BLAST Token’s Big AirDrop: What’s It Really Worth?

The cryptocurrency community braces for the Blast airdrop, which promises to disperse a whopping 17 billion BLAST tokens among point farmers, gold holders, and the Blast Foundation. This massive event raises a pressing question: What will BLAST be worth once the dust settles?

For months, the crypto sphere buzzed with activity as enthusiasts amassed Blast Points and Gold, driven by both speculation and strategy. However, clarity emerged just yesterday when the token’s tokenomics were unveiled, providing a much-needed basis for value estimation.

Currently, BLAST is trading in the Pro Whales pre-market at $0.282. The token’s journey saw a peak pre-market price of $4.40 in late May. Yet, the landscape shifted dramatically two weeks ago, with its price taking a steep dive from $2.50 to a mere $0.0654 last week. Despite these fluctuations, Pro Whales sets the token’s fully diluted valuation (FDV) at approximately $2 billion, a figure met with more optimistic estimates from other industry insiders.

FDV represents the total market value of a cryptocurrency’s circulating supply. It is calculated by multiplying the current token price by its total supply. With 17 billion BLAST tokens about to enter the market, and with a clear picture of the gold farmed, analysts are busy sketching potential futures for the soon-to-launch token.

Stats, CCO at Memeland, anticipates an FDV of $8.5 billion, citing the token’s limited initial float and robust exchange listings as key factors. In contrast, Blast community luminary Loopify projects an FDV ranging between $6 billion and $10 billion, acknowledging a potential dip to as low as $3 billion in adverse conditions.

Adding another layer to the analysis, airdrop speculator OlimpioCrypto has applied reverse engineering to the FDV calculations, using benchmarks set by leading Ethereum layer-2 projects. Should BLAST match Arbitrum’s leading $8.3 billion FDV, the price per token could land at $0.083. Surpassing Arbitrum might push it to $0.10 per token.

In the scenario painted by OlimpioCrypto, owning 1 million Blast Points could net about $65, and 1 Blast Gold might be valued at $7. However, Loopify’s more bullish outlook suggests Blast Gold could climb to $8.75, factoring in considerations like the allocation of 7 billion tokens to the Blast Foundation and the six-month vesting period for tokens held by top wallet holders.

The distribution strategy for BLAST outlines that 25.5% of its total 100 billion token supply will reward core contributors, with 16.5% allocated to investors, 8% to the Blast Foundation, and a substantial 50% reserved for community initiatives. In today’s “Phase One” of the airdrop, 17% of BLAST tokens are earmarked for distribution to those who have engaged with the network.

With Blast Gold scarcer than Blast Points, those heavily invested in Gold are poised to receive a significant share of today’s airdrop, potentially translating to substantial gains depending on the final market reaction.