Blast Tokenomics Overview and Details

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Blast is a decentralized, community-driven tokenomics system that rewards users for participating in the ecosystem.

The Blast token has a total supply of 100 million tokens, with 50% allocated to the community and 25% reserved for the development team.

Each transaction on the Blast network incurs a 1% transaction fee, which is then redistributed to token holders.

Token holders can stake their tokens to earn a share of the transaction fees, creating a passive income stream.

Tokenomics Overview

Blast's tokenomics is designed to foster long-term commitment and drive the platform's growth.

The token distribution strategy includes a detailed breakdown of the token allocation, but unfortunately, that information is not provided in the given article sections.

$NOOB is the official token of FLG studio, and over 3M $NOOB had been spent in the in-game shop on cosmetics and Blast Bucks even before the token was live.

Here are some of the utilities and opportunities that $NOOB will bring:

  • $Buying cosmetics in-game
  • Convert to Blast Bucks for more opportunities in the in-game shop
  • Token of the FLG studio, every future game will be $NOOB-powered
  • Special game mode
  • [SOON] Open marketplace in-game
  • [SOON] Web3 tournaments with sponsorship
  • [SOON] NFT Rental
  • [SOON] Blast Royale global launch
  • [SOON] Governance

Blast's Governance Token, BLaste, allows holders to vote on proposals and decisions regarding the platform's future.

Tokenomics

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Blast's token distribution strategy aims to foster long-term commitment and drive the platform's growth. The total token supply is 1 billion, which is a significant amount.

A large portion of the tokens is allocated to the community, with 50% going directly to them, as seen in the token allocation overview. This ensures a fair and balanced ecosystem.

The Blast team and advisors receive 20% of the tokens, while 20% is allocated for ecosystem development and partnerships. The remaining 10% is split between liquidity provision and future development.

The dual-token system helps to reduce token velocity, as the utility of BLST tokens is tied to the Blast platform. This encourages holders to keep their BLST tokens, reducing the circulation and velocity of the tokens.

The governance token, BLaste, allows holders to vote on proposals and decisions regarding the platform's future. It's distributed through community rewards and staking, encouraging active participation and a strong community.

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Here's a breakdown of the token allocation:

The Blastverse is powered by $NOOB, which can be earned through various means such as Blastpass, giveaways, and limited-time events. Over 3 million $NOOB had been spent in the in-game shop on cosmetics and Blast Bucks before the token was live.

Blur Foundation 3B (3%)

The Blur Foundation receives 3% of the total BLAST supply, which is 3,000,000,000 BLAST tokens.

This allocation is specifically set aside to distribute to the Blur community through both retroactive and future airdrops.

The distribution will be handled by the Blur Foundation, giving them a key role in supporting the community.

Token Distribution

Blast's token distribution is designed to be fair and balanced, with a large portion allocated to the community. This is a refreshing change from many other blockchain projects, where a significant portion of tokens go to the team and investors.

The total token supply is 1 billion, with 40% allocated for community rewards and staking. This means that a substantial amount of tokens will be distributed to users who participate in the Blast ecosystem.

Here's a breakdown of the token allocation:

The Blast Foundation holds 8% of the tokens, which will be used for critical infrastructure and growing the ecosystem. These tokens are unlocked linearly over a 4-year period.

Token Allocation

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Token Allocation is a crucial aspect of the Blast ecosystem, determining how the BLAST supply is distributed among different stakeholders. The total BLAST supply is 100 billion.

The community plays a vital role in Blast's success, and as such, 50% of the total BLAST supply is reserved for the community. This allocation will be distributed through incentive campaigns, with 100% of it going directly to the community.

The community allocation unlocks linearly over 3 years from the date of the TGE, with distributions according to schedules determined by the Blast Foundation. This ensures a steady and fair distribution of tokens to the community.

The Blur Foundation will receive 3% of the total BLAST supply to distribute to the Blur community for both retroactive and future airdrops. This allocation is a significant contribution to the community's growth and development.

Blast Points are earned by users who helped maintain liquidity across the Blast ecosystem by bridging and holding balances of ETH, USDB, and/or BLAST. These users will be rewarded with 2.5% of the total BLAST supply.

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Users who bridged ETH or USDB to Blast bootstrapped the initial liquidity on the Blast ecosystem and earned Blast Points. They will be rewarded with 7% of the total BLAST supply.

Blast Gold is earned by users who contributed to the success of Dapps. They will be rewarded with 7% of the total BLAST supply.

Here's a breakdown of the token allocation:

Community 50,000,000,000 (50%)

The Blast community is a vital part of the ecosystem, and it's great to see that 50% of the total BLAST supply is reserved for them.

This allocation is a whopping 50,000,000,000 BLAST tokens, and it's distributed through incentive campaigns. 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.

The community plays a crucial role in Blast's success, and this allocation recognizes their hard work and dedication.

Here's a breakdown of how the community allocation is unlocked:

Token Mechanics

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Blast tokenomics has a unique approach to token mechanics.

The Blast token, BLAST, is a BEP-20 token, meaning it's built on the Binance Smart Chain. This allows for fast and low-cost transactions.

In the Blast tokenomics, there's a 2% tax on every transaction, which is then redistributed to holders through a buyback and burn mechanism. This helps maintain a healthy token supply.

Token Burn Mechanism

The token burn mechanism is a clever way to control the supply of a token. It works by using a portion of the transaction fees to buy back and burn the tokens, reducing the total supply.

