Blast Gold’s Fourth Allocation
Blast Gold’s Fourth Allocation Summary: The Blast Core Contributors have announced the fourth allocation of Blast Gold, with 10 million Gold set to be distributed among Dapps. This distribution is the second to last before the Blast airdrop scheduled for June 26, 2024.
Allocation Method: The distribution to Dapps currently active on the Mainnet was determined using a formula that multiplies the Category Weight, Blast-native Weight, Dapp Weight, and Incentive Weight. Each Dapp will receive a share of the 10 million Gold proportionate to their calculated weight.
Category Weights Defined: Different categories of Dapps were assigned varying weights, as follows:
- Spot Dex: 6
- SocialFi: 5
- GameFi: 3
- Perp Dex: 3
- Lending: 2
- GambleFi: 2
- Misc: 2
- NFT Infra: 1
- RWA: 1
Categories not allocated Gold in this round still included Dapps with potential, which received either 2,000 or 10,000 Gold.
Blast-native Weight Criteria: Dapps were given weights based on their exclusivity to Blast:
- Exclusive Dapps: Weight of 2
- Primarily on Blast but also elsewhere: Weight of 1.5
- Available on multiple chains: Weight of 1
Dapps can increase their weight by focusing more on Blast over time.
Dapp Weighting System: Dapps received weights ranging from 0 (Unranked) to 15 (Platinum), based on factors like on-chain activity, utilization of Blast-native features, and overall execution. Dapps involved in significant security or community incidents were assigned a weight of 0 for this round. However, there’s an opportunity for improvement and higher weights in future distributions.
Incentive Weight Evaluation: The Incentive Weight measures how effectively Dapps distribute gold to users, with a scale from 0 to 1. Community members can report any dubious distributions or provide feedback.
Distribution Details: Eligible recipients listed in the provided CSV file must fill out a form and supply a contract address that integrates the Blast Points API and has a configured points operator, as detailed on their official website’s public documentation.
Further Insights into Blast Gold Distribution: The fourth distribution of Blast Gold is not just a routine allocation; it represents a strategic move to bolster the Dapp ecosystem on the Blast platform. By distributing 10 million Gold to various Dapps, Blast Core Contributors are nurturing growth and innovation.
Strategic Importance of Category Weights: The category weights play a crucial role in this distribution. By assigning higher weights to categories like Spot Dex and SocialFi, Blast is signaling the importance of these sectors within its ecosystem. This strategic weighting ensures that resources are channeled towards areas with the highest potential for growth and user engagement.
Blast-native Weight and Ecosystem Loyalty: The Blast-native weight system incentivizes Dapps to commit exclusively to the Blast platform. This exclusivity is rewarded with a higher weight, which translates to a larger share of the Gold distribution. It’s a clever mechanism to encourage loyalty and foster a sense of community among developers.
Dapp Weight and Operational Excellence: The Dapp weight criteria underscore the importance of operational excellence. Dapps are rewarded for their on-chain performance, integration with Blast-native features, and overall execution. This merit-based system promotes a high standard of quality and security within the ecosystem.
Incentive Weight and User-Centric Approach: The Incentive Weight is a measure of how well Dapps are engaging with their user base through the distribution of Gold. This user-centric approach ensures that the benefits of the Blast ecosystem are felt directly by the end-users, fostering a vibrant and active community.
Implications for the Future: The careful calibration of weights and the methodical distribution of Gold are indicative of Blast’s long-term vision. By supporting Dapps that align with its strategic objectives, Blast is laying the groundwork for a robust and sustainable platform that could lead the way in the decentralized application space.
Community Involvement and Transparency: The open invitation for community feedback and the transparent reporting of distribution issues reflect Blast’s commitment to transparency and community involvement. This participatory approach is likely to build trust and encourage active community engagement.
Anticipation for the Upcoming Airdrop: With the penultimate distribution now underway, anticipation is building for the Blast airdrop on June 26. This event is expected to be a significant milestone for the platform and could potentially attract a new wave of users and developers to the ecosystem.
Conclusion: The fourth distribution of Blast Gold is more than just a financial transaction; it’s a strategic investment in the future of decentralized applications. By fostering innovation, rewarding excellence, and engaging with the community, Blast is positioning itself as a leader in the Dapp space, with the potential to shape the future of decentralized finance and beyond. The upcoming airdrop is poised to be a pivotal moment, marking the culmination of these efforts and the beginning of a new chapter for the Blast ecosystem.
Note: The original link to the CSV file and the form has been omitted from this paraphrase for brevity and privacy. Please refer to the official Blast Core Contributors’ announcement for access to these resources.
