The Ethereum Layer 2 community revealed details about its Season 2 rewards construction and the longer term imaginative and prescient for the chain.
Ethereum Layer 2 community Blast launched a weblog submit on July 2 detailing the incentives and rewards buildings for its Season 2, prompting its native token to fall one other 15%.
The submit 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 preserve the 50-50 airdrop cut up between Blast factors and Blast gold but additionally introduce a Golden Ticket system in its progressive internet app (PWA).
Customers can earn tickets based mostly 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 had been required to obtain the app with the intention 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 continuing 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 wanting 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-Switch” – none of which have come to fruition but.
