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The Airdrop Will Be 50% Vested
Airdrop News, Pacmoon Dump, D1 Anger, Fantasy Tactics Launch
Welcome to Blast Beat.
If you’re reading this, know that it’s not too late to farm some Blast Gold.
Nothing in the newsletter or on my Twitter account should be considered financial advice. This is my own opinion and I’m just writing about what I see out there. You are responsible for what you do with your money and crypto.
We’ll run this every day until TGE on June 26th. If it’s too long, just skip to the Action points in yellow.
Notable Numbers
Current Gold Estimate: $7 +/-
Remaining Gold Waves: 0
Jackpots Distributed: 23
Days Until TGE: 6 days
Blast Beat | June 20
Well well. I decided to log off for two days to get some much needed yard work done, and in retrospect it couldn’t have been a worse time for it.
SO MUCH has happened since the Monday newsletter. And I should have known it would be this way; after all, we knew the last few days would be a total frenzy for gold collection.
But my goodness. The hits haven’t stopped. Lets get into it.
In Today’s edition:
The Airdrop Will Be 50% Vested
Unstake Your Blastin’ Pepes!
Pacmoon Launches V3 | Token Tanks
District One Angers Community
Fantasy Top Tactics Goes Live
Last-Minute Farms
The Airdrop Will Be 50% Vested
Many airdrops in crypto come with a vesting requirement; meaning users can’t claim the full allocation of their airdrop right away. Many protocols have put this in place to combat major price dumps and try to retain users.
And now we’re hearing rumors that the same may happen for Blast Gold, and that the airdrop might be up to 50%!
what do we know about @Blast_L2 airdrop based on the test contracts:
-yes, there will be vesting
currently looks like it will be 50% of tokens above specific threshold (not set atm)
probably gonna be ethena-style, where whales get 50% at tge and 50% over a time period
(1/4)
— nyax (@nyaxeth)
6:16 PM • Jun 20, 2024
TLDR on Vesting:
The contract points to 50% vesting for Gold.
It may be weighed based on total airdrop tokens (higher for whales).
There’s a Liquidity Oracle which could mean we stake tokens.
There’s an ERC-20 Votes option, likely for some form of governance.
Supply might be 100B.
Community Reactions:
Trenches are telling me 50% of Blast airdrop will be vested
— Cirrus (@CirrusNFT)
5:45 PM • Jun 20, 2024
50% vesting on $BLAST is fine only if airdrop is >20% of total supply. If they airdrop only 10-12%, it just gonna lead to massive fud. Hopefully they know it.
— CBB0FE (@Cbb0fe)
6:45 PM • Jun 20, 2024
I always have had faith in @PacmanBlur doing the right things
He def is taking notes and I agree with CBB here, vesting is okay as long as the supply of the airdrop is way bigger than expected
Cant airdrop a few % and than vest it for long periods, would just destroy BLAST
— MoonCat2878 (@mooncat2878)
6:51 PM • Jun 20, 2024
Turns out people have strong opinions about vesting lmao
What a day
No matter what anyone else thinks, you can’t say Blast didn’t bring the fun back
Let’s ride
— IcoBeast.eth🦇🔊 (@beast_ico)
6:51 PM • Jun 20, 2024
Action: I think this vesting option will be gamified, as in not-dumping your claim allows you to claim the additional 50% at a later date.
So be ready to make a hard decision next week.
Unstake Your Blastin’ Pepes!
This is a quick one, and you’ll only have about 15 minutes left to do it by the time you read this - unstake your blastin pepe from wasabi ASAP!
The reason? Their reveal is today at 4:20pm ET, and any staked BP will be eligible for withdrawal from the pool.
How that works: If you have your BP + your 1000 tokens staked in Wasabi, your BP is basically “locked” in a pool with other BP NFTs. So when you withdraw, you get a random BP from the pool, rather than the one you locked before the reveal.
So in the off chance you get a very rare BP, you want your assets unstaked so that you don’t lose it in the pool.
Action: If that sounded confusing, that’s ok. Just do it, and then lock it back into Wasabi after reveal if you don’t get a rare.
Wen Reveal???
🟢Tomorrow, Thursday June 20th @ 4:20 PM EST🟢
Here’s what you need to know:
👇👇👇👇👇👇👇👇👇👇⚪️ 1 Blastin’ Pepe NFT will be unveiled for every 1000 un-staked bPEPE in your wallet
⚪️ After reveal you can lock your NFT on the Wasabi Collect page, keeping it… x.com/i/web/status/1…
— Blastin' Pepes (@blastin_pepes)
2:28 PM • Jun 19, 2024
Pacmoon Launches V3 | Token Tanks
Pacmoon was forced to scramble on its V2 system after Twitter made Likes private - and yesterday they launched V3, which is a hybrid version of V1/V2.
How it works:
The Pacmoon account is now validating tweets again for points (they stopped after V1).
Validators (holders of 10k+ $PAC) can still validate content tweets, and liking FEWER tweets is encouraged.
Otherwise same system.
Mixed Reactions:
Many are applauding the Pacmoon team for pivoting so quickly.
They just hit 100,000 holders this morning as well, so more people are buying in at this point.
Yet the token is down 25% on the news, sitting at about $0.95.
Action: If you’re holding, would be a shame to sell now (unless you need the liquidity). This was an awkward development for the team to pivot around, but its hard to bet against them at this point. No doubt they’ve got plans for TGE.
District One Angers Community
D1, one of the top gold-earning dapps on Blast, unveiled their much-anticipated new platform yesterday, Meme Labs.
The launch was confusing, as it allows anyone to launch a token with a set hard or soft cap and a limited buy-in period, and does away with the previous system of chat room voting.
How the new system works:
133,000 gold goes out every day
The gold is allocated to creators + users who fund token launches
As a result, all tokens dump as soon as they launch since no gold can be earned that way
Naturally, most KOLs and community members are angry and calling the platform a scam.
Action: Avoid D1 from here on out.
If you're in our D1 room, don't feel guilty or anything about dumping the shares.
Do what you gotta do.— kycrypto.eth | BLASTR (@k2_nft)
7:17 PM • Jun 20, 2024
Fantasy Top Tactics Goes Live
This is the biggest thing I missed while away: Tactics by Fantasy Top.
How it works:
You buy a ticket for $19.99.
You enter a flash “tactic” competition.
You choose from a pre-set pool of influencers.
You win gold and ETH based on your placing.
Action: Each tactic has filled up within minutes of opening, and I haven’t been able to catch one yet! I think these are fun and a good bet to get in on.
Introducing Tactics: Your Ultimate Social Betting Opportunity! 🧩
We are excited to unveil Tactics – a strategy-based social betting game, similar to DraftKings, offering up to 20,000% liquid gains in a day.
In addition, we're welcoming 11 New Heroes.
––––
Register Now for… x.com/i/web/status/1…
— fantasy.top (@fantasy_top_)
7:20 PM • Jun 18, 2024
Last-Minute Farms
With so much happening and just a few days for it all to go down, remember that there is still tons of gold to be earned.
Action: I know I said Wolf Game was dead but this tweet from Easy makes me want to dive back in these next few days.
YOU CAN STILL FARM GOLD... DO NOT MISS OUT
The two best ways imo right now to get maximum gold with low capital
@wolfdotgame - still has 500k gold and ALL of their points to distribute with just 5 days left.
The amount of DAMAGE you can do with just 0.1 ETH, absolute no… x.com/i/web/status/1…
— Easy (@EasyEatsBodega)
2:51 PM • Jun 20, 2024
Thanks everyone for reading! Feel free to drop questions and feedback in the comments or on twitter.