Monat: August 2024

• BLASTUP token gets listed on Bitget and MEXC, with trading starting August 20.
• Bitget offers staking rewards and a giveaway of 572,143 BLASTUP tokens.
• 30% of BLASTUP supply burned, boosting scarcity and potential price increase.

BlastUP launchpad platform, the first launchpad on the Blast blockchain, has marked a significant milestone with the listing of its native token, BLASTUP, on two prominent centralized exchanges (CEXs), Bitget and MEXC.

This listing is a major breakthrough for the launchpad, coming on the heels of an $8 million presale and a highly anticipated token generation event (TGE).

The success of the $BLASTUP presale was a clear indicator of the market’s confidence in the BlastUP project. Nearly 20,000 investors participated, contributing a total of $8,095,148 over a span of 3.5 months.

This substantial financial backing was crucial in fueling the platform’s growth and expansion. The TGE on August 20 marked the official launch of BLASTUP on the Blast network, with the first 20% of presale tokens unlocked and distributed to holders.

BLASTUP trading on BitGet and MEXC starts on August 20

On August 20, 2024, the BLASTUP/USDT trading pair became available to over 35 million users across Bitget and MEXC, two exchanges with a combined 24-hour trading volume of approximately $3 billion.

The initial listing price for BLASTUP was set at $0.07 per token, opening up new possibilities for investors and traders, as both exchanges prepare to enable BLASTUP withdrawals starting August 21.

Bitget offers BLASTUP token incentives

In tandem with the listing, Bitget introduced several community incentives aimed at engaging and rewarding its users.

One of the key promotions allows users to stake their BTC or USDT on the PoolX platform, with the opportunity to earn a share of 2,285,000 BLASTUP tokens. This limited-time offer, available until August 30, provides a unique chance for participants to grow their BLASTUP holdings.

Additionally, a special giveaway on Bitget offers 300 qualified users who engage in BLASTUP/USDT spot trades a chance to win a share of 572,143 BLASTUP tokens.

BLASTUP staking opportunities

Holders of the BLASTUP token are poised to benefit from various staking opportunities within the BlastUP ecosystem.

By staking their tokens, users can unlock access to the platform’s Initial DEX Offering (IDO) launchpad and earn up to 12% APR, depending on the lock-up period.

The longer the stake, the more BLASTUP tokens and Booster Points users accumulate, enhancing their participation in community incentive programs and increasing their eligibility for airdrops.

Looking ahead, the roadmap for BlastUP hints at several exciting developments, including the launch of features like MemePad, BlastUP Shield, and an AI IDO screener. Furthermore, the platform recently burned 30% of its total $BLASTUP supply, a strategic move expected to increase scarcity and potentially drive up the token’s price in the post-TGE market.

With these initiatives, BlastUP is well-positioned to continue its upward trajectory, offering robust opportunities for its community and setting new standards in the decentralized finance space.

The post BlastUP token lists on Bitget and MEXC, unlocking new opportunities appeared first on CoinJournal.

• Michael Egorov’s proposal seeks new funding for Swiss Stake AG, the organisation building Curve.
• The Curve founder says a 21 million CRV grant will help fund the DeFi protocol’s research and development projects.
• Community members have criticised the proposal’s lack of a clear roadmap and transparncy to how funds will be used.

Curve founder Michael Egorov has outlined a proposal seeking community approval for new funding for Swiss Stake AG, the company building the decentralised finance (DeFi) protocol.

In his proposal, the Curve Finance founder requests that the community approves a 21 million CRV token grant to the Switzerland-based entity. The 21 million CRV total $6.34 million at current CRV prices and will be used to finance Swiss Stake AG’s research and development initiatives, Egorov wrote.

Here is a review of what Swiss Stake (company building Curve) did so far! pic.twitter.com/R0PjjTX9mQ

— Curve Finance (@CurveFinance) August 19, 2024

If approved, the funding will come from the Curve Community Fund and tokens would be vested over one year. The Community Fund currently holds just over 47.5 million CRV tokens.

“This proposal requests a grant for software research and development work as well as related tasks for the benefit of Curve as outlined within this proposal. The grant will be for one year, unused funds will be rolled over to the next year,” the Curve founder noted.

Swiss Stake AG has depleted the CRV allocation it received in August 2020, and needs the funding to continue its R&D task, including remuneration for the over 25 team.

Proposal faces some backlash

Reactions to the Curve founder’s proposal have included criticism over the lack of a clear and detailed roadmap for grant utilisation.

“I totally understand the need, and the Swiss Stake AG deserves it! However, it would be amazing if you could share a product/strategy roadmap + cost breakdown like Aave does. More transparency is always appreciated!” a Curve community member said.

The CRV token price was $0.3035 as of 10 am CET on Tuesday, August 20, 2024.

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