- Blast’s launch is announced by Upbit, South Korea’s crypto exchange.
- The airdrop date is confirmed for June 26.
South Korean crypto exchange Upbit announced the launch of BLAST trading pairs for Korean won (KRW), Bitcoin (BTC), and Tether (USDT). Notably, the trading of BLAST, the governance token of L2 network Blast, on the platform is expected to start on Wednesday.
Upbit is one of the five fully licensed crypto exchanges in South Korea. It reportedly has $1.25 billion in total crypto trading volume, a 48% hold, according to CMC.
The tokens will be allocated to developers and users through Blast Gold and Blast Points, respectively, on June 25, as declared on an X post. Initially, the airdrop was scheduled for May but was delayed as it was a token generation event (TGE) last month. Consequently, it increased users’ airdrop allocations.
Blast requires users to have signed into their Blast dashboard with their Ethereum account (EOA) at least once. This can be done by receiving an invite or linking the EOA to an existing account. Only then the Points or Gold in that EOA be considered for airdrop calculations, Blast clarified.
Blast, an Ethereum layer 2 blockchain network, recorded all-time highs in daily transactions and active users last week. The total value locked on Blast amounted to $2.09 billion at the time of publication, compared to $2.3 billion recorded on June 6, according to data from DefiLlama.
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