BlastUP Presale Pans Out with a Massive $8M+ Fundraise in Just 3 Months

BlastUP Presale Pans Out with a Massive $8M+ Fundraise in Just 3 Months

By Mike Ermolaev | Various | 4 Jun 2024


BlastUP, a dynamic launchpad for crypto startups on the Blast blockchain, has made it to the top with the presale of the ecosystem’s native tokens $BLP. With an unprecedented amount of $8 million raised between mid-February and May 31st, the BlastUP team has assembled an impressive community of nearly 20,000 holders who have high hopes for the Token Generation Event (TGE) scheduled for the second quarter of 2024. Moreover, having captured the attention of multiple media outlets, BlastUP has garnered about 100,000 followers on X.

Blastup Tweet

Source 

The tokenomics of BlastUP consists of a total supply of 1 billion $BLP tokens. The allocation is distributed as follows: 24% (240 million tokens) is reserved, 20% (200 million tokens) is allocated to the pre-sale, 18% (180 million tokens) is designated for the team and advisors, 10% (100 million tokens) is set aside for the staking program, and the remaining 28% (280 million tokens) falls under the 'Other' category. Apparently, BlastUP prioritizes liquidity with this strategic allocation to safeguard the $BLP token’s stability and integrity post-TGE.  

Blastup Tokenomics

Source: Blastup.io 

Additionally,  BlastUP has announced several initiatives for the period between the presale and the claim of tokens, including the launch of Blastboxes V2, an airdrop campaign, and negotiations with both centralized exchanges (CEXs) and decentralized platforms (DEXs) to secure optimal placements. 

Being part of the Blast blockchain, BlastUP is committed to boosting the ecosystem by continuing to launch Initial DEX Offerings (IDOs), where budding ventures can get the funding necessary for the early stages of their development. Having launched three IDOs so far, BlastUP has already made a significant impact:

  • AI-driven yield aggregator CYBRO raised $150K in just six days on the Blast platform.
  • GameFi platform featuring F2P and wager modes Petobots secured $75K in four days.
  • Web3 multi chain GambleFi platform JuicyBet completed a $50K raise in a matter of two days.

 

BlastUP's IDOs are only open to holders of $BLP tokens, but their privileges do not end there. $BLP tokens offer a staking APR of up to 12%. Additionally, holders can participate in airdrops and incentive campaigns.

In particular, the Blastbox campaign, which offers valuable prizes such as NFTs, rewards in USDB or ETH, and Booster Points, was well received by the BlastUP community. Weekly Blastboxes are distributed through a raffle, with winners selected at random from qualified participants.

Moreover, BlastUP also plans to unveil the next generation of Blastboxes, which will be available as NFTs with even greater utility. Some users speculate that this launch could provide an opportunity for those who missed out on $BLP tokens during the presale to join BlastUP.

To conclude, BlastUP is entering its next phase after the pre-sale, with new features and continued momentum driving it forward. Blastboxes V2 are on the way, along with ongoing strategic improvements that expand the existing framework and investor opportunities.

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Mike Ermolaev
Mike Ermolaev Verified Member

Founder, Outset PR (outsetpr.io) Not giving any financial recommendations, just my views on the market. Always DYOR


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