Blast Announces New Gold Distribution
Blast announced that 11 million Gold will be distributed to Dapps in the second Gold distribution of Phase 2.
The Deets
- Gold Allocation: 10 million Gold reserved for existing Dapps on Blast Mainnet, 1 million Gold for newly launched Dapps
- New Policy: Dapps can now allocate Gold directly to assets, subject to Blast Foundation approval
- Culture Category: New experimental category introduced with tokens receiving 50,000 Gold and NFT projects 25,000 Gold
- Bonus Allocation: Projects utilizing BLAST tokens in a novel way received a bonus Gold allocation
The Bulk
The second phase of the Gold distribution will see a total of 11 million Gold allocated to various decentralized applications (Dapps) on the Blast Mainnet. Out of this, 10 million Gold has been earmarked for existing Dapps, while 1 million Gold is set aside for newly launched Dapps.
In a significant policy update, Dapps now have the flexibility to allocate Gold directly to assets. However, this mechanism requires approval from the Blast Foundation to ensure it aligns with user interests and promotes Dapp growth. Dapps planning to implement this must consult with the Blast Foundation for approval. The policy may undergo changes based on future learnings.
To further nurture the Blast native asset ecosystem, a new Culture category has been introduced. This category recognizes projects that significantly contribute to Blast-native culture and community. Tokens in this category will receive 50,000 Gold, while NFT projects will get 25,000 Gold. This experimental category is subject to future adjustments.
Additionally, the methodology for Gold Distribution 2 rewarded Dapps utilizing the BLAST token innovatively with a bonus Gold allocation. The detailed methodology can be found in the linked blog post.
🔜 What's Next
Stay tuned for more details on the next Big Bang competition in the coming weeks.
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