$BLASTUP is the BlastUP ecosystem’s native token that grants users allocations of project tokens sold on the platform and enables projects to participate in the BlastUP IDO launchpad.
Besides, staking $BLASTUP tokens unlocks access to the IDO launchpad, earning token holders from 6% to 12% APR on their investment, depending on the lock-up period. The longer users stake, the greater the number of $BLASTUP tokens and Booster Points they get.
Booster Points fuel BlastUP’s Community Incentives program and give them eligibility for airdrops from both BlastUP itself and other projects launching on the launchpad.
Speaking of other earning opportunities, with BlastUP’s IDO farming feature, users can earn native yield on ETH/WETH and USDB, and even use their yield to snap up tokens from projects launching on the launchpad – all without the need to register.
$BLASTUP Token Burn and Future Initiatives
Now, the project’s momentum continues with the Explosion airdrop. Beyond its token listing on Bitget and MEXC, BlastUP’s development roadmap hints at an array of diverse features in the pipeline, including MemePad, BlastUP Shield, and AI IDO screener.
Moreover, according to the latest BlastUP’s announcement on X, 30% of the total $BLASTUP supply was burned. This move signals a potential uptrend for the token’s price post-TGE, since token burns decrease the number of tokens in circulation, increase scarcity, and curb price volatility.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
