Blast Launches Blast Points Bonus Initiative, Helping Users Increase Their Points Through DApps
Posted: April 2, 2024 5:05 AM Updated: April 2, 2024 5:05 AM
Edit and fact check date: April 2, 2024, 5:05 a.m.
briefly
Blast launched the Blast Points bonus system, allowing users to increase their Blast Points by participating in contract swap transactions.
Ethereum (ETH) layer 2 network Blast (BLAST) announced the launch of the Blast Points Bonus System, which allows users to increase their Blast Points by participating in transactions at designated locations or perpetual contract exchanges.
According to a post on social media platform This point boosting can be achieved through certain decentralized applications (dApps). Users can also earn Blast points by utilizing designated dApps without any limit on transaction amount.
Users can also transfer bonus points between different wallets, allowing them to earn bonus points using a hot wallet and then utilize them in their primary wallet. This flexibility allows you to seamlessly manage and utilize your bonus points across a variety of wallet platforms.
Blast plans to launch a 12-point bonus ahead of the May redemption period. Currently, users can access the airdrop page on the Blast platform to get an initial 2-point bonus, with the remaining bonuses to be released later.
Blast allocates 10 million Blast Gold to strengthen DApp development and community support.
Blast offers a built-in yield model for ETH and stablecoins, offering interest rates of 4% for ETH and 5% for stablecoins. Founded by Tieshun Roquerre, the creator of non-fungible token (NFT) marketplace Blur, Blast began operating in early access mode in November after raising $20 million from backers including Paradigm and Standard Crypto. According to the platform’s website, its current total value locked (TVL) exceeds $2.5 billion. Recently, the platform launched its mainnet.
Blast prioritizes incentivizing the community and fostering the growth of the ecosystem. Recently, the platform allocated 10 million Blast Gold to Big Bang winners, mainnet DApps, and users to foster the growth of dApps on the platform.
The purpose of Blast Gold is to encourage dApp development by allowing dApps to incentivize users with Gold using the Blast Points API. The dApp is expected to distribute all received gold to users. Users can accumulate Blast Gold by consolidating gold and participating in dApps connected to the Points API.
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As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With her keen eye for emerging trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
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alice davidson
As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With her keen eye for emerging trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
more articles