{"id":331741,"date":"2024-06-26T21:05:31","date_gmt":"2024-06-26T15:35:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=331741"},"modified":"2024-06-26T21:05:31","modified_gmt":"2024-06-26T15:35:31","slug":"how-much-will-the-blast-airdrop-be-worth-here-are-some-estimates-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/how-much-will-the-blast-airdrop-be-worth-here-are-some-estimates-crypto-news\/","title":{"rendered":"How Much Will the BLAST Airdrop Be Worth? Here Are Some Estimates – Crypto News"},"content":{"rendered":"
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Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game!<\/p>\n

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The Blast airdrop<\/a> is imminent. Today at 10 a.m. Eastern Time, a total of 17 billion BLAST tokens will be airdropped<\/a> to point farmers<\/a>, gold holders, and the Blast Foundation. But how much will BLAST be worth?<\/p>\n

There has been widespread speculation for months now, as people frantically farmed Blast Points and Gold. But once the token\u2019s tokenomics<\/a> were revealed yesterday, speculators have gotten more detailed in their estimates.<\/p>\n

Currently, the token is being traded on the Pro Whales pre-market<\/a> at $0.282. BLAST. The token\u2019s pre-market price peaked at $4.40 in late May, but its predicted price started to fall two weeks ago and plummeted from $2.50 to $0.0654 last week.<\/p>\n

Pro Whales predicts BLAST\u2019s fully diluted valuation<\/a> (FDV) to be just over $2 billion. But, other crypto industry observers have more bullish estimations.<\/p>\n

FDV is the total value of a cryptocurrency\u2019s entire supply in circulation. This value is calculated by multiplying the token price by total supply. So knowing how the entirety 17 billion BLAST tokens will be divided and how roughly how much gold has been farmed has given rise to predictions about the soon-to-be launched Blast token.<\/p>\n

Stats, the CCO at Memeland<\/a>, predicts that there will be a $8.5 billion FDV<\/a> due to the token having a low initial float and strong exchange listings<\/a>. Meanwhile, prominent Blast community member Loopify<\/a> has predicted an FDV range of $6 billion to $10 billion\u2014admitting it could be as low as $3 billion in the worst case scenario.<\/p>\n

Airdrop speculator OlimpioCrypto<\/a> reverse engineered the FDV formula, inputting values currently held by top Ethereum layer-2 projects. In the case that Blast equals Arbitrum\u2019s $8.3 billion FDV<\/a>, currently the highest of all the Ethereum layer-2<\/a> projects, BLAST tokens would trade for $0.083, OlimpioCrypto predicts. But, in the case it outperforms Arbitrum and reaches a $10 billion FDV the token price could be $0.10.<\/p>\n

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\ud83d\udfe1 $BLAST<\/a> PRICE SCENARIOS \ud83d\udfe1<\/p>\n

Comparing FDV scenarios with top Ethereum L2s \u2014 we can see that if blast outperforms all of them at a 10B FDV, token price would be $0.10 pic.twitter.com\/Fly2x255lm<\/a><\/p>\n

\u2014 olimpio (@OlimpioCrypto) June 25, 2024<\/a><\/p>\n<\/blockquote>\n<\/div>\n

In this best case scenario outlined by OlimpioCrypto, this would see 1 million Blast Points<\/a> being worth about $65 and 1 Blast GOLD<\/a> equaling $7.<\/p>\n

However Loopify predicts<\/a> that Blast GOLD could be worth as much as $8.75 in the best case scenario. This is because Loopify is considering extra factors such as 7 billion tokens being given to the Blast Foundation and the top 0.1% of wallets having tokens vested over a 6 month period.<\/p>\n

BLAST will have a total token supply of 100 billion. Out of that, 25.5% of the supply will go to core contributors to the network, 16.5% will go to the network\u2019s investors, 8% will go to the Blast Foundation supporting the network, and 50% has been set aside for community initiatives.<\/p>\n

In \u201cPhase One\u201d of the Blast airdrop, 17% of the total supply of BLAST tokens will be airdropped to eligible users. Network participants have accumulated Blast Points and Gold by interacting with the Blast network, this will translate into the user\u2019s portion of tokens.<\/p>\n

There is far less Blast Gold in circulation currently than Blast Points, so Blast Gold whales are expecting to receive a healthy portion of today\u2019s BLAST airdrop.<\/p>\n

Edited by Stacy Elliott<\/a>.<\/i><\/p>\n

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We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The Blast airdrop is imminent. Today at 10 a.m. Eastern Time, a total of 17 billion BLAST tokens will be airdropped […]<\/p>\n","protected":false},"author":2,"featured_media":331749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-331741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=331741"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331741\/revisions"}],"predecessor-version":[{"id":331752,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331741\/revisions\/331752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/331749"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=331741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=331741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=331741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}