The BLAST token is considered one of the best launches of 2024 so far. Investors have high expectations for the cryptocurrency. Check out why the asset is considered so promising and learn how to invest in it safely.
What is the BLAST token
Blast is a layer 2 network of Ethereum and has the BLAST token as its native currency. It was created by Tieshun Roquerre, developer of the Blur NFT platform, and has been successful since its launch.
BLAST is an ERC-20 utility token that can be used as a means of payment and rewards. An interesting fact is that it surpassed US$ 1 billion in total locked value in just one month.
Tokenomics
The total expected supply of BLAST in the market is 100 billion units, with 50 billion reserved for the community in the form of airdrops, 25.5% for people who contribute to the project, 16.5% for investors, and 8% for infrastructure and ecosystem expansion.
Airdrop
The BLAST token airdrop released 17% of the total supply to eligible users, with 7% going to users who transferred ETH or USD on the Blast network, 7% to users who contributed to the success of DApps (decentralized applications) on the Blast network, and 3% going to Blur for future airdrops.
The reason for limiting the tokens available to the community is simple: it is an effective price control mechanism used to prevent inflation.
Blast Platform
The BLAST token runs on its own blockchain, called Blast. The network specializes in dApps and DeFi solutions, with a variety of features for developers.
The specific focus of the token network is to offer rewards for engagement. It is a layer 2 with native income focused on airdrops and profitability.
Users earn income by holding assets on the blockchain, without the need to interact directly with DeFi protocols. This happens through ETH staking and RWA protocols through an automatic rebasing system.
Tools to monitor the BLAST price on NovaDAX
Did you enjoy learning about another excellent cryptocurrency option to include in your portfolio and diversify your investments? Then find out how to monitor the BLAST price.
Real-time updated charts
NovaDAX offers users a series of features, such as real-time updated charts with the price of coins. Through them, you can easily view market movements, compare the performance of various assets and make the best choices.
Advantages of investing in NovaDAX
After all, with so many cryptocurrency exchanges on the market, why invest in NovaDAX? See some reasons below.
Best rates for Latin America
NovaDAX offers the best rates for all of Latin America. This way, you invest while spending less and optimizing your cryptocurrency investments.
Security, transparency and practicality
The NovaDAX platform provides transparent, practical, accessible and 100% secure trading. Anyone can invest easily, even without experience with cryptocurrency investments, because the entire process is quite intuitive.
Over 500 tokens to diversify your portfolio
NovaDAX has over 500 cryptocurrency options in its portfolio. This is your opportunity to diversify your investment portfolio and increase your chances of obtaining good returns.
Don't waste time: access the NovaDAX platform and create an account for free to buy and sell cryptocurrencies, such as BLAST token and much more.
