How To Buy BlastUp Token ($BLP) – Easy Guide
BlastUp is the first project launchpad to be developed on the Ethereum Layer2, Blast. It has been created to enable teams to raise capital in a safe, user-friendly, and secure environment whilst at the same time rewarding active participants through its Community Incentive Program.
In this guide, you will learn 5 easy-to-follow steps that will tell you everything you need to know about buying the BlastUp Token (BLP$). We also discuss the price potential of Blast for the foreseeable future.
How to Buy the BlastUp Token ($BLP): A Step-by-Step Guide
Let’s take a look at every step you need to complete to purchase your $BLP tokens through the project presale.
Step 1: Download and Install a Crypto Wallet
First of all, you will need to download and install a wallet that is compatible with Blast. As the Blast project has been built on Ethereum the wallet will need to be ERC-20 compliant. Metamask and Coinbase are some of the most popular options on the market today.
All you have to do is install the wallet browser extension and then sign in to create a new account. If you’re doing this on your phone, use the Google Play store to find the application. If you get confused, check out our handy guide to setting up your Metamask wallet.
Step 2: Add Some Crypto To Your Wallet
Before you can take part in the BlastUp presale, you need to make sure you have enough compatible crypto such as ETH, BNB, MATIC, or USDT. If you don’t, you can buy these coins from a reputable crypto exchange and send them to your wallet. You can also buy crypto directly from your wallet via a third-party provider. Be sure to check your wallet’s Terms and Conditions.
Step 3: Connect Your Wallet to the BlastUp Presale Site
In order to directly purchase your BlastUp tokens, head to the official presale website and connect your wallet. Follow the on-screen instructions if you get confused.
Step 4: Buy Your $BLP Tokens
Now you have your wallet connected, decide which crypto you want to swap for $BLP. As we mentioned previously, you can choose between ETH, BNB, MATIC, and USDT. Choose how many $BLP you want to buy and click ‘Buy Now’ to finalize the transaction. You will now have your very own $BLP tokens. Whilst not available at the moment, in the future you will also be able to start staking your tokens to earn passive staking rewards.
Step 5: Claim Your $BLP
Although you have paid for your $BLP tokens and you own them, you will not actually be able to claim your tokens until the BlastUp presale ends. However, if you visit the official website and connect your wallet, you will be able to see your tokens allocated to you. To keep up to date with all the latest news on the BlastUp presale, you can follow the project on X and join the Telegram channel.
What is BlastUp?
BlastUp is the project launchpad of the Ethereum Layer 2 scaling solution, Blast, and has been specifically designed to enable developers to raise capital in a safe and decentralized fashion while bringing community engagement to the fore. BlastUp’s mission is to bring project developers and yield seekers together and is encapsulated in their slogan “Grow faster, earn more”.
Blast is the first Ethereum Layer 2 offering native yield for both ETH and stablecoins and therefore generated more than 1 billion TVL (Total Value Locked) in less than 35 days. These kinds of metrics have helped to create a strong competitive advantage over existing L2 networks and introduce more competitive DeFi tokenomics.
Yield from staking blast comes from both RWAs (Real World Assets) and Ethereum. Whilst the default interest rate on other Layer 2’s is somewhere in the region of 0%, Blast provides 4$ for ETH and 5% on stablecoins. The Blast network uses ETH rather than wETH or stETH to automatically rebase itself on the network.
This makes it easy for dApp developers to work on the L2 network without incurring any extra charges. Furthermore, the Blast network gives gas fees back to dApp developers programmatically. Naturally, the BlastUp launchpad team believes in the power of the Blast network and its future potential.
That said, the success of any network boils down to the amount of development that takes place and therefore the team behind BlastUp offers a number of cutting-edge features that make the BlastUp launchpad competitive. Let’s take a look –
- The project team carefully evaluates all project proposals so that only the best projects make it onto the launchpad.
- The team helps projects with their documentation and tokenomics to ensure that their project can raise the necessary development funds.
- BlastUp encourages the use of the Blast network and rewards those who demonstrate the highest levels of activity.
- All BlastUp token holders are guaranteed a reserved allocation of upcoming ICO tokens depending on the amount of $BLP tokens they have staked.
- Token holders can grow their $BLP token supply even more by staking and liquidity farming through the in-house staking portal.
$BLP Tokenomics And Presale
There is a 1 billion $BLP total token supply of which 20% (200 million) are available in the presale starting at a price of just $0.01. A further 10% has been reserved for staking rewards. Once all 10 presale tiers have been reached, the average presale price is estimated to be $0.06. However, if the 200 Billion $BLP tokens fail to sell out before 31st May 2024, the $BLP presale will end.
The forecast exchange listing price for the $BLP token is $0.10. Any tokens unsold by 31st May 2024 will be allocated to a reserve pool which has a cliff period of 12 months and a linear vesting schedule of 36 months. All BlastUp smart contracts have been written with Solidity and are deployed across Binance, Ethereum, and Polygon networks.
Once the Blast Layer2 network launches, all smart contracts will then be deployed via the Blast Mainnet. The BlastUp launchpad was successfully audited by CertiK on February 23rd. Another audit by Hacken is currently in progress.
Reasons to Buy the BlastUp Token – Key Takeaways
Here are some of the main reasons to buy the BlastUp Token presale:
- The Blast mainnet will be an established Layer 2 scaling solution for Ethereum once it is launched with hundreds of dApp developers looking to take advantage of the low fees and generous staking rewards.
- BlastUp is uniquely placed to offer project launchpad facilities for dApp developers on the Blast mainnet including capital generation, project screening, launchpad accelerator, and passive income generation.
- The BlastUp launch pad has been thoroughly audited by CertiK Skynet and is currently undergoing rigorous analysis from Hacken security audits.
- The BlastUp launchpad provides unique staking rewards across a variety of mediums including $BLP tokens, Blast Gold and Booster Points which are great ways to earn passive income while contributing to the development of projects on the platform.
- Early BlastUp participants will be rewarded with $BLP token airdrops. Users who transferred ETH and USDT through the Blast bridge will be rewarded alongside those who bought $BLP during the presale stage and those who participated in the BlastUp Community Incentives Program.
Conclusion
The BlastUp presale is a unique opportunity to invest in an Ethereum Layer 2 scaling solution and gain exposure to dApps being built on the Blast mainnet. With more and more developers choosing Ethereum as the platform of their choice, demand for efficient and effective Layer 2 scaling platforms such as Blast will only increase.
By investing in the ongoing BlastUp presale you have the opportunity to allocate your capital into a critical area of Ethereum and dApp development in the years to come. Furthermore, the BlastUp presale allows you to generate passive income through a variety of staking avenues.
FAQs
What is BlastUp?
BlastUp is a decentralized application launchpad that has been designed to help developers generate revenue, build their projects, and grow community engagement. The BlastUp token presale offers early investors a unique chance to support the growing dApp community and benefit from earning passive staking income.
How do I buy BlastUp ($BLP) Token?
To buy $BLP, set up a compatible crypto wallet such as Metamask or Coinbase, add ETH/MATIC/USDT/BNB to it, connect the wallet to the BlastUp presale page, enter the amount of $BLP you want to buy, confirm the transaction, and then claim your tokens after the presale ends or stake them for rewards.
References
- 10 Best Crypto Wallets of April 2024 (Money.Com)
- BlastUp token audit (Certik)
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
About the Author
Kane Pepi 
Eric Huffman 
Sergio Zammit 