Blast’s success is only due to the community of users and builders that contribute to the ecosystem. 50% of the total BLAST supply is reserved for the community and will be distributed through incentive campaigns. 100% of this allocation will go directly to the community. The community allocation unlocks linearly over 3 years from the date of the TGE and any distributions will be according to schedules determined by the Blast Foundation.
All tokens distributed to core contributors are subject to a 4 year lockup period, with 25% of the core contributor tokens unlocked 1 year after the date of the TGE, followed by a linear unlock each month over the following 3 years.
All tokens distributed to investors are subject to a 4 year lockup period, with 25% of the investor tokens unlocked 1 year after the date of the TGE, followed by a linear unlock each month over the following 3 years.
The Foundation allocation will be held in reserve to be used towards critical infrastructure and further growing the Blast ecosystem. The Foundation allocation is unlocked linearly over a 4 year period from the date of the TGE.
Users that bridged ETH or USDB to Blast bootstrapped the initial liquidity on
the Blast ecosystem and earned Blast Points throughout Phase 1. These
users will be rewarded with 7% of the total BLAST supply.
The top 0.1% users (~1000 wallets) will vest part of their airdrop linearly
over 6 months. Vesting is subject to reaching a monthly Points threshold
based on Phase 1 activity. Further details will be available on June 26.
Phase 2 was originally scheduled to end in June 2025, running for 12 months with an allocation of 10 billion BLAST. However, with the release of Blast Mobile, we are transitioning to new tokenomics that allow users and dApps to earn liquid BLAST rewards directly, rather than through points and Gold.As part of this transition, Phase 2 will now conclude in January 2025 with a prorated allocation of 5 billion BLAST.
Users that helped to maintain liquidity across the blast ecosystem by bridging and holding balances of ETH, USDB, and/or BLAST earned Blast Points throughout Phase 2. These
users will be rewarded with 2.5% of the total BLAST supply.