News Report Technology
April 02, 2024

Blast Launches Blast Points Bonus Initiative, Empowers Users to Boost Points Via DApps

In Brief

Blast launched Blast Points bonus system, allowing users to increase Blast Points by engaging in transactions on contract exchanges.

Blast Launches Blast Points Bonus Initiative, Empowers Users to Boost Points Via DApps

Ethereum (ETH) Layer 2 network Blast (BLAST) announced the launch of its Blast Points bonus system, allowing users to increase Blast Points by engaging in transactions on designated spot or perpetual contract exchanges.

According to the post on social media platform X, Points Boosting will enable users to permanently enhance points balances and yield. This Points Boosting can be obtained via specific decentralized applications (dApps). Additionally, users can also accrue Blast Points by utilizing designated dApps, with no restriction on transaction amounts.

Furthermore, users can transfer bonus points between different wallets, enabling them to earn bonus points using hot wallets and subsequently utilize them in their main wallet. This flexibility allows seamless management and utilization of bonus points across various wallet platforms.

Blast plans to roll out 12 point bonuses ahead of the redemption period in May. At present, users can earn the initial two-point bonuses by accessing the airdrop page on the Blast platform, with the remaining bonuses scheduled for release at a later date.

Keep track of cryptocurrency distributions in our Airdrops Calendar.

Blast Allocates 10 Million Blast Gold to Boost DApp Development and Community Support 

Blast provides a built-in yield model for ETH and stablecoins, offering a 4% interest rate for ETH and 5% for stablecoins. Founded by Tieshun Roquerre, the creator of the non-fungible token (NFT) marketplace Blur, Blast commenced operations in November in early access mode, following a $20 million investment from Paradigm and Standard Crypto, among other backers. As per the platform’s website, the total value locked (TVL) currently surpasses $2.5 billion. Recently, the platform introduced its mainnet.

Blast prioritizes incentivizing its community and nurturing the growth of its ecosystem. Recently, the platform has 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. It is anticipated that dApps will distribute all the received Gold to their users. Users can accumulate Blast Gold by engaging with dApps that have integrated Gold and are connected to the Points API.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
News Report Technology
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
November 21, 2024
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
News Report Technology
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
November 21, 2024
The Rise of the UAE as a Strategic Hub for Web3 Gaming Innovation and International Collaboration
Opinion Lifestyle Markets Technology
The Rise of the UAE as a Strategic Hub for Web3 Gaming Innovation and International Collaboration
November 21, 2024
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
News Report Technology
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
November 21, 2024