Blast's First Airdrop Arrives: Why Are User Reviews Mixed?

Previously, ZKsync and LayerZero faced significant user dissatisfaction due to their airdrop rules. Yesterday, Blast initiated its airdrop and listed on multiple exchanges. Blast's high visibility on various monitoring platforms showcases its popularity. Compared to ZKsync and LayerZero, user reviews for Blast's airdrop are polarized.

Airdrop Details

Yesterday, Blast officially opened its airdrop claims and revealed its tokenomics. The total supply of BLAST is 100 billion, with 50% allocated for community airdrops. The first phase of the airdrop comprises 17% of the total supply.

Airdrop Allocation:

The first airdrop will distribute 17% of the total BLAST supply (17 billion tokens) among users. This 17% is broken down into:

• 7% for Blast Points
• 7% for Blast Gold Points
• 3% for Blur Foundation

For the top 0.1% of users (approximately 1000 addresses), airdrops will be linearly released over six months, contingent on meeting monthly points thresholds, encouraging continuous interaction.

Additionally, the 3% allocated to the Blur Foundation will be distributed as follows:

• 0.5% to Q3 traders, 0.5% to BLUR stakers
• 0.5% to Q4 traders, 1% to BLUR stakers
• 0.5% reserved for the Blur team

Reasons for Mixed Reviews

Blast's airdrop followed ZKsync and LayerZero, leading to higher market tolerance for its rules. The announcement of no sybil hunt for addresses further garnered support from “airdrop hunter studios.”

Community feedback indicates that diligent dapp task completion can yield significant points, with minimal investment required. Small-scale investments can potentially double returns, making Blast appealing to studios and regular users. However, high-net-worth users, contributing significantly to Blast's TVL, received fewer airdrops, sparking dissatisfaction.

For example, Christian, co-founder of crypto fund NDV, invested over $50 million in Blast but received only 20,912,000 BLAST tokens, worth approximately $540,000, of which only $100,000 was immediately accessible due to the linear unlocking mechanism. Christian labeled Blast as a scam project and called its founder Pacman a “serial rug entrepreneur.”

Data shows that over 12.5 billion tokens have been claimed, representing 89.87% of the total airdrop amount, with 273,010 addresses participating in the claim.