June 4th, 2024, Chainwire

BlastOff, a pioneering native Yield-based LaunchPad and Yield Aggregator operating on the Blast network, is gearing up to introduce its native token, $OFF, subsequent to a successful Initial Dex Offering (IDO).

Key Highlights of BlastOff:

• Recognized Innovation: BlastOff's unique concept secured the second position in the renowned Blast Big Bang event, underscoring its innovative approach.
• Impressive Testnet Performance: Demonstrating $24 million in Total Value Locked (TVL) on the testnet, BlastOff showcased remarkable user engagement. The anticipated launch of more lucrative vaults on the mainnet is expected to match or exceed this performance.
• Thriving Community Base: With over 100,000 active followers across multiple platforms, BlastOff exhibits a robust user community.
• Strategic Partnerships: Forming 36 strategic alliances within the DeFi sector equips BlastOff with vital resources and expertise for expansion.
• Sold-Out IDO: The $OFF IDO witnessed full subscription, indicating substantial engagement and trust in the platform.

Understanding the Blast Network

At the core of BlastOff lies the Blast network, an Ethereum Layer 2 (L2) solution offering native yield and automated compounding. Noteworthy features include:

• Automatic Rebasing: Users benefit from compounded interest without manual effort.
• Layer 1 Staking: Introduces additional yield on Blast's Layer 1.
• T-Bill Yield: Harnessing MakerDAO's T-Bill protocol to generate extra yield for USDB, Blast’s auto-rebasing stablecoin.

Innovating IDOs with Native Yield IDOs (YIDOs)

Introducing Native Yield IDOs (YIDOs), BlastOff enables users to stake ETH or stablecoins to support emerging projects and earn yields without direct capital investment. Advantages of YIDOs encompass passive income potential, early project access, and portfolio diversification.

YZone - Maximizing Yield Generation

YZone, an innovative yield aggregator within the Blast ecosystem, aims to surpass Blast’s native yield through strategic collaboration with Governance. Yield opportunities are segmented based on risk profiles.

Unlocking Unrealized Yield via the Future Yield Minter Vault

The Future Yield Minter Vault permits users to stake ETH and mint up to 5 years’ yield initially, extendable to 10 years, seamlessly integrating with Blast’s DeFi ecosystem.

$OFF Token Utilities

The utilities associated with $OFF are structured to reward active and dedicated participants in the BlastOff ecosystem. By staking $OFF, users enhance their Blast Force Score, unlocking diverse benefits across the platform, including higher YIDO allocations, reduced fees for yield generation, potential for higher yields in YZone, governance participation, community incentives, treasury revenue sharing, and increased earnings in YZone.

Advantages of Projects Using BlastOff:

• Enhanced Fundraising Scope: Projects leveraging BlastOff and its engaged user base can secure more capital through YIDOs.
• Broad Exposure: Launching on BlastOff facilitates projects in reaching a wider audience.
• Efficient Fundraising Process: BlastOff provides a user-friendly platform for projects to conduct their IDOs effectively.

Team and Token Insights

The adept BlastOff team comprises 8 seasoned professionals with extensive experience in Launchpad and DeFi integration. They have been instrumental in constructing and overseeing Launchpads since 2021.

The official listing of BlastOff's native token, $OFF, is forthcoming on Thruster and MEXC.

• Token Ticker: $OFF
• Token Chain: Blast, Polygon
• Total Supply: 10,000,000
• Initial Market Cap (excluding liquidity): $232,500
• Listing Date: June 5, 2024, 10 a.m. UTC
• Listing Price: $0.4
• Market Makers: Trireme Trading

For updates, individuals can follow BlastOff's official announcements.

Contact

BD & Comms - Oliver Mills

BlastOff

[email protected]

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