The Blast airdrop is imminent. Today at 10 a.m. Eastern Time, a total of 17 billion BLAST tokens will be airdropped to point farmers, gold holders, and the Blast Foundation. But how much will BLAST be worth?
There has been widespread speculation for months now, as people frantically farmed Blast Points and Gold. But once the token’s tokenomics were revealed yesterday, speculators have gotten more detailed in their estimates.
Currently, the token is being traded on the Pro Whales pre-market at $0.282. BLAST. The token’s pre-market price peaked at $4.40 in late May, but its predicted price started to fall two weeks ago and plummeted from $2.50 to $0.0654 last week.
In support of @OlimpioCrypto's report, the listings price users are speculating on $BLAST should be around ~$0.0319
Which is equivalent to a juicy $542 million airdrop for eligible users.
Pro Whales predicts BLAST’s fully diluted valuation (FDV) to be just over $2 billion. But, other crypto industry observers have more bullish estimations.
FDV is the total value of a cryptocurrency’s entire supply in circulation. This value is calculated by multiplying the token price by total supply. So knowing how the entirety 17 billion BLAST tokens will be divided and how roughly how much gold has been farmed has given rise to predictions about the soon-to-be launched Blast token.
Stats, the CCO at Memeland, predicts that there will be a $8.5 billion FDV due to the token having a low initial float and strong exchange listings. Meanwhile, prominent Blast community member Loopify has predicted an FDV range of $6 billion to $10 billion—admitting it could be as low as $3 billion in the worst case scenario.
Airdrop speculator OlimpioCrypto reverse engineered the FDV formula, inputting values currently held by top Ethereum layer-2 projects. In the case that Blast equals Arbitrum’s $8.3 billion FDV, currently the highest of all the Ethereum layer-2 projects, BLAST tokens would trade for $0.083, OlimpioCrypto predicts. But, in the case it outperforms Arbitrum and reaches a $10 billion FDV the token price could be $0.10.
Comparing FDV scenarios with top Ethereum L2s — we can see that if blast outperforms all of them at a 10B FDV, token price would be $0.10 pic.twitter.com/Fly2x255lm
In this best case scenario outlined by OlimpioCrypto, this would see 1 million Blast Points being worth about $65 and 1 Blast GOLD equaling $7.
However Loopify predicts that Blast GOLD could be worth as much as $8.75 in the best case scenario. This is because Loopify is considering extra factors such as 7 billion tokens being given to the Blast Foundation and the top 0.1% of wallets having tokens vested over a 6 month period.
BLAST will have a total token supply of 100 billion. Out of that, 25.5% of the supply will go to core contributors to the network, 16.5% will go to the network’s investors, 8% will go to the Blast Foundation supporting the network, and 50% has been set aside for community initiatives.
In “Phase One” of the Blast airdrop, 17% of the total supply of BLAST tokens will be airdropped to eligible users. Network participants have accumulated Blast Points and Gold by interacting with the Blast network, this will translate into the user’s portion of tokens.
There is far less Blast Gold in circulation currently than Blast Points, so Blast Gold whales are expecting to receive a healthy portion of today’s BLAST airdrop.
