BlastUP lately 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 gives has the BlastUP group abuzz because the crypto trade braces for a recent bull run.
BlastUP, a brand new launchpad platform on the Blast blockchain, raised over $8 million in its lately concluded BLP token presale.
In keeping with particulars shared with CoinJournal, the BlastUP presale launched in February and ended on Might 31. The presale supplied 20% of the whole provide of 1 billion BLP to early consumers.
BlastUP managed to safe a complete of $8,095,148 from practically 20,000 members, the group added in a submit shared on X.
“It has been an unimaginable journey for us! The quantity we raised is extraordinary for the Blast L2 Ecosystem. Thanks in your unwavering dedication, encouragement, and perception in our imaginative and prescient. We couldn’t have accomplished it with out you,” the BlastUP group mentioned, acknowledging the group’s help.
BlastUP token launch quickly
BlastUP has gained a whole lot of consideration inside the Blast ecosystem, as a result of it gives a novel mechanism for startups to safe early-stage investments, whereas enabling BLP holders to spend money on these startups.
BLP is BlastUP’s native utility token, which holders can use to spend money on new startups by way of tiered IDO launches. BlastUP token holders can even 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 powerful $150,000 in lower than every 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.
Because the Blast ecosystem seems ahead to the Token Technology Occasion (TGE), there’s rising pleasure round what’s subsequent for BLP.
Some customers see BlastUP’s latest announcement for initiatives such because the launch of Blastboxes V2 and airdrop campaigns as recent alternatives to amass $BLP at an advantageous price.
An upbeat Blast ecosystem group may additionally view this as a golden alternative for these more likely to have missed the BLP presale.
Progress throughout crypto
BlastUP’s spectacular presale elevate comes amid a recent buzz round crypto as Bitcoin jumped to above $71k once more. Memecoins have additionally been on a tear, whereas the most important gainer among the many high altcoins as we speak was BNB.
Elsewhere, the AI house continues to draw consideration amid main developments from tech giants Google, Microsoft and chipmaker Nvidia.
