From Presale Triumph to AI-Driven Horizons: BlastUP Prepares for Market Entry After Raising Over $8 Million

June 7, 2024

What you'll learn 👉

Key Highlights:

BlastUP successfully completed its presale stage, selling over 145 million BLP tokens and amassing more than $8 million.
As BlastUP gears up for the Token Generation Event (TGE), anticipation is high for upcoming exchange listings and community incentives, including Blastboxes V2.
BlastUP’s presale triumph could be just the beginning for the project, especially as the convergence of crypto and AI gains momentum in the growing market.

BlastUP, a new platform on the Blast blockchain, has concluded its BLP token presale. The team announced on X that they had secured a total of $8,095,148 from nearly 19,000 participants by distributing over 145 million tokens.

They also expressed their gratitude, stating, “It has been an incredible journey for us! The amount we raised is extraordinary for the Blast L2 Ecosystem. Thank you for your unwavering dedication, encouragement, and belief in our vision. We couldn’t have done it without you.”

The presale, which began in February and ended on May 31, offered 200 million BLP tokens, equivalent to 20% of the total supply of 1 billion, to early investors.

The Next Steps: BLP Token Launch and Community Benefits

As the BlastUP community eagerly anticipates the TGE, excitement about the future of BLP continues to grow. Notably, negotiations with both centralized and decentralized exchanges for optimal placements are underway. Additionally, 8% of the BLP supply is allocated for liquidity, ensuring a smooth market entry, stability, and project integrity.

Moreover, BlastUP has recently unveiled forthcoming airdrop campaigns and the launch of a new version of Blastboxes – special lootboxes previously raffled weekly among BLP holders. While the original Blastboxes offered valuable prizes such as rewards in Blast’s native stablecoin USDB or ETH, there are discussions that this time they will also include additional BLP at favorable rates. This suggests that Blastboxes V2 could be a prime opportunity for those who missed the BLP presale. However, whether this assumption holds true remains to be seen.

For those who might have missed it, BLP is the native utility token of BlastUP, granting holders priority access to investing in new blockchain startups through tiered IDO launches. Additionally, BLP owners can earn up to 12% APR through staking their idle holdings and benefit from various incentive programs and loyalty rewards.

Providing an innovative platform for startups to facilitate the launch and early-stage investment process, BlastUP has already captured significant attention within the Blast ecosystem. The intrinsic value of this model is evident in the success of three thriving IDOs launched on the platform.

Specifically, CYBRO, an AI-powered yield aggregator on Blast, garnered an impressive $150,000 in less than a week. Petobots, a GameFi platform, quickly achieved a $75,000 raise in just four days. JuicyBet, a Web3 multi-chain platform for GambleFi, secured $50,000 in only two days.

Crypto Industry Growth and Momentum

BlastUP’s remarkable presale success aligns with the renewed enthusiasm in the cryptocurrency market. Bitcoin has surged past $71K, memecoins are experiencing a resurgence, and Flare (FLR) has emerged as the top gainer among altcoins today.

Concurrently, the AI sector is making significant strides, with major advancements from tech giants like Google, Microsoft, Nvidia, and OpenAI. With several AI tools integrated into BlastUP’s ambitious roadmap for 2024-2026, BLP stands a strong chance of riding the AI wave in the crypto space, potentially joining the ranks of top AI-based coins like NEAR Protocol (NEAR), Render (RNDR), and Injective (INJ).

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