Blast Phase 2 User Rewards Announcement

Blast, an Ethereum Layer 2 network, recently unveiled its Phase 2 user rewards program. The allocation comprises 10 billion tokens segregated into Blast Points and Blast Gold, following the prior distribution of 17 billion tokens in Phase 1.

Phase 2, as per the official statement, is designed to facilitate the advancement of mobile dApp development and provide incentives to users through the Blast App. Half of the rewards in this phase, equivalent to 5 billion Blast tokens, will be designated for Blast Points. Users have the opportunity to accumulate these points based on their ETH, WETH, USDB, and BLAST holdings.

The remaining 5 billion tokens are earmarked for Blast Gold. Dapps will receive Gold based on their performance on Blast's mainnet and in upcoming competitions, fostering engagement and innovation within the ecosystem.

The Phase 2 airdrop is scheduled to span 12 months to bolster the development of the full-stack chain. Blast underscores the importance of dedicating time to construct the foundational framework and support the integration of new dapps.

Despite a recent 11% decline in Blast's token price to $0.019 over the last 24 hours, with a circulating supply of 17.4 billion tokens, DefiLlama data indicates a reduction in total locked value from $2.3 billion to $1.35 billion since June 6.

The token distribution strategy in Blast's Phase 2 accentuates the network's strategic focus on nurturing ecosystem expansion and enhancing user engagement within Ethereum's Layer 2 landscape.