- BlastUP not too long ago concluded its presale, elevating greater than $8 million.
- BlastUP’s spectacular elevate marks the primary milestone for the community-backed launchpad challenge on the Blast blockchain.
- Upcoming launches of Blastboxes V2, airdrops and different unique provides has the BlastUP neighborhood abuzz because the crypto business braces for a contemporary bull run.
BlastUP, a brand new launchpad platform on the Blast blockchain, raised over $8 million in its not too long ago concluded BLP token presale.
According to particulars shared with CoinJournal, the BlastUP presale launched in February and ended on May 31. The presale provided 20% of the whole provide of 1 billion BLP to early consumers.
BlastUP managed to safe a complete of $8,095,148 from almost 20,000 members, the group added in a post shared on X.
“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 BlastUP group mentioned, acknowledging the neighborhood’s help.
BlastUP token launch quickly
BlastUP has gained quite a lot of consideration inside the Blast ecosystem, as a result of it provides a novel mechanism for startups to safe early-stage investments, whereas enabling BLP holders to put money into these startups.
BLP is BlastUP’s native utility token, which holders can use to put money into new startups through tiered IDO launches. BlastUP token holders may earn as much as 12% APR in staking rewards, and faucet into different incentive packages and loyalty rewards.
Proving the success of this mannequin, BlastUP has additionally seen three profitable IDOs launch on the platform:
- CYBRO, an AI-powered yield aggregator on Blast, managed a formidable $150,000 in lower than per week
- GameFi platform Petobots raced to a $75,000 elevate in 4 days
- JuicyBet, a Web3 multi-chain platform for GambleFi, netted $50,000 in simply two days.
As the Blast ecosystem appears ahead to the Token Generation Event (TGE), there’s rising pleasure round what’s subsequent for BLP.
Some customers see BlastUP’s current announcement for initiatives such because the launch of Blastboxes V2 and airdrop campaigns as contemporary alternatives to amass $BLP at an advantageous price.
An upbeat Blast ecosystem neighborhood may additionally view this as a golden alternative for these more likely to have missed the BLP presale.
Growth throughout crypto
BlastUP’s spectacular presale elevate comes amid a contemporary buzz round crypto as Bitcoin jumped to above $71k once more. Memecoins have additionally been on a tear, whereas the largest gainer among the many prime altcoins at this time was BNB.
Elsewhere, the AI house continues to draw consideration amid main developments from tech giants Google, Microsoft and chipmaker Nvidia.
