What is Blast (BLAST)

1. Project Introduction
Blast Network is an Ethereum Layer 2 solution that offers native yield for ETH and stablecoins. Blast yield comes from ETH staking and RWA protocols. The yield from these decentralized protocols is passed back to Blast users automatically.
Summary: Blast is developed by Pacman, the founder of Blur. As a leader in the NFT marketplace, Blur has a huge user base. Blast garnered significant attention with its airdrop campaigns during its initial launch in 2023.

2. Team & Investment Info
Blast is developed by Pacman, X: @PacmanBlur.
Funding: In October 2023, Blast raised $20 million in funding, with contributions from notable investors, including Paradigm, Standard Crypto, eGirl Capital, and angel investors like Andrew Kang (Co-founder of Mechanism Capital), Hasu (Strategic Advisor at Lido), and Larry Cermak (CEO of The Block).

3. Social Media URLs
X: https://x.com/Blast
Discord: https://discord.com/invite/blast-l2

4. Token Info
Token Symbol: BLAST
Total Supply: 100,000,000,000
Token Type: Blast
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://blastscan.io/token/0xb1a5700fA2358173Fe465e6eA4Ff52E36e88E2ad
Token Distribution:
Community: 50%, no lockups, linear unlock over 3 years;
Core Contributors: 25.5%, 25% unlocked 1 year after the date of the TGE, followed by a linear unlock each month over the following 3 years;
Investors: 16.5%, 25% unlocked 1 year after the date of the TGE, followed by a linear unlock each month over the following 3 years;
Blast Foundation: 8%, linear unlock over a 4 year period from the date of the TGE.

5. Related Links
Official Website: https://blast.io/en
Other Info: https://defillama.com/chain/Blast

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.