Blast announced its token economic model, with 50% of the total supply to be airdropped to the community

ChainCatcher news, Blast announces its token economic model, with a total supply of 10 billion BLAST tokens.

Token distribution:

• 50% will be airdropped to the community, with an initial airdrop amount of 1.7 billion tokens.
• 25.5% allocated to core contributors, with a 4-year lock-up period, where 25% of the core contributor airdrop tokens will be unlocked 1 year after the TGE, and then unlocked monthly thereafter;
• 16.5% allocated to investors, with a 4-year lock-up period, where 25% of the investor tokens will be unlocked 1 year after the TGE, and then linearly unlocked monthly over the next 3 years;
• 8% allocated to the Blast Foundation as reserves for ecological development, with foundation grants linearly unlocked over 4 years starting from the TGE.

Of the 1.7 billion initial airdrop, 7% of the tokens will be allocated to Blast Points users (who cross-chain ETH or USDB to Blast, guiding initial liquidity on the Blast ecosystem); 7% will be allocated to Blast Gold (users contributing to Blast's DApps); the Blur Foundation will receive 3% of the total supply of BLAST for distributing retrospective airdrops and future airdrops to the Blur community.