to https://wen.exchange/earlyaccess/join.
- Step 2: Connect wallet. Accepted wallets include MetaMask, Coinbase Wallet, and Phantom. Note: To be eligible, the wallet must have at least one Ethereum transaction.
- Step 3: Follow Wen on X at https://twitter.com/wen_exchange.
- Step 4: Join Wen’s Discord community at https://discord.com/invite/eT9fj7hTS9.
PacMoon
PacMoon (https://pacmoon.io/) is a meme coin project that claims to focus on community engagement and social media interaction for its value.
As of March 2024, its developers have confirmed an airdrop but the details are yet to be announced. It is currently in its early access phase where early access participants can earn a 10% airdrop bonus.
Just go to https://pacmoon.io/airdrop and enter an invite code to receive the bonus.
Cyber Finance
Cyber Finance (https://cyberfin.xyz/) is a decentralized perpetual exchange that offers up to 50x leverage on blue-chip tokens.
As of March 2024, a leaderboard system is ongoing in line with its early access campaign. To join:
- Step 1: Go to https://cyberfin.xyz/leaderboard?ref=wkskx.
- Step 2: Connect a wallet. Compatible wallets include MetaMask, Phantom, Rabby, and Rainbow.
- Step 3: Connect X account.
- Step 4: Follow Cyber on X: https://twitter.com/CyberFinance__.
- Step 5: Join Cyber on Discord for upcoming tasks: https://discord.com/invite/cyberfin.
This article is published on BitPinas: Blast Airdrop and Ecosystem Guide – How to Participate
Disclaimer:
- Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
- BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.
