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Details of the phase 2 rewards for users have been revealed by Blast, an Ethereum Layer 2 network established by NFT marketplace Blur.
With 10 billion tokens allocated, the second round of user rewards—akin to the first round—will be split between Blast Points and Blast Gold, according to a blog post. Blast targeted 17 billion tokens for its first-phase incentives beginning this week.
“Phase 2’s main goals are to support the creation of mobile dapps and incentivize users to use those dapps via the Blast App,” company wrote in the post.
Five billion Blast tokens, or half of the second-phase awards, will be put aside for Blast Points. The project allows users to accumulate these points depending on their ETH, WESH, USDB, and BLAST balances.
Blast Gold, the project claims, will get another half of the prizes. Dapps will get gold depending on their performance on Blast’s mainnet and upcoming contests.
The project said, noting that it takes time to construct the initial infrastructure and support dapps in developing new applications on top of that infrastructure, that the phase 2 airdrop is intended to last 12 months. “The primary purpose of Phase 2 is to support the development of the full-stack chain.”
With a circulating quantity of 17.4 billion tokens, The Block’s price page shows the price of the Blast token declined 11% during the past 24 hours to $0.019.
Designed by Blur founder Tieshun Roquerre, Blast went live in early access mode in November 2023. Data from DefiLlama shows that the total value locked on Blast at the time of writing was $1.36 billion, whereas on June 6, it recorded $2.3 billion.