$BLASTUP, the native token of the BlastUP launchpad platform, has been listed on two popular centralized exchanges (CEXs), Bitget and MEXC. These listings follow BlastUP’s $8 million presale and token generation event (TGE), marking the official launch of $BLASTUP on the Blast network.
On August 20, the BLASTUP/USDT trading pair became available to a combined audience of over 35 million users on Bitget and MEXC. On August 21, both platforms will also enable $BLASTUP withdrawals.
Notably, the $BLASTUP listing on Bitget came with several community incentives. The platform allowed users to stake their BTC or USDT on the PoolX platform for a chance to earn a share of a total pool of 2,285,000 $BLASTUP tokens. This limited-time offer runs until August 30.
In addition, as part of a special community giveaway, 300 qualified users who complete a BLASTUP/USDT spot trade of any amount on Bitget will become eligible for an extra reward pool of 572,143 $BLASTUP tokens.
Bitget and MEXC, ranked among the most authoritative CEXs in the crypto market, each have a 24-hour trading volume of about $1.5 billion.
$BLASTUP Token Presale and TGE
Earlier, the presale of BlastUP’s $BLASTUP token attracted a large number of investors. Nearly 20,000 individuals contributed a total of $8,095,148 to the project in 3.5 months, providing vital financial backing to fuel its growth.
On August 20, $BLASTUP also underwent its TGE, which saw the first 20% of pre-sale tokens unlocked and distributed to holders’ wallets within the Blast network. The immediate TGE unlock also involved the release of all $BLASTUP tokens allocated for liquidity and the staking program.
As the premier launchpad on the Blast blockchain, BlastUP has already launched 3 IDOs: Playtoo, Petobots, and CYBRO, which raised $275,000 altogether. As of this writing, BlastUP’s official website features two other upcoming IDOs, OneClick.fi and GPT360.
$BLASTUP Holders Get Up to 12% APR, Native Yield, and Access to IDOs
$BLASTUP is the BlastUP ecosystem’s native token that grants users allocations of project tokens sold on the platform and enables projects to participate in the BlastUP IDO launchpad.
Besides, staking $BLASTUP tokens unlocks access to the IDO launchpad, earning token holders from 6% to 12% APR on their investment, depending on the lock-up period. The longer users stake, the greater the number of $BLASTUP tokens and Booster Points they get.
Booster Points fuel BlastUP’s Community Incentives program and give them eligibility for airdrops from both BlastUP itself and other projects launching on the launchpad.
Speaking of other earning opportunities, with BlastUP’s IDO farming feature, users can earn native yield on ETH/WETH and USDB, and even use their yield to snap up tokens from projects launching on the launchpad – all without the need to register.
$BLASTUP Token Burn and Future Initiatives
Now, the project’s momentum continues with the Explosion airdrop. Beyond its token listing on Bitget and MEXC, BlastUP’s development roadmap hints at an array of diverse features in the pipeline, including MemePad, BlastUP Shield, and AI IDO screener.
Moreover, according to the latest BlastUP’s announcement on X, 30% of the total $BLASTUP supply was burned. This move signals a potential uptrend for the token’s price post-TGE, since token burns decrease the number of tokens in circulation, increase scarcity, and curb price volatility.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2024/08/blasts-first-launchpad-blastup-launching-its-blastup-token-on-bitget-and-mexc