Blast Airdrop is Coming! What Will the Token Value Be?
Blast airdrop is just a matter of time! Today at 10:00 a.m. Eastern Time, a total of 17 billion BLAST tokens will be airdropped to point collectors, gold holders, and the Blast Foundation. But how much value will BLAST be worth?
For months, speculation was rampant as people frantically farmed Blast Points and Gold. But when the token’s tokenomy was announced yesterday, speculators became more detailed in their predictions.
Currently, the token is trading at $0.282 on the Pro Whales presale market. BLAST’s presale price reached $4.40 in late May, but its estimated price began falling two weeks ago, falling from $2.50 to $0.0654 last week. Pro Whales estimates BLAST’s fully diluted valuation (FDV) will be just over $2 billion. However, cryptocurrency market observers have more bullish predictions.
FDV is the total value of the total circulating supply of a cryptocurrency. This value is calculated by multiplying the token price by the total supply. So knowing how the 17 billion BLAST tokens will be divided and approximately how much gold has been farmed has led to predictions about the soon-to-be-launched Blast token.
Stats, Memeland’s CCO, estimates an FDV of $8.5 billion due to a low initial offering and strong exchange listings. Leading Blast community member Loopify, on the other hand, predicted an FDV range of $6 billion to $10 billion, admitting it could be as low as $3 billion in a worst-case scenario.
Airdrop speculator OlimpioCrypto reverse-engineered the FDV formula, inputting the values currently held by top Ethereum layer-2 projects. If Blast equals Arbitrum’s FDV of $8.3 billion, which is currently the highest FDV of all Ethereum layer-2 projects, BLAST tokens will trade at $0.083, predicts OlimpioCrypto.
But if it surpasses Arbitrum and reaches an FDV of $10 billion, the token price could be $0.10. In this best case as outlined by OlimpioCrypto, 1 million Blast Points is expected to be worth around $65, while 1 Blast GOLD is expected to be worth $7.
However, Loopify predicts that Blast GOLD could be worth up to $8.75 in a best-case scenario. This is because Loopify takes into account additional factors such as 7 billion tokens being awarded to the Blast Foundation and the top 0.1% wallets having tokens vested over a 6-month period.
BLAST will have a total supply of 100 billion tokens. 25.5% of this supply will go to the network’s core contributors, 16.5% to the network’s investors, 8% to the Blast Foundation, which supports the network, and 50% is reserved for community initiatives.
In “Phase One” of the Blast airdrop, 17% of the total BLAST token supply will be airdropped to qualifying users. Network participants accumulate Blast Points and Gold by interacting with the Blast network, which will translate into the user’s amount of tokens.
There is currently much less Blast GOLD on the market based on Blast Points, so Blast GOLD whales expect to receive a healthy share of today’s BLAST airdrop.