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Gulf Press > Business > Crypto > BlastUP Launchpad Raises More Than $5.5 Million in Presale with Influx of Investors
Crypto

BlastUP Launchpad Raises More Than $5.5 Million in Presale with Influx of Investors

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Last updated: 2024/05/10 at 2:56 PM
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BlastUP, a leading launchpad within the Blast L2 Ecosystem, is gaining attention in the crypto community for its innovative and transparent approach to presales. With over $5.5 million already raised in its presale, BlastUP is showing a strong commitment to innovation and engaging with the community. The Blast Layer-2 Network, which is the home of BlastUP, has been rapidly growing in popularity as the sixth-largest chain by dAppTVL and the second-largest L2 by TVL. Built on the Ethereum blockchain, Blast aims to increase transaction throughput and scalability while reducing fees. Blast is the first Layer 2 chain to reach 1 billion TVL in just 35 days and offers impressive yields on assets like ETH and stablecoins.

The Blast ecosystem has become a hub for DeFi projects, attracting new developers and projects to its platform. The launch of BlastUP as the first launchpad on Blast has further solidified its position as a supportive environment for early-stage projects. BlastUP offers a transparent and inclusive platform for project launches, with careful evaluation of potential projects and ongoing monitoring. The platform also provides support for new projects in preparing documentation and tokenomics for successful fundraising. With an A grade audit from Certik and KYC approval from Assure DeFi, BlastUP is setting a high standard for project evaluation and transparency.

The BlastUP token, $BLP, is the native token of the BlastUP platform and offers tangible utility for its holders. $BLP provides access to BlastUP Tiered IDO launches, staking yields, and a buy-back mechanism that uses a percentage of funds raised by launchpad IDOs. The token has real-world applications and a clear roadmap for growth, making it a valuable asset within the Blast ecosystem. The BlastUP presale is currently ongoing, with over 11,800 participants and more than $5 million raised. Participants can earn Booster Points through the referral program, with holders of 1000 or more points eligible for exclusive weekly drops of Blastboxes containing NFTs, stablecoins, ETH, and more.

The BlastUP community is rapidly growing, with over 35,000 followers on its X (Twitter) account. Investors are encouraged to take advantage of the presale opportunity before it concludes on May 31 or once all 200 million tokens are sold. With the token price increasing at each stage of the presale, early adopters stand to benefit from significant price appreciation, as the expected listing price is set to soar to $0.1. By visiting blastup.io, investors can participate in the presale and become part of the thriving BlastUP community. With its transparent approach to presales and commitment to innovation, BlastUP is setting a new standard in the crypto world.

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News Room May 10, 2024
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