The Ethereum Layer 2 community revealed details about its Season 2 rewards construction and the long run imaginative and prescient for the chain.
Ethereum Layer 2 community Blast launched a weblog put up on July 2 detailing the incentives and rewards constructions for its Season 2, prompting its native token to fall one other 15%.
The put up highlighted the similarities and variations between Blast’s season 1 and season 2, particularly its incentive construction and long-term imaginative and prescient. After a lackluster launch on June 26, token holders reacted poorly to the announcement.
The year-long second section will keep the 50-50 airdrop cut up between Blast factors and Blast gold but in addition introduce a Golden Ticket system in its progressive internet app (PWA).
Customers can earn tickets primarily based on their ETH, WETH, and USDB token holdings. These tickets implement a scratch-off mechanism, giving customers the possibility to earn factors, gold, Blast merch, and Tesla Cybertrucks.
After its token launch final week, Blast revealed its long-term imaginative and prescient and PWA, branding itself because the “full-stack chain.” Customers have been required to obtain the app so as to declare their airdrops.
Blast’s proposed future features a totally fleshed-out ecosystem that includes a local desktop and cell pockets to compete with Metamask, which permits customers to work together seamlessly with Blast L2 and its native dApps.
Regardless of the continued incentives, Blast’s TVL has fallen 21% within the final seven days, and the native token’s value is down 37% from its all-time excessive on its opening day.
As sentiment surrounding Blast continues to worsen, market contributors are trying again at Blur’s roadmap, which was revealed alongside its token in February 2023. The roadmap teased ERC-1155 integration, Artblocks integration, and the “F-Change” – none of which have come to fruition but.