This process increases the scarcity and value of the token. As fewer tokens are available, the value of each one goes up.

By decreasing the supply, the token burn mechanism incentivizes holders to keep their tokens, as they'll become more valuable over time. This can lead to a more stable and secure token economy.

The Blast tokenomics is a great example of this, where a portion of the transaction fees are used to buy back and burn BLST tokens, making them scarcer and more valuable.

Token Velocity

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Token velocity is a crucial aspect of tokenomics that can have a significant impact on a project's long-term success.

A high token velocity can lead to inflation, as more tokens are being traded without an increase in value.

The dual-token system of Blast helps to reduce token velocity by tying the utility of BLST tokens to the Blast platform.

This encourages holders to keep their BLST tokens, reducing the circulation and velocity of the tokens.

By reducing token velocity, Blast can maintain a more stable token economy and prevent inflation.

Supply and Vesting

Supply and vesting are crucial aspects of Blast tokenomics. Supply Metrics measures the difference between circulating and unlocked token supplies in the vesting schedule.

This discrepancy can impact token liquidity and market dynamics. A healthy token economy needs a balance between circulating and locked tokens to maintain stability.

The top 0.1% users, approximately 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.

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Reaching this threshold will determine the vesting schedule for these top users. Further details about the Points threshold and vesting schedule will be available on June 26.

Risk of Dilution measures the long-term price stability of a token as new tokens are vested throughout the vesting period. This evaluation assesses the potential risk of dilution that might occur.

A stable token price is essential for investor confidence and a strong token economy.

Risk and Governance

Blast tokenomics is not without its risks, and understanding these risks is crucial for investors and users. A key risk is the potential for market volatility, which can lead to significant price fluctuations in the blast token.

The blast token's market capitalization is relatively small, making it more susceptible to price swings. This is due to the limited supply of tokens, which can lead to increased demand and subsequent price increases.

To mitigate these risks, the blast token's governance structure is designed to be community-driven, with decisions made through a decentralized voting process. This allows for more transparent and accountable decision-making.

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However, this governance structure also introduces its own set of risks, such as the potential for token holders to vote in ways that benefit themselves at the expense of the community. This can lead to a lack of trust and cohesion within the community.

Ultimately, the success of the blast token will depend on its ability to balance risk and governance, creating a stable and sustainable ecosystem for all users.

Unique Features

Blast tokenomics has a unique feature where a portion of the tokens is allocated to the community through airdrops. This helps to increase adoption and user engagement.

The Blast tokenomics model has a total supply of 1 billion tokens, with a fixed maximum supply. This ensures that the token's value is not diluted over time.

Blast's tokenomics design includes a 3% tax on each transaction, which is then redistributed to the community. This creates a self-sustaining ecosystem where the community benefits from the token's growth.

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The Blast tokenomics model also has a 2% tax on each transaction, which is used to buy back and burn tokens. This helps to reduce the total supply and increase the token's value over time.

By having a fixed maximum supply and a tax mechanism to reduce the total supply, Blast's tokenomics model creates a deflationary economy. This is in contrast to inflationary economies, where the total supply of tokens increases over time.

Development and Future

Blast is committed to creating a robust ecosystem that supports both developers and users. This commitment is evident in the substantial development of its DEX projects.

Thruster, a Blast-based decentralized exchange protocol, has successfully raised $7.5 million in a seed funding round led by Pantera Capital. This funding will help Thruster build a yield-first DEX on Blast for the best Blast-native teams and tokens to build on.

TnTSwap is an innovative blockchain platform built on Blast, combining DEX, NFT, Game, DAO, and more. StarSwap is a universal liquidity solution for cross-chain trading, while MonoSwap is a native yield reimagined, offering superior returns compared to stablecoins.

Future Development

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Blast's platform can continue to evolve and improve with a portion of the total token supply allocated for future development.

This allocation ensures a stable and balanced ecosystem, which is crucial for the long-term success of the platform.

A portion of the total token supply is dedicated to future development, allowing the platform to stay up-to-date with the latest technologies and innovations.

This forward-thinking approach helps Blast's platform stay competitive and relevant in a rapidly changing market.

By investing in its own future development, Blast's platform can continue to provide users with a high-quality experience.

Recent Developments

Blast's ecosystem is rapidly growing with new projects emerging. Thruster has successfully raised $7.5 million in a seed funding round led by Pantera Capital.

The Blast-based decentralized exchange protocol, Thruster, is building a yield-first DEX on Blast for the best Blast-native teams and tokens to build on. This is a significant development for the ecosystem.

TnTSwap is an innovative blockchain platform built on Blast, combining DEX, NFT, Game, DAO, and more. This platform is pushing the boundaries of what is possible on the Blast network.

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StarSwap is a universal liquidity solution for cross-chain trading, making it easier for users to trade across different chains. This is a game-changer for users who want to trade across different ecosystems.

Monoswap is introducing Blast-native v3 liquidity hub, featuring native yield. Users and LPs receive 100% ETH + USDB + Blast Points yields in MUSD, offering superior returns compared to stablecoins.

These projects highlight Blast’s commitment to creating a robust ecosystem that supports both developers and users.

Wilbur Huels

Senior Writer

Here is a 100-word author bio for Wilbur Huels: Wilbur Huels is a seasoned writer with a keen interest in finance and investing. With a strong background in research and analysis, he brings a unique perspective to his writing, making complex topics accessible to a wide range of readers. His articles have been featured in various publications, covering topics such as investment funds and their role in shaping the global financial landscape.

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