DeFi
BlastUp Launchpad set to revolutionize early-stage project financing
Last updated: May 13, 2024 at 4:50 a.m. EDT | 3 minutes of reading
BlastUP ($BLP) is a popular launchpad that aims to redefine how new projects raise money. The platform offers a decentralized and secure environment that helps both project teams and investors. This is the first community-supported launchpad for new projects within the Blast ecosystem.
The platform recently launched a presale for its native $BLP tokens and raised nearly $6 million in just a few weeks, demonstrating community interest and support.
Paving the way for layer 2 innovation and growth in DeFi
Blast is a layer 2 network, which means it is built on Ethereum. Its goal is to make transactions faster and cheaper while ensuring high scalability.
The platform has become very popular since its launch and is now the sixth largest channel by total value locked in decentralized applications (dAppTVL) and the second largest layer 2 per TVL.
In fact, Blast is the first layer 2 chain to reach 1 billion TVL in just 35 days and the first to offer native yields of 4% on ETH and 5% on stablecoins like USDC, l ‘USDT and DAI.
These high returns have attracted more people to create new dApps and projects on Blast. Because Blast has a very active community, it has become a popular place for new DeFi projects. The BlastUP Launchpad was launched to help support these new projects within the Blast ecosystem.
Empower new projects and reward investors
BlastUP makes it easy to launch new projects on its portal by connecting those who create the projects with those who wish to invest in them. It carefully checks and evaluates each project and keeps an eye on performance even after launch to avoid any potential scams.
They also help new projects prepare their documents and develop a tokenomic model to help them raise funds.
It is worth noting that BlastUp was audited by Certik and received an “A” grade and a high score of 82+. This means that the project is in the top 10% of projects on the Certik list. Additionally, another reputable company called Assure DeFi has also approved BlastUP’s identity checks.
The first version of the dashboard is already live and has successfully completed its first Initial DEX Offering (IDO). A project called Cybro raised $140,000 during its presale, which was exclusively available only to $BLP token holders.
So $BLP actually provides utility and is at the heart of the BlastUP platform. If you hold $BLP, you can access special IDO launches and earn rewards for staking your tokens.
When you stake your $BLP tokens for 3, 6 or 12 months, you can earn rewards and get guaranteed spots in BlastUP IDOs.
The amount you stake determines your IDO tier and how many tokens you can get, with 6 tiers ranging from $2,000 to $100,000 BLP. Staking helps you grow your $BLP holdings and get first access to new projects.
BlastUP also has a special system that uses a portion of the money collected from IDOs to buy back $BLP tokens, which can help make the token more valuable over time.
Earn rewards and unlock prizes with Booster Points
People who support the project can earn “Booster Points” by inviting others to join through the BlastUP referral program. You can earn Booster Points by participating in the $BLP Presale, referring friends, completing Community Incentive Program tasks, and more.
If you have 1,000 Booster Points or more, you can enter sweepstakes to win Blastboxes. Booster Points will also be used for special $BLP gifts and partner project tokens.
Blastboxes are like treasure chests containing prizes, such as NFTs, ETH/USDB and Booster Points. They come in Gold, Silver, and Bronze tiers, with higher tiers offering better prices. 7 boxes (1 Gold, 2 Silver, 4 Bronze) are distributed each week until the end of the $BLP presale.
Additionally, BlastUp has exciting plans for the future, like launching staking programs, creating an NFT collection, and using AI to help choose the best IDOs.
The current presale will end on May 31, when all 200 million tokens are sold. Early buyers can get $BLP for just $0.06 at press time. However, this price will increase to $0.065 in the next step.
Over 111 million tokens have already been sold and the platform is approaching its $6 milestone at the time of writing, demonstrating strong community confidence.
Interested buyers can follow BlastUp on X (formerly Twitter) and join his Telegram channel for the latest pre-sale updates.