- The Blast airdrop of 17 billion BLAST tokens is happening today at 10 am Eastern Time, with tokens being distributed to point farmers, gold holders, and the Blast Foundation.
- There has been widespread speculation about the value of BLAST tokens, with estimates ranging from $0.0083 to $0.10 per token, based on factors like the token’s initial float, exchange listings, and comparisons to other Ethereum layer-2 projects.
- In the best-case scenario outlined, 1 million Blast Points could be worth around $65, and 1 Blast Gold could be worth around $7 to $875, depending on factors like token vesting for top wallets and the allocation to the Blast Foundation.
After months of farming and speculation, the Blast airdrop is here. How much will your points and gold be worth by the end of the day?
Blast Airdrop Details
The Blast airdrop is coming today at 10 am Eastern Time. A total of 17 billion BLAST tokens will be airdropped to point farmers, gold holders, and the Blast Foundation. There has been widespread speculation for months as people frantically farmed Blast Points and Gold. But once the token’s tokenomics were revealed yesterday, speculators have gotten more detailed in their estimates.
Current Trading Price
Currently, the token is being traded on the Pro Whales pre-market at 0.282 BLAST. The token’s pre-market price peaked at 0.440 in late May but its predicted price started to fall two weeks ago and plummeted from 0.250 to 0.00654 last week.
Price Predictions
In support of OlimpioCrypto‘s report, the listings price users are speculating on BLAST should be around 0.00319. Which is equivalent to a juicy $542 million airdrop for eligible users.
Pro Whales predicts BLAST’s fully diluted valuation (FDV) to be just over $2 billion. But other crypto industry observers have more bullish estimations.
Stats the CCO at Memeland predicts that there will be a $8.5 billion FDV due to the token having a low initial float and strong exchange listings. Meanwhile, prominent Blast community member Loopify has predicted an FDV range of $6 billion to $10 billion, admitting it could be as low as $3 billion in the worst case scenario.
Airdrop Estimates
Airdrop speculator OlimpioCrypto reverse engineered the FDV formula, inputting values currently held by top Ethereum layer-2 projects. In the case that Blast equals Arbitrum’s $8.3 billion FDV, currently the highest of all the Ethereum layer-2 projects, BLAST tokens would trade for 0.0083. OlimpioCrypto predicts. But in the case it outperforms Arbitrum and reaches a $10 billion FDV, the token price could be 0.010.
In this best case scenario outlined by OlimpioCrypto, this would see 1 million Blast Points being worth about $6.5 and 1 Blast GOLD equaling $7. However, Loopify predicts that Blast GOLD could be worth as much as $8.75 in the best case scenario.
Token Distribution
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’s investors, 8% will go to the Blast Foundation supporting the network and 50% has been set aside for community initiatives.
In Phase One 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’s portion of tokens.
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’s BLAST airdrop.
Conclusion
After months of speculation, the Blast airdrop is finally here. Estimates for the token’s price and airdrop rewards vary widely, but eligible users stand to earn a significant payday. The token’s trading price and distribution details will become clearer over the next 24 hours as the airdrop is completed.
