Gold 24K AED 528.42/gUSD/AED 3.6725USDT/AED 3.6722AED/INR 25.74All live rates →

Blast Foundation Approves BLIP 2, Doubling Rewards for BLAST Token Holders

The Blast Foundation has recently announced the official approval of BLIP 2, an exciting development aimed at significantly enhancing the rewards program for BLAST token holders. Under this new initiative, all BLAST holders will be eligible to receive double the points based on their token balances held since the Token Generation Event (TGE).

This strategic move demonstrates the Blast Foundation’s commitment to recognizing and appreciating the loyalty of its community members. By doubling the points awarded, the foundation aims to incentivize long-term holding and active participation within the BLAST ecosystem.

The increased rewards will be based on each holder’s token balance since the TGE, effectively rewarding those who have supported the project from its early stages. This approach not only acknowledges the early adopters but also fosters a sense of community and shared success among all BLAST token holders.

The BLIP 2 initiative is expected to have a positive impact on the overall engagement and growth of the BLAST community. With the enhanced rewards program, token holders are encouraged to continue their support and contribute to the project’s ongoing development.

The implementation details of BLIP 2, including the exact timeline for the doubled rewards distribution, will be announced by the Blast Foundation in due course.

This latest announcement comes as a welcome surprise for the BLAST community, further solidifying the project’s dedication to its supporters and its promising future in the blockchain space.

July 2024, Cryptoniteuae

📧 The Gulf reads Cryptonite first
Get MENA regulation moves, RWA deals and AI-money trends in one weekly brief — plus instant alerts when the MENA Regulation Tracker changes. Free, no spam.
Was this briefing useful?Thanks for the feedback!
Vaibhavv Ali
Vaibhavv Ali

Vaibhavv Ali is the founder and editor of Cryptonite (cryptonite.ae), an independent digital-asset news and analysis publication with a UAE focus. He covers virtual-asset regulation — VARA, ADGM and the UAE Central Bank — alongside real-world-asset tokenization, stablecoins and agentic AI in finance. Every Cryptonite article is human-edited and its sources are linked. He is also a celebrated speaker and host.

More articles by Vaibhavv Ali →
About  ·  Contact  ·  Privacy Policy  ·  Editorial Policy  ·  Advertise  ·  Newsletter
Follow: X  ·  LinkedIn  ·  Instagram  ·  Binance Square  ·  CoinMarketCap  ·  Gate